IBM Nabs Another Application Vendor

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IBM Nabs Another Application Vendor
L. Talarico - August 31, 2000

Event Summary

International Business Machines Corporation. (NYSE: IBM) recently entered into a global strategic alliance with Vignette (NASDAQ: VIGN), a developer of e-businesses applications including CRM software. Under the agreement Vignette will closely integrate the V/5 E-business Applications suite with IBM's WebSphere Commerce Suite and Application Server. As part of the agreement Vignette promises to sell an undisclosed percentage of V/5 applications with IBM products, and IBM agrees not to develop business applications that directly compete with Vignette. IBM will perform the installations through IBM Global Services...

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