IBM today announced a definitive agreement to acquire the software portfolio of Star Analytics Inc., a privately held business analytics company headquartered in Redwood City, California. Financial terms were not disclosed.
IBM will incorporate Star Analytics software into IBM's business analytics initiatives. Star Analytics software targets the integration of information, reporting applications and business intelligence tools across enterprises, on premise or from cloud computing environments. The software removes typical custom coding for specialized sources that are hard to maintain. 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," said Leslie J Rechan, General Manager, IBM Business Analytics.
"Star Analytics software allows organizations to move critical analytics source data at will and use it regardless of which application they need to use it with, providing both flexibility and accessibility," said Quinlan Eddy , CEO, Star Analytics.
The acquisition is subject to customary closing conditions and is expected to be completed in the first quarter of 2013.
February 01, 2013
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