[772] in comp.os.os2.announce archive
PR: IBM to Acquire Object Technology International Inc
daemon@ATHENA.MIT.EDU (tsipple@VNET.IBM.COM)
Sun Mar 3 22:08:39 1996
To: os2ann.DISCUSS@bloom-picayune.MIT.EDU
Date: 3 Mar 1996 15:17:08 GMT
From: tsipple@VNET.IBM.COM
Reply-To: tsipple@VNET.IBM.COM
Reply-To: http://www.oti.com
Submitted by: Timothy F. Sipples
Source: IBM
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TORONTO, ONTARIO, February 22, 1996 . . . IBM today announced that it will
acquire Object Technology International Inc. (OTI), a leading developer of
object-oriented software technology. OTI, based in Ottawa, Canada, will
become a subsidiary of IBM Canada. Financial details of the transaction were
not disclosed. As in the past, OTI will continue to involve its alliance
partners in its ongoing research and development initiatives.
The acquisition of OTI will accelerate IBM's ability to develop and deliver
open, advanced object-oriented products and technologies to customers around
the world. Object-oriented technology makes the development and delivery of
software applications easier, faster and more cost-effective. Using OTI's
object-oriented Smalltalk technology, IBM's VisualAge* family of products
helps customers reduce their development cycle and improve programmer
productivity and quality. Smalltalk and object-oriented technologies are also
key for companies who are building network-enabled applications and
components.
"Timely development and delivery of applications are major concerns of our
customers, particularly with the emerging role of distributed applications for
the Internet and internal networks," said John M. Thompson, IBM senior vice
president and software group executive. "The innovative, cross-platform
technologies developed by OTI will play a key role in helping customers
leverage their application development resources for competitive advantage.
"IBM has been a technology partner with OTI for some time. OTI's Smalltalk
technology has been a key component in our award-winning VisualAge products,"
continued Thompson. "We are delighted to have OTI join the IBM development
team."
David A. Thomas, president and CEO of OTI, commented, "OTI has had a
long-standing and successful business relationship with IBM. IBM's investment
in OTI strongly reflects its commitment to making Smalltalk a leading
object-oriented technology for application development. Together, we have an
opportunity to provide our customers with exciting new technology solutions
that will increase their productivity and dramatically improve the quality of
their products and applications. OTI is very pleased about the prospect of
joining the IBM team."
Khalil Barsoum, president and CEO of IBM Canada Ltd., said, "OTI is a proven
leader in developing object-oriented technology for a range of environments,
including PCs, UNIX** systems and mainframes. Our strengths are complementary
and will result in opportunities for new object-oriented solutions for our
customers worldwide. We look forward to working with OTI as a member of the
IBM Canada team."
OTI will operate as a subsidiary of IBM Canada Ltd., reporting to John
Swainson, vice president of Application Development Solutions for IBM's
Software Solutions Division and director of the IBM Canada Ltd. Laboratory.
OTI employs 110 people. OTI's portfolio of software components, tools,
technologies and processes enables its alliance partners to develop and deploy
innovative, leading-edge object-oriented systems and products. OTI's
technology portfolio includes Smalltalk language technology, the
ENVY**/Developer component development environment, embedded systems
environment, and distributed computing.
For Internet users, IBM offers complete information about the company, its
products, services and technology on the World Wide Web. The IBM home page is
accessible via http://www.ibm.com. The fastest and easiest way to get
information about IBM software is to go to the IBM software home page at
http://www.software.ibm.com. Information on OTI can be found at
http://www.oti.com.
* Indicates trademark or registered trademark of International
Business Machines Corporation.
** Indicates trademark or registered trademark of their
respective holders.
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