IBM Corp. has bought Irvine’s Viacore Inc. for undisclosed terms, the companies said Wednesday.
Viacore is a well-funded company that offers software and services for supply chain Web sites. Companies use Viacore’s offerings to work with suppliers and track inventory and parts.
The company has worked with IBM to integrate supply chain Web sites. The company has had “a collaborative sales and marketing relationship” with Big Blue, Viacore Chief Executive Fadi Chehad & #233; said in a statement.
Viacore counts an estimated $15 million in yearly sales and about 30 workers. The company landed more than $40 million in venture funding back in 2001 from Dell Inc., Hewlett-Packard Co. and Intel Corp.
The company’s customers include Cisco Systems Inc. and Gap Inc.
The buy is the second in recent years for IBM in Orange County. In 2002, the company paid an estimated $200 million for Irvine’s Access360 Inc., a maker of software for accessing data on corporate networks.
