Arma Partners acted as the exclusive financial adviser to Butterfly Software, a privately held data analysis and migration software company headquartered in Maidenhead, UK, on its sale to International Business Machines.
Financial terms of the transaction were not disclosed. Butterfly will become part of IBM’s software group.
Butterfly offers storage planning software and storage migration tools, helping customers save storage space, operational time, IT budget and power consumption. IBM will use Butterfly to help clients find new ways to drive greater value from its storage software and hardware solutions.
