Big Blue bets on risk
IBM buys MA firm
IBM has bought OpenPages - which makes software to help companies manage risk and ensure compliance with regulations.
OpenPages claims to provide a full compliance and risk management product which allows CEOs and CFOs to view data from different systems to get an idea of a business's total exposure to danger.
This covers financial risks, IT risks and possible compliance problems. For instance expanding into a new market will bring with it new regulations, new costs and greater possible losses which must all be considered.
OpenPages claims 200 customers, including Barclays and BP...
It said both its and IBM's risk products would be preserved and OpenPages will be integrated into Big Blue's analytics business.
The company is based in Massachusetts but also has an office in the UK. Financial terms were not disclosed.
The full statement is here. ®
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