IBM is looking for acquisitions to augment its current competencies, knowledge and products. These acquisitions, in the range of $100 million to $300 million, are rather small relative to the behemoth’s $100 billion turnover.
the company looks for deals that can augment products it already owns. For example, the statistical-analysis software company SPSS Inc., which IBM bought in 2009 for about $1.2 billion, complements the company’s 2007 acquisition of Cognos Inc., whose software creates executive “dashboards” for quickly perusing business data.
IBM has made a habit of using such acquisitions to gain capabilities –
The company has made almost 50 software acquisitions since 2006 in such areas as data analysis, e-commerce, supply-chain management and computer security
- IBM Acquisitions to Fuel Software Growth (businessweek.com)