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IBM buys Bowstreet in business software expansion

Posted by inet - 2005-12-21

IBM, the world's biggest computer company, said on Tuesday it bought privately-held Bowstreet Inc. to make it easier for business customers to gather and view business information from different sources.
Terms of the transaction weren't disclosed. Bowstreet of Tewksbury, Massachusetts, has about 75 employees and counts drugmaker Bayer AG and chemical maker DuPont Co. among its customers.

The acquisition is an expansion of International Business Machines Corp.'s business of enabling customers to gather computer information such as databases, electronic documents and financial applications and bringing them together under a single, easily-accessible framework.

The technology, called service-oriented architecture, makes it easier for businesses to quickly find information stored in different formats and digital "silos."

Bowstreet makes a computer "portal" or Internet viewer that allows users to call up and see information processed by middleware software such as IBM's Websphere Application Server, said Ken Bisconti, vice president of product management for IBM's software division, in an interview.

IBM, of Armonk, New York, has been working with Bowstreet for about five years, Bisconti said.

IBM said customers using Bowstreet's technology combined with IBM's software have been able to build portal applications between two and 12 times faster than when using other tools.

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