Dec 20, 2005 : IBM Buys Web Tools Firm Bowstreet


📅 - IBM (ibm.com) announced on Tuesday that it had acquired Bowstreet, a developer of Web-based tools and technology that help enterprises create portals that integrate business applications.


Bowstreet's technology enables companies to bring together corporate applications, documents, databases and other enterprise information into a single, integrated portal application, without any significant technical skills. IBM says the technology will help increase collaboration and organizational productivity and facilitate faster portal application building.

According to IBM, the deal will help further its strategy of pushing service-oriented architecture, a standards-based framework that allows customers, partners and suppliers to more easily integrate data and applications.

"We believe the combination of Bowstreet, Rational and IBM WebSphere Portal offer the best in market capability for building and running composite applications," says says Mike Rhodin, general manager of IBM's workplace, portal and collaboration business. "The combination of Bowstreet and WebSphere Portal provides customers with a simple way to blend assorted data and information into a single application, allowing customers to more quickly react to changing business needs and market events, help lower their IT maintenance costs, and more easily tailor business processes to meet their needs."

Financial terms of the deal were not disclosed.

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