IBM Acquires Rembo Technology
US based tech giants IBM (International Business Machines) has announced its decision to acquire Rembo Technology, a privately held Swiss software company.
The financial details of this deal were not revealed. Rembo is based in Geneva, Switzerland and they specialize in developing software that helps businesses automate the process of upgrading or install operating systems on servers or computers.
Rembo has an extensive client base of 800 customers, which include some big names like City of Munich and the International Committee of the Red Cross.
The deal is expected to be complete by the second quarter of the current year and IBM would be integrating Rembo operations with their Tivoli software division, led by Al Zollar.
The products would now be integrated in the IBM’s Virtualization Engine portfolio of software, hardware and services and the technology would be integrated in IBM Director software.