Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

IBM To Buy Vivisimo For Undisclosed Terms - Quick Facts

RELATED NEWS
Trade IBM now with 

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.

Register
To receive FREE breaking news email alerts for International Business Machines Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Home improvement and building products company Masco Corp. said Monday after the markets closed that its second quarter profit jumped 78% from last year, as revenue increased and margins improved amid strong performance of its Plumbing Products, Installation and Other Services and Decorative Architectural Products segments. American Financial Group Inc. (AFG) Monday reported second-quarter net earnings of $106 million or $1.15 per share, compared to $110 million or $1.20 per share last year. Core net operating earnings were $99 million or $1.07 per share, compared to $87 million or $0.96 per share last year. Total... Stocks showed a significant recovery over the course of the trading day on Monday after coming under pressure in early trading. The markets eventually ended the session roughly flat following the mixed performance that was seen last week.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.