Izzi Software Expands into IBM Power Ecosystem with Acquisition of CNX Corporation

International Business Machines Corporation (NYSE:IBM) is one of the best US stocks to buy and hold in 2025. On July 7, Izzi Software announced its acquisition of Chicago-based CNX Corporation. CNX Corporation specializes in accelerating app development for users of IBM Power Systems. The acquisition marks Izzi Software’s entry into the IBM Power ecosystem.

IBM Power Systems are high-performance server computers built by IBM to handle demanding workloads like big data and AI. The company had previously launched in 2024 and focused on the IBM Z sphere with the acquisition of ColeSoft, which is a Virginia-based company that debugs tools for IBM mainframes.

As part of the acquisition, Izzi Software plans to expand the CNX team to support existing and future customers and help them maximize the value of their investment in the Valence framework. Izzi Software was founded by M&A experts and is led by a team with deep expertise in both IBM Power and IBM Z environments. The company is owned by Big Band Software, which has a record of acquiring and operating growing and profitable B2B SaaS businesses with ARR ranging from $2 to $10 million.

International Business Machines Corporation (NYSE:IBM) provides integrated solutions and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It’s more commonly known as IBM.

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Disclosure: None. This article is originally published at Insider Monkey.