Some Recent Cloud Computing Acquisitions – I

Some Recent Cloud Computing Acquisitions – I

This is the second in a continuing series on cloud computing acquisitions. You can read the first one in the series here:  Some Recent Cloud Computing Acquisitions. This article covers two recent acquisitions.

IBM – Platform Computing

IBM seems to be on an acquisition spree as far as cloud computing is concerned. After DemandTec in December (See: Some Recent Cloud Computing Acquisitions) and Green Hat in January (See: How Does the Green Hat Acquisition Help IBM’s Cloud Strategy? ), Ontario-based Platform Computing ( became the latest company to enter the IBM fold, also in January. Financial details were not disclosed, although it is likely much less than the $440 million Big Blue paid for DemandTec.

This deal was a long time in the making, with IBM having announced in October last year the signing of a definitive agreement to acquire the privately-held provider of cluster, grid and cloud management software for distributed computing environments. The company boasts of more than 2,000 clients, including 23 of the top 30 largest global enterprises, who use its products to create, integrate and manage shared computing environments that are used in high performance computing (HPC) applications such as simulations, computer modeling and analytics. Post acquisition, Platform Computing will become part of IBM’s Systems and Technology Group.

The acquisition of Platform Computing will help accelerate IBM’s growth in smarter computing, a key initiative in IBM’s Smarter Planet strategy, by extending the reach of our HPC offerings into the high growth segment of technical computing. Our intent is to enable clients to uncover insights from growing volumes of data so they can take actions that optimize business results,” said Helene Armitage, general manager of IBM Systems Software.

Symantec – LiveOffice

Information security leader Symantec Corp. recently announced the acquisition of privately-held cloud-based archiving company LiveOffice ( for $115 million. Symantec intends to integrate LiveOffice in its information governance unit, thereby closing the gap between its storage and eDiscovery units. LiveOffice had earlier partnered with Symantec in hosting its Enterprise Vault cloud.

What were once disparate issues – information management, eDiscovery, and data security—are rapidly coming together due to the explosion of electronically stored information and the on-premise and cloud-based technologies that deliver and disseminate it. Organizations are increasingly demanding that these issues be addressed in a unified way through information governance. As a market leader for storage, eDiscovery and security, Symantec continues to enhance its offerings and deepen its commitment to provide the most comprehensive intelligent information governance solutions,” said Brian Dye, vice president, Information Intelligence Group, Symantec Corp.

Symantec, the largest security software maker in the world and owner of the popular Norton brand, is not the only security firm looking to the cloud to expand its business; McAfee, now a part of Intel, is also looking in this direction (See: Can McAfee’s New Security Updates Assuage Cloud Computing Fears?). Symantec’s growing role in cloud computing can be beneficial to the industry battling with information security concerns.

By Sourya Biswas


Sourya Biswas is a former risk analyst who has worked with several financial organizations of international repute, besides being a freelance journalist with several articles published online. After 6 years of work, he has decided to pursue further studies at the University of Notre Dame, where he has completed his MBA. He holds a Bachelors in Engineering from the Indian Institute of Information Technology. He is also a member of high-IQ organizations Mensa and Triple Nine Society and has been a prolific writer to CloudTweaks over the years...

One Response to Some Recent Cloud Computing Acquisitions – I

Join Our Newsletter

Receive updates each week on news, tips, events, comics and much more...

Advertising Programs

Click To Find Out!

Sponsored Posts

Sponsored Posts

CloudTweaks has enjoyed a great relationship with many businesses, influencers and readers over the years, and it is one that we are interested in continuing. When we meet up with prospective clients, our intent is to establish a more solid relationship in which our clients invest in a campaign that consists of a number of


Top Viral Impact

Cloud Infographic: Cloud Computing Growth

Cloud Infographic: Cloud Computing Growth

An excellent infographic provided by AwesomeCloud which predicts a continued high level of growth in the cloud computing industry. Potentially staggering numbers for Public Cloud IT Services of $100 Billion by 2016. Infographic Source: AwesomeCloud About Latest Posts souryaSourya Biswas is a former risk analyst who has worked with several financial organizations of international repute, besides being a

Cloud Infographic – Cloud Computing And SMEs

Cloud Infographic – Cloud Computing And SMEs

Cloud Infographic – Cloud Computing And SMEs SMEs (Small/Medium Sized Enterprises) make up the bulk of businesses today. Most cloud based applications created today are geared toward the SME market. Accounting, Storage, Backup services are just a few of them. According to the European Commission, cloud based technology could help 80% of organisations reduce costs by

Can I Contribute To CloudTweaks?

Yes, much of our focus in 2015 will be on working with other influencers in a collaborative manner. If you're a technology influencer looking to collaborate long term with CloudTweaks – a globally recognized leader in cloud computing information – drop us an email with “tech influencer” in the subject line.

Please review the guidelines before applying.


Top Research Assets

HP OpenStack® Technology Breaking the Enterprise Barrier

HP OpenStack® Technology Breaking the Enterprise Barrier

Explore how cloud computing is a solution to the problems facing data centers today and highlights the cutting-edge technology (including OpenStack cloud computing) that HP is bringing to the current stage. If you are a CTO, data center administrator, systems architect, or an IT professional looking for an enterprise-grade, hybrid delivery cloud computing solution that’s open,

Public Cloud Flexibility, Private Cloud Security

Public Cloud Flexibility, Private Cloud Security

Public Cloud Flexibility, Private Cloud Security Cloud applications are a priority for every business – the technology is flexible, easy-to-use, and offers compelling economic benefits to the enterprise. The challenge is that cloud applications increase the potential for corporate data to leak, raising compliance and security concerns for IT. A primary security concern facing organizations moving