IBM pads software lineup; Buys ILOG for $340 million

Courtesy ZDNET - Between the Lines  Mon, 07/28/2008 - 6:03am

IBM said Monday that it will acquire ILOG in a deal valued at $340 million. The Paris-based ILOG makes business rules management software.

Big Blue said it will combine ILOG’s software with its business process management software and service oriented architecture technology (statement).

The $340 million price tag is a 37 percent premium from ILOG’s closing [...]


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