Blue Blue, aka IBM has once again opened its wallet to acquire Toronto-based Platform Computing, weeks ago it acquired Algorithmics For $387 Million. Platform Computing management software helps clients create, integrate and manage shared computing environments that are used in resource-intensive applications such as simulations, computer modeling and analytics.
Platform Computing currently serves over 2,000 clients including 23 of the top 30 largest global enterprises. Example customers include CERN, Citigroup, Infineon, Pratt & Whitney, Red Bull Racing, Sanger Institute, Statoil and University of Tokyo. Financials of the deal were not disclosed.