IBM Completes Acquisition of Systemcorp

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ARMONK, NY - 19 Nov 2004: IBM has completed its acquisition of Systemcorp A.L.G. Limited, a privately held company based in Montreal, Canada.

IBM announced a definitive agreement to acquire Systemcorp on October 12, 2004. Systemcorp's operations will be integrated into IBM's Rational software development business, and its products are expected to be available from IBM within 30 days.

Systemcorp is a leading provider of Project Portfolio Management (PPM) software that can provide organizations with a comprehensive view of IT projects across the enterprise. By adding PPM capabilities to the IBM Software Development Platform, and complementing it with the enterprise transformation expertise of IBM Global Services (IGS), IBM will help organizations manage their IT investments more effectively.

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