Deals done this past week


6 Feb 2012

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An overview of the week in deals in the Irish and global technology sector.

IBM to acquire Worklight

Technology giant IBM has entered into a definitive agreement to acquire mobile software provider Worklight in an effort to expand the enterprise mobile capabilities IBM offers to clients. Financial terms of the deal have not been disclosed.

Worklight is a privately held, Israeli-based provider of mobile software for smartphones and tablets. With this acquisition, IBM’s mobile offerings will span mobile application development, integration, security and management.

Worklight will become part of IBM’s mobility strategy, offering clients an open platform that helps speed the delivery of existing and new mobile applications to multiple devices. It also helps enable secure connections between smartphone and tablet applications with enterprise IT systems.

The deal is expected to close in 1Q12. Worklight will sit within IBM’s Software Group.

Cylon Active Energy wins cloud contract in US

Irish firm Cylon Active Energy has secured its first US contract following an Enterprise Ireland trade mission. The company will apply its cloud-based, real-time energy management technology to Raleigh Convention Center in North Carolina.

Cylon Active Energy itself is the energy management division of Cylon Group, an Irish provider of energy management services.

Via the new contract with the Raleigh Convention Center, Cylon will centrally monitor and analyse the energy consumption of the centre remotely from its Dublin-based ‘Energy Bureau’ in Clonshaugh.

Movidius allies with Toshiba to develop 3D system for smartphones

Dublin mobile multimedia processor company Movidius has signed a major deal with Japanese consumer electronics giant Toshiba to develop a high-resolution 3D system for high-end smartphones.

Movidius’ MA1178 has been combined with Toshiba’s 8 Megapixel EDOF (extended depth of field) cameras to enable 3D camera module manufacturers to deliver a compelling 3D imaging solution, ideally suited to top of the range smartphones.

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