MERGERS & ACQUISITIONS

IBM acquires Israeli cloud firm

IBM has reached an agreement to acquire Computing Solutions Leaders in a move meant to deepen its cloud capabilities.

Computing Solutions Leaders, an Israel-based firm, is a leading provider of virtualization management technology for IBM's zEnterprise system, and the acquisition will strengthen IBM, allowing the company to offer simplified management of the virtualization environment, according to The Algemeiner.

The firm's CSL-WAVE software enables companies to monitor and manage their z/VM and Linux on System z environments using a powerful interface, The Algemeiner reported.

This is the second cloud-related acquisition IBM has made since the beginning of June when it announced it was buying SoftLayer Technologies for $400 million.

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