The acquisition by IBM Corp. (NYSE: IBM) of Massachusetts-based Watchfire Corporation, a security and compliance testing software company, will affect Watchfire’s R&D center in Herzliya. Watchire received the Herzliya center when it acquired Sanctum, a developer of internet-based security applications, three years ago in share-swap deal.
The R&D center will now undergo a new incarnation, this time under the auspices of IBM. The center and its 35 employees will become part of IBM Israel. The acquisition of Watchfire will increase IBM Israel’s R&D activity, managed by Dr. Daniel Yellin, to several teams: one in Rehovot, based on Ubique, acquired in 1998; the second and third in Jerusalem, based on the acquisitions of iPhrase in 2005 and Unicorn a year later; and now, service-oriented architecture (SOA), based on Watchfire. IBM Israel also has a large development center at Technion Israel Institute of Technology in Haifa, and semiconductor development laboratories in Ramat Hayal, Tel Aviv, and in Haifa.
Published by Globes [online], Israel business news - www.globes.co.il - on June 7, 2007
© Copyright of Globes Publisher Itonut (1983) Ltd. 2007
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