IBM buys Unica for $480 million

On a spending spree, Big Blue adds another software company to its arsenal, following the recent acquisitions of CoreMetrics and Sterling Commerce.

Larry Dignan

IBM said Friday it will buy Unica in a deal worth $480 million. Unica makes marketing automation software.

With the move, IBM adds another software company to its arsenal. IBM recently acquired CoreMetrics and Sterling Commerce for its analytics lineup. IBM has said it will spend $20 billion on acquisitions through 2015.

Under the terms of the deal, IBM will pay $21 per share in cash for Unica. Unica shares closed at $9.55 on Thursday. IBM said it will tap Unica's software to better target marketing efforts and predict consumer behavior.

Read more of "IBM buys Unica for $480 million" at ZDNet's Between the Lines.