IBM Completes acquisition of Vivisimo
IBM announced it has completed the acquisition of Vivisimo, a leading provider of federated discovery and navigation software that helps organizations access and analyze big data. Financial terms were not disclosed.
Vivisimo software automates the discovery of big data, regardless of its format or where it resides, providing decision makers with a federated view of key business information necessary to drive new initiatives. The combination of IBM and Vivisimo software accelerates IBM's big data initiatives to help clients analyze the volume, variety, and velocity of big data for strategic advantage.
IDC estimates the market for big data technology and services will grow at an annual rate of nearly 40 percent to reach $16.9 billion by 2015. IBM is uniquely positioned to address this opportunity with the industry's broadest portfolio of capabilities including software, hardware, services, and innovations developed by IBM Research such as stream computing and IBM's Watson system.
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