IBM to buy Meteorix

IBM logoBig Blue said it will buy a company called Meteorix which specialises in Workday, which is a set of cloud applications for finance and personnel management.

Bridget van Kralingen, senior VP at IBM global business services, said the acquisition will make IBM one of the leading Workday service providers in the world.

Sam Spector, CEO of Mateorix said that his company’s rapid growth was down to its strong focus on customers. He said that combining the capabilities of the two companies will mean customers can use the analytics of IBM and its own experience in providing Workday applications.

IBM did not say how much it will pay for Meteorix or when the acquisition will be completed. It also did nt say whether the unit will function autonomously or whether it will be absorbed into the IBM global services unit.

The company was only started in 2011 with most of its customer base in the USA and Canada.