Friday, Micromuse announced its acquisition of Quallaby Corporation.  Both are companies that specialize in providing management software for converged IP networks. 

"We are impressed with Quallaby's unique approach to data aggregation and correlation, which enables both realtime and trended performance analysis to be conducted reliably within the world's largest networked infrastructures," said Dr. Craig Farrell, Micromuse's Chief Technology Officer.

The importance of this is that companies depending on Quallaby software include British Telcom, Telia Sonera, TELUS, France Telecom and Telecom New Zealand.  The deal should be a boon for Micromuse, though their own customer base is a whos-who of the telecom industry including Cable & Wireless, Deutsche Telekom, EarthLink, ITCDeltaCom, J.P. Morgan Chase, MCI, T-Mobile and Verizon.

You can read the full release HERE