International Business Machines Corp. or IBM (IBM: Quote) announced a definitive agreement to acquire privately-held Vivisimo, a provider of federated discovery and navigation software based in Pittsburgh, Pennsylvania. Financial terms were not disclosed. This combination of IBM's big data analytics capabilities with Vivisimo software would further improve IBM's efforts to automate the flow of data into business analytics applications, helping clients better understand consumer behavior, manage customer churn and network performance, detect fraud in real-time, and perform data-intensive marketing campaigns, the company added.
Vivisimo has over 140 customers in industries such as government, life sciences, manufacturing, electronics, consumer goods and financial services. Clients include Airbus, U.S. Air Force, Social Security Administration, Defense Intelligence Agency, U.S. Navy, Procter & Gamble, Bupa, and LexisNexis among others. Following the deal closure, nearly 120 Vivisimo employees would join IBM's Software Group. IBM would incorporate Vivisimo technology into its big data platform.
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by RTT Staff Writer
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