IBM to Acquire MRO Software for $740M
IBM has agreed to acquire MRO Software Inc., Bedford, MA, for $740 million in cash.
MRO Software has produced double-digit growth since the company reported revenues of $199.2 million for the fiscal year ending Sept. 30, 2005.
MRO Software is a provider of asset and service management software and consulting used to manage how companies buy, maintain and retire assets such as production equipment, facilities, transportation and information technology hardware and software in many industries, including utilities, manufacturing, energy, pharmaceutical and telecommunications.
IBM's acquisition of MRO will provide its customers a ...