IBM announced that it is acquiring the Israeli application discovery firm EZSource. Financial terms of the deal were not disclosed.
Founded in 2003, EZSource is known for its visual dashboard product that helps developers modernize mission-critical mainframe applications. The company has offices in Israel, the U.K., the U.S., Switzerland, Japan and Romania and a current client roster that includes ING Life, Maybank and 7-Eleven.
Using advanced analytics, the EZSource dashboard alerts developers to the number of sections of code that are in need of an update, which makes the entire update process more efficient and secure, IBM said.
Big Blue plans to add EZSource's technology to its API management solutions, including z/OS Connect and IBM API. The end goal is to help developers bridge the gap between mainframe systems and newer mobile, cloud, social and cognitive workloads, IBM said.
"The mainframe is the backbone of today's businesses. As clients drive their digital transformation, they are seeking the innovation and business value from new applications while leveraging their existing assets and processes," said Ross A. Mauri, general manager for IBM z Systems, in a statement. "By adding EZSource's technology to our enterprise DevOps and API management offerings, we are making it easier and faster for developers to modernize key applications that previously were manually intensive and many times required specialized skills."
The acquisition continues an already busy M&A week in the tech sector. Yesterday, customer experience and marketing cloud provider Marketo was acquired by private equity firm Vista Equity Partners in a deal valued at about $1.79 billion.
Then earlier this morning, cloud behemoth Salesforce announced plans to acquire Demandware for $2.8 billion in a deal designed to expand the firm's reach in the e-commerce market. Shortly after, IT management services company ServiceNow said it was acquiring cybersecurity startup BrightPoint Security.
As for IBM, the company's last acquisition in Israel was for Trusteer, which it bought more than $600 million in 2013.