ASP - Friday, May 12, 2006
IBM's Next Buy: Maybe Israel's Sphera
IBM may acquire Israeli start-up Sphera. The startup which was founded in 1998 develops software for hosted applications on server farms. IBM is one of Sphera’s largest customers - it has a number of huge centers around the world, which host enterprise applications on farms with thousands of servers.
Sphera has raised $48M to date. Investors include Gemini Israel Funds, Jerusalem Venture Partners (JVP), Bank of America Equity Partners, CSK Venture Capital, Reuters Venture Capital, TLcom Capital Partners, and Vision Capital.
Sphera Control Panel
Read - IBM mulls buying Israeli start-up Sphera (Globes Online)
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