IBM Buys HTML5 App Development Company WorkLight For $70M To Expand Mobile Enterprise Services

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IBM just announced the purchase of WorkLight, an Israeli startup that provides a mobile app development and infrastructure software. IBM says the acquisition will help expand the enterprise mobile capabilities it offers to clients. Financial terms were not disclosed but we’ve heard that the acquisition price is around $70 million, according to Israeli publication Calcalist.

WorkLight, which has raised $18 million in funding, allows organizations develop and deliver HTML5, hybrid and native applications with, and deliver these applications with mobile middleware, security features and integrated data management and analytics. Worklight dramatically reduces time to market, cost and complexity while enabling better customer and employee user experiences across more devices.

Worklight’s customers range in terms of sector and include companies in financial services, retail and healthcare. For example, a bank can create a single application that offers features to enable its customers to securely connect to their account, pay bills and manage their investments, regardless of the device they are using.

IBM says that Worklight will become an “important piece of IBM’s mobility strategy,” offering clients a development platform that helps speed the delivery of existing and new mobile applications to multiple devices and ensures secure connections between smartphone and tablet applications with enterprise IT systems.

IBM’s goal is to provide an end-to-end solution that allows enterprises to build and connect mobile apps, manage security on these apps and devices, provide analytics for mobile data, and more. In addition to Worklight, IBM today is also unveiling IBM Endpoint Manager for Mobile Devices, a new software system that will enable corporate users to manage and secure their mobile devices these applications are running on.

The acquisition of Worklight is expected to close in the first quarter of 2012. Worklight will sit within IBM’s Software Group.