IBM Buys What’s Left of Informix
M. Reed - May 2, 2001

Event Summary

IBM (NYSE:IBM) and Informix Corporation (NASDAQ: IFMX) announced that they have entered into a definitive agreement for IBM to acquire the assets of Informix Software (the database portion of Informix Corporation, which remained after the spin-off of Informix Business Solutions into Ascential Software), in a cash transaction valued at $1 billion. IBM feels that the acquisition strengthens their presence in the fast-growing distributed database business, a key strategic priority for IBM. IBM's distributed database revenues grew 36% year-to-year in the first quarter of 2001...