IBM Sells Database Mgmt System to UNICOM; Corry Hong Comments

acquisitionIBM Corp. (NYSE: IBM) has sold its relational database management system to UNICOM Systems for an undisclosed amount.

UNICOM bought the solidDB in-memory system and its Universal Cache feature, UNICOM said Tuesday.

The company intends for the acquisition to grow UNICOM’s strategic information technology offerings for customers and partners.

“We appreciate IBM’s confidence in our ability to effectuate such a complex global transaction, and will once again collaborate with IBM to ensure a smooth transition for our customers, ” said Corry Hong, president and CEO of UNICOM.

The solidDB development team will move to UNICOM’s planned research and development laboratory in Helsinki, Finland, and IBM will provide certain transition services as part of the acquisition agreement.

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