IBM Buys 'Bubble Baby' CrossWorlds

Another baby of the bubble has been bought up.

Integration software firm CrossWorlds Software(CWLD Quote), which gained dubious attention when current chairman and then-CEO Katrina Garnett posed for ads in glossy biz mags wearing a low-cut cocktail dress, will get bought by IBM(IBM Quote) for the oh-so-low price of $129 million.

Over the past 12 months, CrossWorld has had a net loss of $13 million on $80.6 million in revenues. Considering those numbers, IBM picked up the company for just 1.6 times trailing 12-month revenues. ...