IBM Buys Austin-based Gravitant

gravitant-77514790-300x99IBM Tuesday announced that is has acquired Gravitant, a cloud-based software maker based in Austin.

The financial terms of the deal were not disclosed.

Gravitant provides cloud brokerage and management software for the hybrid cloud environment, delivered in a software as a service model. The company, founded in 2004, has raised a total of $40.3 million from three investors, according to its Crunchbase profile.

“The reality of enterprise IT is that it is many clouds with many characteristics, whether they be economic, capacity or security,” Martin Jetter, Senior Vice President, Global Technology Services, IBM, said in a news release. “Gravitant provides an innovative approach to add choice and simplicity to how enterprises can now manage their environments. It will be a key component as we broaden our hybrid cloud services.”

Gravitant will now become part of IBM’s Global Technology Services Unit. And IBM Cloud plans to offer Gravitant’s software as a service offerings.

“IBM is the leader in hybrid cloud and enterprise IT services and our technology will advance our clients’ experiences as well as bring new capabilities to IBM’s base,” Mohammed Farooq, Chairman and CEO, at Gravitant, said in a news release. “Together, we’ll be able to help more enterprises manage their expanding private and public cloud environments.”

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