IBM (NYSE: IBM) announced a definitive agreement to acquire Varicent Software Incorporated, a leading provider of analytics software for compensation and sales performance management. Varicent is a privately held company, with headquarters in Toronto, Canada. Financial terms were not disclosed. Varicent software automates and analyzes the collection and reporting of sales data across finance, sales, [...]
IBM (NYSE: IBM) announced that it has completed the acquisition of Q1 Labs Inc., a privately-held company based in Waltham, Mass. On October 4, IBM announced that it had entered into a definitive agreement to acquire Q1 Labs, which provides advanced analytics to detect and flag suspicious or abnormal events. Financial terms were not disclosed. [...]
IBM announced the closing of its acquisition of Algorithmics. The acquisition expands IBM’s business analytics capabilities in the area of financial risk. Algorithmics provides software and services for improved business insights at banks and investment and insurance organizations to assess risk and address regulatory challenges. The purchase price is $380.2 million. Algorithmics’ capabilities, combined with [...]
IBM announced it has entered into a definitive agreement to acquire Platform Computing, a privately held company headquartered in Toronto, Ontario, Canada. Platform Computing is a global leader in cluster and grid management software for distributed computing environments. The acquisition is anticipated to close in the fourth quarter of 2011, subject to the satisfaction of [...]