IBM acquires software testing automator Green Hat, with joint headquarters in the UK and Wilmington

Tom Paine

IBM announced last week it had closed on the acquisition of Green Hat, which it announced a week earlier. It is the first acquisition under new IBM CEO Ginni Rometty. IBM says Green Hat has joint headquarters in London and Wilmington. Its Delaware presence grew out of its acquisition of Solstice Software in 2008.

Green Hat, which was founded in 1996, helps customers automate aspects of software testing and quality control by enabling developers to conduct testing in a virtual environment rather than having to build out physical testing labs. Green Hat makes testing solutions for complex, often service oriented systems relying on the Cloud, Web Services, messaging, SOA (Service Oriented Architecture), ESB (Enterprise Service Bus), BPM (Business Process Management), CEP (Complex Event Processing), and SAP.

Green Hat will operate as part of IBM's Rational Software business; it was already a Rational business partner. The company has 45 employees, the majority of which are in the UK, but the IBM acquisition certainly could increase the possibility of more growth in Delaware. Terms have not been disclosed. IBM says it intends to maintain Green Hat's broad focus rather than making it a more narrow tool for its own proprietary products.

Solstice, which also was founded in 1996 as Class IQ , received an investment of $3.8 million in 2003
from Core Capital Partners and Anthem Capital Management.


Daily Links 1/17/2012: CliqSearch raises $840,000, releases Beta

Former First Round Capital VC Charlie O’Donnell Launches New Brooklyn-Based Venture Firm (TechCrunch)

Good Luck Charlie (Redeye VC)

Comcast and Verizon Wireless join forces, test combo deal (GeekWire)

Comcast raising cable rates twice in 10-month period (Boston Globe)

How good were SAP's 2011 results? (Dennis Howlett/ZDNet Blogs)

Amazon to Launch Cloud Search Service, Possibly Tomorrow (PandoDaily)

How cloud decentralizes our world (in a good way) (Rick Nucci/Dell Boomi Blog)

Taleo Selects Dell Boomi to Integrate Customer Data in World’s Largest Talent Management Cloud (Business Wire)

DreamIt Ventures Launches First Israel-U.S. Accelerator (TechCrunch)

Philly-based CliqSearch Releases New Social Search App In Beta, Raises $840,000 (TechCrunch)

Ben Franklin (Northeastern PA) to Invest $315,582 in PA Technology Companies (Marketwire)

Health IT company with cancer treatment tool rebrands for expansion (Med City News)

Emtec, Inc. Enters into New $45 Million Credit Facility Raises Additional $3 Million in Mezzanine Financing (Business Wire)

Identropy Raises $4 Million in Series A Funding
Financing Led by Milestone Venture Partners and Osage Venture Partners