Initially created as a subsidiary of Sterling Software in 1995. Became a separate company in 1996. Specialized in business-to-business applications and managed file transfer for many different platforms.
Acquired by SBC Communications (which later was acquired by AT&T in 2005) in 2000 for $3.9 billion.
Acquired by IBM from AT&T in 2010 for $1.4 billion.
Entry last updated: 25-Jan-2013