IBM Acquires Lombardi Software

Courtesy Austinist  Wed, 12/16/2009 - 1:06pm

Lombardi Software IBM gave itself something nice for Christmas with a holiday acquisition of Austin's Lombardi Software, a company that makes software for automating functions such as supply chain management and human resources.

The companies did not disclose financial terms of the deal.

The acquisition gives IBM one of the leaders in business-process management (BPM) software and services, a market that's worth $1.7 billion now and could be worth as much as $3 billion by 2013.

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