[Breaking story]—IBM today said it signed a definitive agreement to acquire business process management (BPM) specialist Lombardi Software. Austin, Tex.-based Lombardi is the maker of Teamwork, a best-of-breed BPM Management suite. The companies did not disclose financial terms .
Analysis service Gartner positions Lombardi as a leader in the area of business process management suites, marking its software as easy-to-use by both business users and IT professionals. At the time of the announcement, an IBM representative positioned Lombardi's software as a strong departmental offering that would in effect complement IBM's own established enterprise BPM tools.
Lombardi fills out IBM's portfolio in a key area, said Craig Hayman, general manager, IBM Application and Integration Middleware.
Lombardi was founded in 2000, and takes its name from Vince Lombardi— famed Green Bay Packer coach and namesake of the NFL's Lombardi Trophy—whose football theories have at times been applied in business strategy discussions. Lombardi Software is said to have 200 employees and to have about 300 "enterprise" customers. A large portion of those customers are said to be shared with IBM.
Lombardi would represent IBM's eighth acquisition this year. Among companies IBM moved to purchase in 2009 are statistical analysis software provider SPSS, analytics and optimization provider RedPill Solutions, database security vendor Guardium, and assets data discovery software vendor Exeros. If it passes regulatory hurdles, this would be IBM's ninetieth acquisition since 2003.
More to come.