IBM is acquiring yet another Canadian software maker with a deal for DWL Inc. for an undisclosed amount. This is the second Canadian acquisition by IBM in the past month - it bought Victoria-based PureEdge Solutions Inc. last month - and the fifth in the past three years. DWL, which employs 148 people, makes software that provides busineses with information about customers and sales prospects. From a bigger picture perspective, IBM has obviously discovered there's good technology at attractive prices to be found north of the border. According to the Profit Magazine 100, DWL had revenue in the year ended June 30, 2004 of US$14.3-million.
For more information about the deal, here's a story in the National Post as well as this posting on JavaLobby.