logo
Share SHARE
FONT-SIZE Plus   Neg

IBM To Buy Vivisimo For Undisclosed Terms - Quick Facts

International Business Machines Corp. or IBM (IBM) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The Justice Department has initiated a probe to find out if airlines are colluding to limit seating capacity in order to benefit from higher airfares. Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud has pledged to give away his entire wealth amounting to $32 billion for charity. He said the fund will be utilized for cultural understanding, develop communities, empower women, enable youth, provide vital disaster relief and create a more tolerant and accepting world. Toyota accepted the resignation of its Chief Communications Officer Julie Hamp, following her arrest in Japan for allegedly mailing banned painkillers to her address in Japan from U.S.
comments powered by Disqus
RELATED NEWS
Trade IBM now with 
Follow RTT