Worklight Has Been Acquired by IBM

Worklight Profile

  • Worklight, a privately-held company, was a leading provider of mobile application platforms and tools for smartphones and tablets
  • The company’s solution enabled organizations to develop, run and manage rich applications for a variety of mobile platforms, including iOS, Android, BlackBerry and Windows
  • Headquartered in Israel, Worklight had approximately 30 employees
  • Founded in 2006, Worklight was backed by Genesis Partners, Index Ventures, Pitango Venture Capital and Shlomo Kramer

IBM Profile

  • IBM Corporation (NYSE: IBM) is a global diversified information technology firm
  • One of the largest technology firms in the world, IBM provides IT hardware and software as well as infrastructure, hosting and consulting services
  • IBM’s Websphere products provide application and infrastructure middleware to link together fragmented data and business processes
  • At the time of the acquisition, IBM employed approximately 425,000 people in over 200 countries worldwide
  • The company is headquartered in Armonk, New York

Transaction Notes

  • The acquisition of Worklight by IBM was announced on January 31, 2012; financial terms were not disclosed
  • “Our clients are under increased pressure to meet the growing demands of a workforce and customer base that now treat mobility as mission critical to their business.  With the acquisition of Worklight, IBM is well-positioned to help clients become smarter mobile enterprises reaching new markets.” – Marie Wieck (GM of IBM Application & Infrastructure Middleware)
  • Worklight's technology to develop, run and manage cross-platform mobile applications will become an important piece of IBM's mobility strategy, providing clients a platform that helps speed the delivery of applications to mobile devices – Worklight’s technology allows developers to create applications that can run across multiple mobile operating systems without having to translate for each environment
  • Worklight’s technology will extend Websphere functionality to mobile devices, and provide an integration point to back-end systems
  • “The Worklight announcement is a critical piece to IBM providing a true MEAP (mobile enterprise application platform) solution that it has sorely missed over the years … This is particularly important as large vendors step up their investment and development of mobile enterprise solutions.” – Stephen Drake (IDC)
  • Shea & Company served as the exclusive financial advisor to Worklight's Board of Directors and management
Financial terms not disclosed
has been acquired by
Shea & Company served as the exclusive financial advisor to Worklight's Board of Directors and management