IBM to Acquire Israel Based Application Discovery Company EZSource
EZSource provides a visual dashboard to quickly and easily show developers which applications have changed to ease the process of modernizing applications, exposing APIs and more efficiently leveraging development resources.
IBM has announced that it plans to acquire EZSource, an Israel-based application discovery company, to help developers quickly and easily understand and change mainframe code based on data displayed on a dashboard and other visualizations. Today’s applications can be made up of millions of lines of code, and to update this code can take days or weeks. EZSource provides a visual dashboard to quickly and easily show developers which applications have changed to ease the process of modernizing applications, exposing APIs and more efficiently leveraging development resources. The planned acquisition is expected to close in the second quarter of 2016.
Financial terms of the deal were not disclosed. IBM has made 13 other acquisitions of Israeli companies since 1998. The company’s last acquisition in Israel was Trusteer in 2013, for which it paid more than $600 million.
As organizations embrace a digital transformation and enter the API economy, connecting business-critical applications running on mainframes with mobile and cloud applications to better engage with customers is essential. The planned acquisition of EZSource will help clients find new ways to modernize and update applications on the system that is the backbone of the global economy.
EZSource was founded in 2003 and has offices in Israel, the United States, UK, Switzerland, Japan and Romania. Its clients include ING Life, Maybank and 7-Eleven.
For more than a decade, EZSource has helped clients, including major financial institutions, manufacturers, global transportation companies and software vendors safely modify applications to enable their digital transformation. As clients embrace APIs, hybrid cloud and mobility, EZSource’s technology can enable enhancements in application and skills utilization, allowing enterprises to fully optimize their IT infrastructure for the modern business era.
“IBM’s long-term commitment to delivering enterprise infrastructure solutions has underpinned our success over the past decade in helping mainframe users generate more value from their applications,” said Eran Tirer, CEO, EZSource. “Our focused technology combined with IBM’s global reach will help more clients than ever optimize the value of their enterprise systems.”