Privately held Candle, based in El Segundo, Calif., said it has more than 3,000 customer worldwide and employs about 800 people. The deal is expected to close during the current quarter of the year. Financial terms were not disclosed.
The Candle acquisition "highlights the growing importance of IT management in IBM's broader On Demand initiative," Dwight Davis, analyst for Summit Strategies, said.
The goal of IBM's initiative is to synchronize underlying IT infrastructure with the shifting business requirements of a company, Davis said.
"The real linchpin for it all falls into the management sphere," he said. "That's because you need to track the status of all your systems and also track the business processes that are running on them, and prioritize those processes, so you can make sure the appropriate IT resources are devoted to your top priority business needs."
Although Candle is one of a string of acquisitions since 2001, analysts do not expect IBM to stop here.
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