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Thursday, 01 May 2008 07:47

IBM buys out InfoDyne

Written by David Stellmack

Image

Software vendor of market trading data


IBM has announced that it has acquired InfoDyne Corporation, a privately held software maker whose software crunches market trading data sources and puts it into a standardized form for use in the trading industry. InfoDyne’s technology will be put under IBM’s WebSphere brand.

"This is really a big play for us in the low-latency space," said Tom Rosamilia, the General Manager of IBM WebSphere. "InfoDyne has been a leader in this space, both with its platform and connections to data feeds out there."  InfoDyne’s software helps analyze real-time data and make buying and selling decisions.

The terms of the deal were not available, but this is IBM’s 69th corporate acquisition since 2003.

Last modified on Thursday, 01 May 2008 18:06

David Stellmack

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