ARMONK, NY - 05 Aug 2005: IBM announced it has completed the acquisition of PureEdge Solutions Inc., a privately held company based in Victoria, BC, Canada. Financial terms were not disclosed.
With this acquisition, IBM customers will have the ability to seamlessly integrate electronic forms (or e-forms) functionality into their collaborative solution. E-forms allow for the structured exchange of data -- such as inventory figures, customer data or pricing information -- between end users and back-end systems. The ability to exchange data in a structured, standardized format is critical in vertical industries like insurance, government, banking and healthcare. By providing greater efficiency and accuracy than paper forms, e-forms technology helps businesses and organizations more quickly and easily collaborate and share information, which can increase both individual and organizational productivity.
IBM's new e-form technology is based on Extensible Markup Language (XML), which provides a consistent format for the sharing of documents and transactions between different applications. Support for XML allows users to rapidly create, manage and exchange forms and documents within their business, as well as with their partners and customers. The XML format is one of the keys to helping customers become On Demand organizations, and IBM already supports XML across its portfolio of software products.
PureEdge was also an active supporter of the open industry standard for electronic form documents called XForms. XForms is a platform independent markup language for data capture and validation within electronic forms. While many forms vendors use proprietary forms technology and do not support XForms (creating vendor lock-in), IBM supports this open standard. XForms allows flexibility and choice and IBM intends to participate heavily in the development of this important standard by working with customers, standards bodies, open source community, partners, and industry verticals.
IBM will integrate newly-acquired e-forms into its portfolio of collaboration technology, including IBM® Workplace(TM), WebSphere® and Lotus® offerings. The acquisition also complements IBM's fast-growing content management business.
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