January 31, 2012
Worklight Has Been Acquired by IBM
About Worklight
- Worklight, a privately-held company, was a leading provider of mobile application platforms and tools for smartphones and tablets
- The company’s solution enabled organizations to develop, run and manage rich applications for a variety of mobile platforms, including iOS, Android, BlackBerry and Windows
- Headquartered in Israel, Worklight had approximately 30 employees
- Founded in 2006, Worklight was backed by Genesis Partners, Index Ventures, Pitango Venture Capital and Shlomo Kramer
About IBM
- IBM Corporation (NYSE: IBM) is a global diversified information technology firm
- One of the largest technology firms in the world, IBM provides IT hardware and software as well as infrastructure, hosting and consulting services
- IBM’s Websphere products provide application and infrastructure middleware to link together fragmented data and business processes
- At the time of the acquisition, IBM employed approximately 425,000 people in over 200 countries worldwide
- The company is headquartered in Armonk, New York
Sell-Side Investors
- Genesis Partners
- Index Ventures
- Pitango Venture Capital
Sector
- Infrastructure
Subsector
- DevOps and Software Development Tools
“The Worklight announcement is a critical piece to IBM providing a true MEAP (mobile enterprise application platform) solution that it has sorely missed over the years … This is particularly important as large vendors step up their investment and development of mobile enterprise solutions.”
Stephen Drake IDC
Transaction Notes
- The acquisition of Worklight by IBM was announced on January 31, 2012; financial terms were not disclosed
- “Our clients are under increased pressure to meet the growing demands of a workforce and customer base that now treat mobility as mission critical to their business. With the acquisition of Worklight, IBM is well-positioned to help clients become smarter mobile enterprises reaching new markets.” – Marie Wieck (GM of IBM Application & Infrastructure Middleware)
- Worklight’s technology to develop, run and manage cross-platform mobile applications will become an important piece of IBM’s mobility strategy, providing clients a platform that helps speed the delivery of applications to mobile devices – Worklight’s technology allows developers to create applications that can run across multiple mobile operating systems without having to translate for each environment
- Worklight’s technology will extend Websphere functionality to mobile devices, and provide an integration point to back-end systems
- Shea & Company served as the exclusive financial advisor to Worklight’s Board of Directors and management
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