The European Union's competition watchdog has decided to end its antitrust investigation of International Business Machines (IBM) after accepting a series of concessions by IBM, according to reports. IBM agreed to provide spare parts and technical information to other companies that will make it easier for the competition to perform mainframe hardware and software maintenance.
"I am pleased that we could find a swift solution with IBM to our competition concerns. Timely interventions are crucial in fast-moving technology markets," EU Competition Commissioner Joaquin Almunia said in a statement, according to Reuters .
IBM also appeared happy with the resolution and is looking forward to putting the matter behind it.
"IBM welcomes this final resolution of the inquiry into certain IBM mainframe maintenance practices and is pleased that the Commission's investigation of the IBM mainframe is now concluded," IBM said in a statement.
European regulators began investigating IBM's mainframe practices last year and was to decide if it was legal to block rival companies from providing for-profit maintenance services on its mainframes. In September of this year, IBM made the above mentioned concessions that prompted the Commission to end its probe and send everyone on their merry way.