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Vincent Padois, head tutor at the Pierre and Marie Curie University who teaches robotics and is babysitting the Paris ICub, makes a demonstration with ICub robot, a ?hybrid embodied cognitive system for a humanoid robot" about 1 metre (3.2 feet) high, at the Pierre and Marie Curie University in Paris September 4, 2009. Six versions of ICub exist in laboratories across Europe, where scientists are painstakingly tweaking its electronic brain to make it capable of learning, just like a human child and hoping it will learn how to adapt its behaviour to changing circumstances, offering new insights into the development of human consciousness. REUTERS/Philippe Wojazer

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    IBM buys database software firm Solid Information

    HELSINKI
    Fri Dec 21, 2007 2:19am EST

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    A view of the IBM facility outside Boulder, Colorado October 18, 2006. REUTERS/Rick Wilking

    HELSINKI (Reuters) - International Business Machines (IBM.N) Corp said on Friday it has agreed to buy in-memory database software provider Solid Information Technology from private owners for an undisclosed sum.

    Technology  |  Deals  |  Stocks  |  Mergers & Acquisitions  |  Private Capital

    Solid's largest owners were private equity firms Apax Partners APAX.UL and CapMan (CPMBV.HE).

    Solid is expected to have 2007 sales of around $14.4 million, Vesa Wallden, a member of Solid board told Reuters.

    IBM said the acquisition is expected to be closed in the first quarter of 2008.

    "IBM's acquisition of Solid Information Technology supports the company's growth strategy and capital allocation model, and it is expected to contribute to the achievement of the company's objective for earnings-per-share growth through 2010," IBM said in a statement.

    (Reporting by Tarmo Virki and Sakari Suoninen; Editing by Paul Bolding)
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