Feeds

IBM borgs UK 'big data' outfit

Big Blue echoes HP (The New Big Blue)

A new approach to endpoint data protection

IBM is to acquire the Cambridge, UK-based "big data" analytics outfit i2, echoing HP's $11bn purchase of Autonomy Corp. earlier this month.

This is Big Blue's twenty-fifth analytics acquisition in the last five years. It spent about $14bn on the previous 24, but terms of the i2 deal were not disclosed. According to The FT, the deal is valued at about $500m.

With more than 4,500 customers in 150 countries, i2 specializes in analytics related to crime- and fraud-prevention. Twenty-five of the 28 members of Nato use i2 software to analyze military intelligence. Twelve of the world's 20 largest retail banks and eight of the world's ten biggest companies are customers too, according to IBM.

"IBM’s goal is to better equip public safety officials and businesses with the information and tools they need to ensure safer cities,” read a canned statement from Craig Hayman, general manager of industry solutions at IBM. "The combined capabilities of IBM and i2 will help customers uncover patterns and trends that will allow them to more effectively protect the privacy and safety of citizens, businesses and governments."

i2 is headquartered in Cambridge, UK, but its 350 employees are also spread across offices in the United States, Canada, and Australia.

Autonomy – the company HP has agreed to purchase as it drops out of the tablet and phone markets and potentially the PC business as well – also offers tools for analyzing vast amounts of unstructured data, and its headquarters are just down the road from i2 in Cambridge.

HP, you see, is turning itself in another IBM. Or maybe another Sun.

IBM's i2 deal is expected to close in the fourth quarter, and when it does, i2 will be rolled into Big Blue's software group. ®

7 Elements of Radically Simple OS Migration

More from The Register

next story
PEAK LANDFILL: Why tablet gloom is good news for Windows users
Sinofsky's hybrid strategy looks dafter than ever
Leaked Windows Phone 8.1 Update specs tease details of Nokia's next mobes
New screen sizes, dual SIMs, voice over LTE, and more
Fiendishly complex password app extension ships for iOS 8
Just slip it in, won't hurt a bit, 1Password makers urge devs
Mozilla keeps its Beard, hopes anti-gay marriage troubles are now over
Plenty on new CEO's todo list – starting with Firefox's slipping grasp
Apple: We'll unleash OS X Yosemite beta on the MASSES on 24 July
Starting today, regular fanbois will be guinea pigs, it tells Reg
Another day, another Firefox: Version 31 is upon us ALREADY
Web devs, Mozilla really wants you to like this one
Secure microkernel that uses maths to be 'bug free' goes open source
Hacker-repelling, drone-protecting code will soon be yours to tweak as you see fit
Cloudy CoreOS Linux distro declares itself production-ready
Lightweight, container-happy Linux gets first Stable release
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?