IBM annonced they bought privately held company Meiosys on June 23rd 2005.
I had the opportunity to work two years for this French based startup, working on checkpoint/restart for HPC and Fault Tolerance. I could work with very different but all talented people both in Toulouse, France and Palo Alto, California. Meiosys core technologies cover High Performance Computing, Utility Computing and Fault Tolerance, so it is quite obviously a good match with Big Blue business.
All my previous French co workers are now IBM employees, and though the financial terms of the acquisition were not disclosed, I hope they also enjoy their $tock option$ 
IBM plans to integrate Meiosys technology into its products by the second half of this year, and it will be very interested to see what they will achieve together.
Congratulations and good luck to everyone !
Here is a link to IBM's press release.