Armonk, N.Y.—IBM Corp. announced Monday it has agreed to acquire Ascential Software, a publicly held data integration software company based in Westboro, Mass., in an all-cash transaction worth about $1.1 billion.
The acquisition is subject to Ascential Software shareholder and regulatory approvals. The deal is expected to close in the second quarter.
IBM said the acquisition is in line with its on-demand business strategy and will strengthen its information integration business, which includes WebSphere, IBM’s Information Integrator product. Ascential Software’s revenue rose 46% last year to $271.9 million.
IBM said it will establish Ascential Software’s operations as a business unit within IBM’s Information Management software division led by General Manager Janet Perna.