IBM Buys Data Integration Software Vendor

InfoDyne, based in Park Ridge, Ill., and its 14 employees -- including CEO Guy Tagliavia -- will become part of IBM's WebSphere organization, said Tom Rosamilia, general manager of IBM WedSphere, in a teleconference Tuesday. The acquisition is IBM's 69th since the beginning of 2003.

InfoDyne's software is used to provide "low-latency" data integration between transaction processing systems, electronic trading applications and data sources used by stockbrokers, commodity traders and hedge funds. Rapid growth of electronic trading has led to huge increases in the number of transactions and the volumes of data processed by such systems. "We've seen an explosion of this type of data in recent years," Rosamilia said.

"We think [InfoDyne] complements what we already have in this space," Rosamilia said on the conference call. InfoDyne's software complements a number of IBM's WebSphere data integration and delivery systems, including WebSphere Front Office for Financial Markets, WebSphere MQ Low Latency and WebSphere DataPower appliances.

IBM said the InfoDyne acquisition further supports the company's strategy of building a broad portfolio of software products for high-speed data integration and delivery. In January IBM bought AptSoft, now part of the WebSphere Business Events line, that supports event processing and business applications such as algorithmic trading.