13 September 2002 Software giant IBM has
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acquired business process management software vendor Holosofx. The company’s technology will compliment the CrossWorlds integration software, acquired in January 2002, and WebSphereMQ messaging software, previously known as MQSeries.
The financial details of the deal were not disclosed.
Holosofx will immediately be integrated with the IBM Software Group. The company’s software is already closely integrated with IBM’s WebSphere Business Integration platform, which includes the WebSphere application server, CrossWorlds integration software and WebSphereMQ messaging software.
The purchase of Holosofx is the latest in a string of software acquisitions by IBM during 2002. In January, IBM bought enterprise application integration (EAI) software vendor CrossWorlds for $129 million (€131.5m) in cash; in June, IBM bought directory integration specialist Metamerge for an undisclosed sum.
Earlier in September, IBM acquired provisioning management software vendor Access360.
Holosofx was founded in 1989 by Egyptian entrepreneur Hassan S. Khorshid. Although it has headquarters to El Segundo, California, research and development is carried out in Cairo in Egypt. The company sold its first software packages in 1994.
Like many current business process management (BPM) software vendors, Holosofx originally focused on Workflow software, but shifted to exploit the new, related opportunity offered by BPM. However, Holosofx was billing its products as “Complete Business Process Software” as long ago as 1997 – long before the BPM became fashionable.
Holosofx customers include investment bank Morgan Stanley Dean Witter, car maker Toyota and Australian telecoms operator Telstra.
