IBM announced today its purchase of North Austin-based Gravitant, whose cloud-based software allows companies to broker other software across hybrid clouds to maximize computing efficiency across public and private networks.
Financial details of the deal were not disclosed.
Chairman and CEO Mohammed Farooq said the deal will be good for his company’s clients.
“IBM is the leader in hybrid cloud and enterprise IT services,” he said in a statement. “Our technology will bring new capabilities to IBM’s base and help more enterprises manage their expanding private and public cloud environments.”
The acquisition is the latest move in the race among major enterprise IT providers toward a focus on SaaS and cloud computing as demand for desktop hardware wanes.
IBM’s senior vice president of global technology services, Martin Jetter, said Gravitant’s key offering is enabling businesses to manage a multitude of cloud environments with characteristics varying in capacity and security.
“Gravitant provides an innovative approach to add choice and simplicity to how enterprises can now manage their environments,” Jetter said in a statement. “It will be a key component as we broaden our hybrid cloud services.”
Gravitant was founded in 2004 and has dev ops in Pune and Bangalore, India.
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