Mergers and Acquistions News
Categories: Software
September 1st 2011, 12:45PM
IBM has announced its investment in intelligence analytics firm i2.
The software giant neglected to release the financial details of the deal, although it stated that the acquisition would help its clients in both the public and private sectors.
Based in Cambridge, i2 provides analytics for fraud and crime prevention and IBM believes the move will enable it to "accelerate" its business initiatives.
Furthermore, it will extend the company's leadership in the market by helping its customers use data to mitigate threats.
Craig Hayman, general manager of industry solutions at IBM, said: "The combined capabilities of IBM and i2 will help customers uncover patterns and trends that will allow them to more effectively protect the privacy and safety of citizens, businesses and governments."
In the US, IBM has also announced its acquisition of risk analytics company Algorithmics for the sum of $387 million (£238 million).
It is hoped the purchase will enable the company to extend its operations in the financial services industry.
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