Irvine-based Integrien Corp., a maker of software for online transactions, is set to be acquired by Palo Alto’s VMware Inc., a leader in virtualization software.
VMware said on Tuesday 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 tech news website socaltech.com pegged the Integrien deal at about $102 million, citing “sources close to Integrien.”
Both acquisitions are expected to close in the current quarter.
Integrien’s software helps online businesses monitor their 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—including locals Western Digital Corp. and QLogic Corp.
The Business Journal estimates Integrien has raised nearly $40 million in venture funding to date.
Its investors include the Irvine-based investment group Tech Coast Angels, 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 it saw sales grow 140% in 2009 and that the company inked “a number of seven-figure deals with Fortune 100 companies.”
Earlier this year, the company added Orange County 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. Rugani is executive vice president of sales and field operations.
It’s unclear if VMware is set to keep Integrien’s Irvine operations. Calls to representatives from both companies weren’t immediately returned.
VMware sees around $2 billion in yearly sales and had a recent market value of $32 billion.
