IBM Buys Daeja Image Systems - Analyst Blog
25 September 2013 - 1:05AM
Zacks
International Business Machines (IBM) recently
announced its acquisition of privately-held Daeja Image Systems
Ltd. The flagship product of Daeja’s “ViewONE Pro” has the
capability to display documents in different formats, consisting of
TIF, BMP, JPG, GIF, PDF, Excel and PNG. Moreover, ViewONE’s caching
capabilities can ensure exceptionally large files can be easily
viewed.
By using Daeja’s flagship solution ViewOne Pro, users can open
and view documents and images in different file formats, even if
the native application is not present on their devices, Daeja’s
software also enables viewing of large documents such as medical
X-rays, CAD files or photos of automobile accidents offered in
various formats.
This acquisition would be especially helpful for IBM, as ViewONE
Pro has often been used in combination with IBM FileNet, OpenText
and OpenText Vignette, EMC Documentum, as well as Oracle
Stellent.
IBM has resorted to acquisitions time and again to gain access
to new technology. This strategy has helped IBM to enhance its
product portfolio, which ultimately helps in generating incremental
revenues, strengthening its technology leadership and resulting in
a more favorable mix of business.
In Aug 2013, IBM strengthened its position in the IT security
market with the acquisition of Trusteer. The acquisition cost IBM
around $700.0 million to $1.0 billion. With this acquisition the
company strengthened its solutions offering capability related to
financial frauds and other cyber attacks. The takeover helped the
company strengthen its technical capability of IBM’s security labs
well.
IBM’s strategy of acquiring companies that can be easily
integrated into its current business has helped it to expand its
product portfolio to higher-growth segments, such as business
analytics, IT security, cloud computing and software. The
acquisitions have also increased its scale of operations
globally.
In fiscal 2012, IBM completed 11 acquisitions for an aggregate
cost of $3.96 billion. IBM plans to spend approximately $20.0
billion on acquisitions though 2015, which is expected to boost
top-line growth by approximately 2.0%. We believe that IBM will
continue to pursue strategic acquisitions to boost its product
portfolio, going forward.
However, IBM is expected to face tough competition from the
likes of Oracle Corp. (ORCL),
Hewlett-Packard Co. (HPQ) and Microsoft
Corp. (MSFT), in the near term.
Currently, IBM has a Zacks Rank #3 (Hold).
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