IBM To Buy Vallent Corp.

IBM (NYSE: IBM) has agreed to acquire Vallent Corp., a Bellevue, Wash.-based supplier of network performance monitoring and service management software for wireless service providers. No financial terms were disclosed for the deal, which is expected to close next quarter. Vallent has raised over $83 million in VC funding since 1999, from firms like Ericsson Venture Partners, Investor AB, New Venture Partners, Origin Partners, Pequot Capital and Telesystem-Argo Global Capital. www.ibm.com www.vallent.com