IBM Completes Acquisition of Star
IBM recently announced it
has completed the acquisition of the software portfolio of Star Analytics,
Inc., a privately held business analytics company headquartered in Redwood City, California. Financial
terms were not disclosed.
The combination of IBM and
Star Analytics’ software will further advance IBM's business analytics
initiatives allowing clients to easily access financial information stored in
their applications, allowing them to make more informed decisions faster.
Star Analytics software
addresses a rising challenge for organizations -- helping to automatically
integrate essential information, reporting applications and business analytics
tools across their enterprises, on premise or from cloud computing
environments. The software removes typical custom coding for specialized
sources that are hard to maintain, and eliminates manual processes that are
cumbersome and time consuming.
"Applying analytics to
a wide range of data requires organizations to democratize and speed sharing of
critical information across an enterprise," said Les Rechan, IBM General
Manager, Business Analytics. "Star Analytics’ software advances IBM’s
efforts to deliver analytics that span all data sources directly into the hands
of front line employees, and delivers a comprehensive approach to helping
clients uncover new, untapped growth opportunities.”
Star Analytics’ software,
combined with IBM's R&D and prior acquisitions in business analytics
including Varicent, Algorithmics, Clarity Systems, OpenPages and Cognos, and
recent investments in predictive analytics such as SPSS, will provide clients
with a broad range of business analytics solutions. These acquisitions are
part of IBM's larger focus on analytics, which spans hardware, software,
services and research.
The news supports IBM's
long-term growth strategy to expand the company’s business analytics and
optimization software and services capabilities, an area of IBM's business that
is expected to reach $20 billion in revenue by 2015.
IBM has established one of
the world’s deepest portfolios of analytics and big data technologies and
industry expertise, including almost 9,000 dedicated business analytics and
optimization consultants, and 400 researchers. Nearly 500 of the patents
from IBM’s record breaking 20th year of innovation will serve as the building
blocks for future analytics innovations that can help businesses and
governments unlock the power of big data.
With the closing of this
acquisition, it is expected that all Star Analytics employees will join IBM's
Please read the entire press release here