IBM Corp. is reorganizing its Global Services business, replacing John Joyce as the group's head with a pair of executives. Joyce, 51, who spent 30 years at IBM and once served as the company's chief financial officer, is leaving IBM to join private technology investment firm Silver Lake Partners.
Security consulting company Unisys Inc. will purchase the identity management business of Massachusetts company ePresence Inc. for US $ 11.5 million in cash, the companies announced Thursday.
Commerce One Inc. joined the chorus of B2B software vendors warning about weak financial results, disclosing on Tuesday that an expected first-quarter loss will now likely be three times larger than previously predicted because of a shortfall in revenue.