Today IBM acquired Gravitant, a developer of hybrid cloud brokerage software. IBM was likely attracted to Gravitant's single management console, which it could pitch to customers as a way to improve performance and efficiency. The acquisition is the latest in IBM’s efforts to build out its own private cloud, which it calls “cloud.” Although terms of the deal have not been released, the Wall Street Journal reported that the deal was valued at more than $2bn. Gavitant's technology enables businesses to plan, buy and manage software and computing software services from several suppliers across hybrid clouds.
Today IBM acquired Gravitant, a developer of hybrid cloud brokerage software. The acquisition is the latest in IBM’s efforts to build out its own private cloud, which it calls “cloud.” Although terms of the deal have not been released, the Wall Street Journal reported that the deal was valued at more than $2bn. Gavitant's technology enables businesses to plan, buy and manage software and computing software services from several suppliers across hybrid clouds.