IBM To Buy Tealeaf For An Undisclosed Amount

Posted on May 3 2012 - 7:51am by Editorial Staff

Reuters reports that IBM had agreed to buy Tealeaf Technology. Tealeaf, which was founded in 1999 and is an independent spin-off of SAP, offers software that improves websites and will be integrated into IBM’s software business. The financial details regarding the deal not disclosed, while it is expected to close in the second quarter of this year. An IBM spokesman said the company hopes to address company marketing officers with Tealeaf’s software and as a result open up new revenue streams.

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