IBM (NYSE:IBM) has signed a definitive agreement to purchase privately held, virtual management provider CSL International, IBM announced today. The acquisition of Israel-based CSL International comes on the heels of yesterday's announcement that IBM had finalized its purchase of cloud infrastructure company SoftLayer Technologies.
According to IBM, CSL International's solutions will be integrated with its existing zEnterprise System, a mainframe platform to help enterprises "reshape the IT experience for their customers." Dallas-based SoftLayer will become a part of IBM's new cloud services division and be offered in conjunction with IBM's SmartCloud product suite. The SoftLayer deal was announced June 4.
Regarding the CSL International deal, Greg Lotko, IBM business line executive, System z, commented, "As clients create smarter computing environments, they are looking for ways to manage IT costs and complexity without sacrificing security or the ability to scale."
James Comfort, cloud services division General Manager for IBM, said of the SoftLayer closing, "With SoftLayer in IBM's portfolio, it will be easier and faster for organizations to adopt game-changing cloud services."
Financial terms were not disclosed for either transaction. The acquisition of CSL is expected to close in the third quarter.
Fool contributor Tim Brugger has no position in any stocks mentioned. The Motley Fool owns shares of International Business Machines.. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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