IBM has named Elias Mendoza to oversee mergers and acquisitions. Mendoza will report to Chief Financial Officer Mark Loughridge. Earlier this year, IBM pursued an acquisition of Sun Microsystems. The bid, worth about $7 billion, failed when the two disagreed on the price. Oracle later agreed to acquire Sun for about $7.4 billion. IBM has made more than 50 acquisitions since Chief Executive Officer Sam Palmisano took the reins in 2002. Most of those deals, including the $4.5 billion purchase of Cognos, have built the company’s software portfolio. The company is focusing on analytics software, which combs data to help companies predict trends, and smart grids, which use censors to monitor infrastructure like utilities and traffic.
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