Curam is taken over by giant IBM
Published 06/12/2011 | 05:00
CURAM Software, an Irish technology company with sales of €80m has been snapped up by global software giant IBM.
Curam was founded in 1990 by former Apple Computers executive John Hearne and ex- social welfare officer Ronan Rooney.
It specialises in creating and managing software systems for government agencies. These allow service providers to oversee benefits paid by different agencies to the same people.
Curam has 80 clients across the world and offices in India, Australia and Germany as well as Ireland. Sales last year reached just under €80m, down from €90m in 2009. Profits were €7m, down from more than €20m in 2009, according to accounts filed in Dublin.
Curam employs 700 people, mostly in Ireland at its Campus in Citywest in Dublin. The wage bill stood at €46m in 2010.
IBM is adding Curam to its Smarter Cities unit, part of its Software Group. Smarter Cities already has an operation in Dublin, where IBM opened its first Smarter Cities Technology Centre at its IBM R&D lab.
A spokesman for IBM said that it was too early to say what impact the merger would have on job numbers in Ireland.