IBM said on Friday it has <A HREF="http://www.eweek.com/article2/0,1759,2238910,00.asp?kc=EWRSS03119TX1K0000594">agreed to buy in-memory database software provider Solid Information Technology</A> from private owners for an undisclosed sum. Solid's largest owners were private equity firms Apax Partners APAX.UL and CapMan.

Solid is expected to have 2007 sales of around $14.4 million, Vesa Wallden, a member of Solid board told Reuters. IBM said the acquisition is expected to be closed in the first quarter of 2008.