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7 August 2007 IBM buys Princeton SoftechSA MathiesonIBM is buying privately-held US data management and privacy firm Princeton Softech, with the intention of adding it to its information management software division, it said on 6 August (press release). The value of the transaction, which must still be approved by shareholders and regulators, was not released. Dave Stark, Princeton Softech’s regional vice-president for northern Europe, said the firm’s Optim product will be retained. “We’ve spoken to about 50 of our 100 licensed customers, and I can honestly say the reaction has been really positive,” he said on 7 August. Stark said that Optim will remain vendor-agnostic, with support for database software from IBM, but also Oracle, Sybase and Microsoft’s SQL. He said that customers should benefit from IBM’s ownership, as a result of further research and development, and a much broader group of service providers and support staff. Optim, which handles structured data, will fit well with IBM products which manage unstructured data, he added. The purchase joins other recent transactions involving IT security vendors, including Google’s purchase of Postini and PatchLink’s of SecureWave. IBM was recently named by Datamonitor as one of three companies likely to become primary suppliers of IT security. IT security spending to exceed $20bn by 2010 (25 July 2007) Google buys Postini to sell infosecurity as a service (10 July 2007) PatchLink to acquire SecureWave (22 June 2007)
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