IBM announced a definitive agreement to acquire the software portfolio of Star Analytics, a privately held business-analytics company headquartered in Redwood City, California. Financial terms of the transaction, expected to close during the first quarter, were not disclosed.
Combining Star Analytics’ software with its own solutions will advance IBM’s business-analytics initiatives, the buyer company said. Star Analytics software addresses a rising challenge for organizations — helping to automatically integrate essential information, reporting applications and business intelligence tools across their enterprises, on premise or from cloud computing environments.
The software removes typical custom coding for specialized sources that is hard to maintain, according to IBM. It also eliminates manual processes that are cumbersome and time consuming.
“IBM sees an enormous opportunity for our clients to apply Star Analytics to the information they have stored in their financial applications,” Leslie Rechan, general manager of IBM Business Analytics, said. “And to then easily access it within their IBM performance management and business intelligence solutions.”
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IBM already has a massive analytics and big-data operation, including almost 9,000 dedicated business analytics and optimization consultants and 400 researchers. The company has nearly 500 patents it says will serve as the building blocks for future analytics innovations.