IBM Announces Intention to Acquire Corio

This IDC Flash discusses IBM's recently announced intention to acquire Corio Inc. IDC believes this transaction is momentous because Corio was one of the original application service providers (ASPs), a group that now includes only one major independent player, USinternetworking (USi). With this announcement, Corio has joined BlueStar Solutions and Surebridge as ASPs recently acquired by services firms seeking to penetrate the midmarket with hosted application management offerings.