IBM Acquires CIMS Lab, Inc.

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January 27th, 2006 Leave a comment Visited 19 times, 1 so far today

IBM Acquires CIMS Lab, Inc.

IBM today announced it has acquired CIMS Lab, Inc., a privately held software company based in Roseville, California. Financial details were not disclosed. CIMS Lab is a leading provider of software that helps businesses track the usage of computing resources across virtualized technology environments — such as servers, storage, email, networks, databases, applications and operating systems. The software gathers raw data about information technology (IT) resource usage and converts it into organized financial information that can help companies more easily understand how their technology resources are being consumed across a virtualized infrastructure consisting of many platforms and systems.

An accurate view of software and hardware usage helps organizations determine how computing virtualized resources are being used, what that usage costs, and how much departments should be charged. For example, a bank may have several different businesses — commercial loans, mortgage branch, retail banking — that share software applications and storage devices. CIMS Lab’s software provides information that helps the bank to determine how much usage should be billed back to each department, which helps to better allocate future IT spending.

Read the complete Press Release





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