IBM Makes Second Risk-Management Analytics Acquisition This Week |
| Wall Street Journal - Sep 1, 2011 |
International Business Machines Corp. (IBM) made its second analytics-related acquisition for the week, with Big Blue seeking to expand its offerings for risk management for financial services and similar companies.
Analytics software, which helps companies sift through massive amounts of information to solve business problems or make predictions, has become a big focus area for technology companies. IBM rivals such as EMC Corp. (EMC) have made purchases in the sector, and Hewlett-Packard Co. (HPQ) last month said it was buying U.K. data-analytics firm Autonomy Corp. (AUTNY AU.LN) for more than $10 billion.
IBM has focused on analytic software for a while. Among the Armonk, N.Y., company's dozens of acquisitions over the past five years, IBM has spent over $14 billion on 26 analytics-related purchases. IBM expects the market for analytics to be over $200 billion by 2015, of which it sees getting about $16 billion.
The company said Thursday it was buying Toronto-based Algorithmics--a provider of risk analytics software and services to banks, investment and insurance businesses--for $387 million. That follows its planned purchase of U.K.-based crime and fraud prevention analytics provider i2 Group, announced Wednesday. It also bought OpenPages late last year to address operational risk.
Read Full Article from Wall Street Journal
- Posted: 2011-09-01 11:03:43
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