IBM acquires CSL International

IBM is buying the Herzliya-based cloud computing company for about $10 million.

IBM Corp. (NYSE: IBM) today announced it is acquiring Herzliya-based CSL International, which provides virtualization management technology for IBM's zEnterprise system. Financial terms were not disclosed but market sources believe IBM is paying about $10 million. The Israeli company has eight employees

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This is IBM's twelfth acquisition in Israel.

IBM said that the strategic investment in the System z portfolio deepens its consolidation and cloud capabilities by offering simplified management of the virtualization environment. CSL International's CSL-WAVE software enables companies to monitor and manage their z/VM and Linux on System z environments using a powerful and easy-to-use interface. The software provides drag and drop simplicity to instantly create, discover, visualize and connect virtual servers to resources allowing clients to free up more skilled staff to address other business challenges.

The zEnterprise System enables clients to host the workloads of thousands of commodity servers on a single system for simplification, improved security and cost reduction. The combination of IBM and CSL International technologies will allow clients to manage all aspects of z/VM and Linux on System z virtualization, including CPU, memory, storage, and network resources.

IBM said that the acquisition is expected to close in the third quarter of 2013, subject to the satisfaction of customary closing conditions and applicable regulatory reviews.

Published by Globes [online], Israel business news - www.globes-online.com - on July 9, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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