IBM to buy Is­raeli dig­i­tal firm EZSource

Jerusalem Post - - BUSINESS & FINANCE - • Globes cor­re­spon­dent

IBM is to ac­quire Is­raeli app-dis­cov­ery com­pany EZSource to help devel­op­ers mod­ern­ize main­frame ap­pli­ca­tions for dig­i­tal busi­ness. Fi­nan­cial terms of the deal were not dis­closed.

EZSource was founded in 2003 and has of­fices in Modi’in, the US, the UK, Switzer­land, Ja­pan and Ro­ma­nia. The com­pany was founded by CEO Eran Tirer, CTO Omer Caspi and chair­man Reu­ven Agassi, the fa­ther of Shai Agassi.

EZSource has helped clients, in­clud­ing ma­jor fi­nan­cial in­sti­tu­tions, man­u­fac­tur­ers, global trans­porta­tion com­pa­nies and soft­ware ven­dors, safely mod­ify ap­pli­ca­tions to en­able their dig­i­tal trans­for­ma­tion.

IBM, which has made 13 other ac­qui­si­tions of Is­raeli com­pa­nies since 1998, said the planned pur­chase is ex­pected to close in the sec­ond quar­ter.

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