IBM buys Infodyne

Data cruncher acquired

IBM has scooped up Infodyne, a privately held maker of software that quickly crunches hundreds of market data sources together into a standardised form for the trading industry.

"This is really a big play for us in the low-latency space," says Tom Rosamilia, general manager of IBM WebSphere. "InfoDyne has been in a leader in this space, both with its platform and connections to data feeds out there."

InfoDyne's technology will be moved under IBM's WebSphere brand.

Rosamilia declined to comment on the size of the InfoDyne deal or its potential impact on IBM's bottom line.

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