Irvine-based Integrien Corp., a maker of software for online transactions, is being acquired by Palo Alto’s VMware Inc., a leader in virtualization software that allows different operating systems to run on a single computer.
VMware said earlier this month it agreed to buy Integrien and Los Gatos-based TriCipher Inc., a maker of identity and access management software, for undisclosed terms.
A report on technology news website Socaltech.com pegged the Integrien deal at $102 million, citing “sources close to Integrien.”
Integrien Chief Executive Dale Quayle declined to comment on the value of the deal.
The acquisitions are expected to close in the current quarter.
Integrien’s software helps online businesses monitor online transactions. The software is used to keep tabs on e-commerce, stock trading and other programs that are costly if they fail.
The software crunches data and tells technology workers when to pay attention and what to pay attention to in order to head off problems.
It targets customers in healthcare, banking, payment processing and online retail. Local customers include Western Digital Corp. and QLogic Corp.
The Business Journal estimates Integrien has raised nearly $40 million in venture funding. Investors include Tech Coast Angels, a group of investors in Orange and Los Angeles counties, Menlo Park-based Clearstone Venture Management Services, Missouri’s Acartha Group LLC and the venture arm of St. Louis-based Mariner Private Equity LLC.
The company’s founders have a couple of recently granted patents under their belts.
Privately held Integrien doesn’t disclose financials. It said sales grew 140% in 2009 and that the company inked “a number of seven-figure deals with Fortune 100 companies.”
Earlier this year, the company added local software veteran Lee Roberts to its board.
Roberts is former chief executive at Costa Mesa’s FileNet Corp., which was bought by IBM Corp. for $1.5 billion in 2006.
Integrien snagged another former FileNet executive, Phil Rugani, shortly after the IBM acquisition. Rugani is executive vice president of sales and field operations.
VMware is set to keep Integrien’s Irvine operation, which has some 30 workers, and fold it into VMware’s systems management division, according to Quayle.
He’s set to stay onboard as a VMware vice president.
Mazda Marvasti, a founder of Integrien will stay on as the top local official at the unit.
VMware sees about $2 billion in yearly sales and had a recent market value of $32 billion. The company’s software allows computers running different operating systems—such as Linux, or those from Microsoft Corp.—to be controlled from a single computer.
The acquisitions are part of a recent wave of deals as software makers look to bolster their share of the market for cloud computing, where programs and data are stored remotely instead of on a company’s own computers.
Western Dig Director
Lake Forest’s Western Digital, the top maker of disk drives for computers, servers and consumer electronics, recently added a director to its board.
Len J. Lauer, chief executive at Rancho Bernardo-based Memjet Labels Inc., a color printing technology company, joins Western Digital’s board.
He’s set to serve on the board until Western Digital’s annual shareholder meeting in November, when he’ll face an election for a full term.
Prior to joining Memjet in January, Lauer was executive vice president and chief operating officer of San Diego chipmaker Qualcomm Inc.
Lauer also is a director of Memjet and Kansas City-based H&R Block Inc.
With his appointment, Western Digital has 11 directors, including 10 who are independent.
Directors include two former Western Digital chief executives, Matt Massengill and Arif Shakeel, as well as current Chief Executive John Coyne.
Bits and Pieces
AT&T Inc. said last week it activated eight 3G cell phone sites in Southern California, including one in San Juan Capistrano. The company has been investing millions in its network to support heftier Internet traffic with Apple Inc.’s iPhone and other smartphones … Irvine-based Blizzard Entertainment Inc., part of Santa Monica’s Activision Blizzard Inc., shattered sales records with its July release of “StarCraft II: Wings of Liberty.” The game sold more than 3 million copies worldwide in the first month of its release, making it the bestselling PC game of 2010 and the fastest-selling real-time strategy game of all time, the company said. “It’s been gratifying to see how strongly the global community has already embraced the game,” Blizzard Chief Executive Mike Morhaime said in a statement … Worldwide chip revenue for 2010 is forecast to reach $300 billion, a 32% rise from 2009, according to the latest outlook by Connecticut-based market researcher Gartner Inc. Gartner’s analysts see chip revenue coming in at $314 billion in 2011, up 5% from 2010.
