IBM Buys HTML5 App Development Company WorkLight For $70M To Expand Mobile Enterprise Services

IBM just announced the purchase of WorkLight, an Israeli startup that provides a mobile app development and infrastructure software. IBM says the acquisition will help expand the enterprise mobile capabilities it offers to clients. Financial terms were not disclosed but we've heard that the acquisition price is around $70 million. WorkLight, which has raised $18 million in funding, allows organizations develop and deliver HTML5, hybrid and native applications with, and deliver these applications with mobile middleware, security features and integrated data management and analytics. Worklight dramatically reduces time to market, cost and complexity while enabling better customer and employee user experiences across more devices.

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