IBM elected Frank Baker, co-founder and managing partner of Siris Capital Group, to its board of directors effective October 1. Siris has deployed more than $9 billion in equity capital across technology and telecom companies. Baker brings private equity and M&A experience from Goldman Sachs and Ripplewood.

One free account opens every story complete, the live board, the 30-day calendar, a watchlist and breaking alerts on your phone. No card. The wire stays free to read.