Wednsday IBM Corp. CFO
Mark Loughridge told Reuters that Big Blue likes the look of the current acquisition landscape. "If you look at the first half of last year, valuations were pretty stiff," he said. "Valuations are coming more in line. We think it's an environment with solid opportunities."
Comments
on valuation from IBM's CFO -- a pivotal
player in allocating capital for deals and assessing whether those
deals are paying off -- carry some weight. Loughridge also said that what IBM likes best are deals where it can scale intellectual property, as it is now doing in the $4.8 billion acquisition of business intelligence software provider Cognos Inc., which closed Jan. 31. Mohamad Ali, vice president of business development and strategy for
the information management division of IBM's software business, recently spoke
to Corporate Dealmaker's Ken Klee about
the integration of Cognos.
The activity is helping IBM's performance, as evidenced by the market-lifting 36%
boost in earnings also reported by the company Wednesday. -
Baz HiralalGo to the story from ReutersGo to the feature with Ali from The Deal newsweekly
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