Connect with us

Hi, what are you looking for?

Jewish Business News

Business

IBM acquires Israeli CSL International for about $20 million

CSL-WAVE 3.2 first web frame (2)

/By Ilan Shavit /

IBM Corp. (NYSE: IBM) has announced its intent to acquire Herzliya-based CSL International, a leading virtualization management solution provider for IBM z/VM and Linux on System z.  Financial terms were not disclosed but market sources believe IBM is paying about $20 million.

According to the announcement the strategic investment in the System z portfolio deepens its consolidation and cloud capabilities by offering simplified management of the Virtualization environment.

CSL International’s CSL-WAVE software provides drag and drop simplicity to instantly create, discover, visualize and connect virtual servers to resources allowing clients to free up more skilled staff to address other business challenges.

The software enables companies to monitor and manage their z/VM and Linux on System z environments using a powerful and easy-to-use interface.

The zEnterprise System enables clients to host the workloads of thousands of commodity servers on a single system for simplification, improved security and cost reduction. The combination of IBM and CSL International technologies will allow clients to manage all aspects of z/VM and Linux on System z virtualization, including CPU, memory, storage, and network resources.

IBM said that the acquisition is expected to close in the third quarter of 2013, subject to the satisfaction of customary closing conditions and applicable regulatory reviews. CSL International has eight employees.

 

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Newsletter

Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

empty

The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

Business

Now Platika joins and elite club of $10 billion plus Israeli firms.

Advertisement
cialis