IBM today announced the completion of its acquisition of Corio, seven weeks after reaching a definitive agreement to purchase the California-based automated application management company.
According to Big Blue, the acquisition strengthens its application services portfolio by adding Corio's technologies designed to facilitate rapid application deployment and automated application management for clients.
The firm added that the buy out also aims to beef up its application services capabilities for clients using business software from Ariba, Epiphany, Oracle, PeopleSoft, SAP and Siebel.
"As enterprise applications become more complex and costly to manage, we see growing demand for application services," said Jim Corgel, general manager for small and mid-sized business at IBM Global Services.
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