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IBM Buying i2

Financial terms with the investor group headed by Silver Lake Sumeru that owns i2 were not disclosed
By Maureen O'Gara
Article Rating:
September 5, 2011 04:45 PM EDT
Reads:
 2,878

IBM is buying yet another business analytics outfit. This time it's UK-based i2, which looks out for crime, fraud and security threats via unstructured Big Data.

Financial terms with the investor group headed by Silver Lake Sumeru that owns i2 were not disclosed.

I2's got 4,500 customers in 150 countries in banking, defense, health care, insurance, law enforcement, national security and retail including 12 of the top 20 retail banks globally and eight of the top 10 largest companies in the world.

IBM expects to join its real-time analytical solutions with i2's technologies.

The deal should close in Q4 and then i2 will be integrated into IBM's Software Group.

Published September 5, 2011 – Reads 2,878
Copyright © 2011 SYS-CON Media, Inc. — All Rights Reserved.
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Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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