“IBM on Thursday will announce the opening of a technology
center geared to lure financial services companies to servers using
the Linux operating system.“IBM initially will fund the center in Manhattan with $1
million, helping financial services companies move their software
to Linux computers, the company said. Though the company didn’t
disclose how many employees will work in the center, other IBM
facilities for helping customers and companies develop their
software typically have 12 to 50 employees.“Big Blue, whose Linux customers include more than 40 financial
services companies, is among a host of companies using Linux to try
to steal business from Sun Microsystems, which has long enjoyed
strong sales to brokerages. Intel and Reuters on Wednesday
broadened an alliance signed in May with Hewlett-Packard to advance
a Linux version of its server software for exchanging financial
information. The broader alliance includes more marketing and joint
development work.
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