January 23, 2008 / 3:05 PM / 11 years ago

IBM buying business software firm AptSoft

NEW YORK (Reuters) - IBM said on Wednesday it is buying privately held AptSoft Corp to expand its business event processing software portfolio.

Financial details of the transaction were not disclosed.

IBM, the world’s largest computer services company, said AptSoft’s technology helps businesses uncover the cause-and-effect relationships among seemingly disparate business events that occur in milliseconds.

IBM said Burlington, Massachusetts-based AptSoft will also help bolster IBM’s commitment to pursue the service oriented architecture (SOA) market and complement its existing SOA software and services.

Reporting by Yinka Adegoke, editing by Gerald E. McCormick

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