VALCHEMY

As of September 2006, Valchemy, Inc. was acquired by International Business Machines Corp. Valchemy, Inc. provides on-demand enterprise application software solutions for mergers and acquisitions. It offers an online application that enables deal participants to track and share merger and acquisition activities and documents. The company serves the semiconductor, software, aerospace, finance, manufacturing, medical products, and consumer products industries. Valchemy, Inc. was formerly known as MAE Software, Inc. The company was founded in 2001 and is headquartered in San Mateo, California with additional offices in North America.