IBM to Acquire DataMirror to Deliver Real-Time Information on Demand

IBM to Acquire DataMirror to Deliver Real-Time Information on Demand

IBM (NYSE: IBM) and DataMirror Corporation (TSX: DMC) today announced an agreement for IBM to acquire DataMirror based in Markham, Ontario. Under the Arrangement Agreement, IBM will acquire all of the outstanding DataMirror common shares at a price of C$27.00 per common share payable in cash, amounting to total consideration of approximately C$170 million (approximately $161 million USD).

DataMirror is a provider of technology that identifies and captures data that has been added, updated or deleted and allows the changed data to be delivered in real time to processes, applications and databases, ensuring that continuous, accurate and trusted information is available for decision-making.

“Organizations need the ability to capture and use information in real-time to help them make better business decisions, better serve their customers and increase operational efficiencies,” said Ambuj Goyal, general manager, IBM Information Management. “The combination of DataMirror technology and IBM information management software will help customers bring real-time data analysis closer to actual business processes, allowing them to be more competitive and to generate more value from their information.”

“IBM’s global reach and industry leading integration solutions will rapidly expand the impact of DataMirror software,” said Nigel Stokes, chief executive officer and founder, DataMirror. “This transaction represents a validation of the hard work of the DataMirror team over the last ten years, and an opportunity for our customers to continue to leverage our unique solutions.”

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