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IBM ships update to Tivoli Identity Manager software (InfoWorld via Yahoo! News) - IBM on Wednesday released the 5.0 version of its Tivoli Identity Manager (TIM) software, in what the company called the product's first major update in more than 2.5 years.

BMC Software Director Exercises Options (AP via Yahoo! Finance) - A director of BMC Software Inc., which makes software to manage information technology systems, exercised options for 190,000 shares of common stock, according to a Securities and Exchange Commission filing Tuesday.

QuadraMed to provide software for veterans medical centers (bizjournals.com via Yahoo! Finance) - QuadraMed Corp. said it received a $21.8 million task order from the Department of Veterans Affairs to provide software that will be used to train employees at the agency's medical centers nationwide.

Rocket Software to Buy NetManage (AP via Yahoo! Finance) - Software company NetManage Inc. on Wednesday said it agreed to be acquired by Rocket Software Inc., a private company, for $69 million.

Smooth Sailing for Software Stocks (BusinessWeek) - S&P likes the Systems Software subindustry's stock-price momentum and positive fundamental outlook. Among its top picks: Microsoft and Oracle

Defense Group releases new CoBRA software (UPI) - Virginia-based Defense Group Inc. announced the release of a new version of its military first responder decision-support resource CoBRA software.

Rocket Software to buy NetManage for $69M (bizjournals.com via Yahoo! Finance) - Rocket Software Inc. will acquire corporate business applications software developer NetManage Inc. for about $69 million, the companies said Wednesday.

Sony Ericsson Sell of UIQ Software OK'd (AP via Yahoo! Finance) - Mobile phone maker Sony Ericsson won European Union backing Wednesday to sell a 50 percent stake of software developer UI Holdings BV to rival Motorola Inc.

IBM Strengthens Security with New Identity Management Software (ebizQ.net) - IBM (NYSE: IBM) today further bolstered its risk management portfolio with the announcement of new security software designed to help clients manage user access to sensitive company information and simplify the process of compliance management. ebizQ ...

IBM ships update to Tivoli Identity Manager software (InfoWorld) (Addict 3D) - InfoWorld - IBM on Wednesday released the 5.0 version of its Tivoli Identity Manager (TIM) software, in what the company called the product's first major update in more than 2.5 years.