International Business Machines (IBM) Acquires UrbanCode ...

(By Balachander) International Business Machines Corp. (NYSE: IBM) has acquired UrbanCode Inc., which helps businesses quickly deliver mobile, social, big data and cloud software.

Financial terms of the acquisition were not disclosed.

"With UrbanCode's technology, businesses can reduce the cycle time it takes to get updates or new applications into market, from months to minutes," IBM said.

By combining UrbanCode software with the IBM Worklight technology, businesses can now author and deploy an application for any mobile device in hours, versus a previous multi-day timeline, the company noted.?

UrbanCode claims its DevOps toolchain enables organizations to deliver to production faster, more often, and with fewer errors. UrbanCode's thousands of users from organizations including Wells Fargo, Fidelity, Walmart, Disney, and Expedia, benefit from integrated best practices consulting, deployment, and training services.

Founded in 1996, UrbanCode is headquartered in Cleveland, Ohio

IBM shares traded 1.10% lower at $187.91 on Monday.

Source: http://www.istockanalyst.com/finance/story/6395671/international-business-machines-ibm-acquires-urbancode

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