IBM acquires Vivisimo for undisclosed sum
Apr 26, 2012 (Menafn - M2 EQUITYBITES via COMTEX) --Information technology company IBM IBM on Wednesday announced the signing of a definitive agreement to acquire Vivisimo, a provider of federated discovery and navigation software that helps organisations access and analyse big data across the enterprise.
Financial terms of the acquisition were not disclosed.
Vivisimo software excels in capturing and delivering quality information across the broadest range of data sources, no matter what format it is, or where it resides. The software automates the discovery of data and helps employees navigate it with a single view across the enterprise, providing valuable insights that drive better decision-making for solving all operational challenges.
This acquisition is expected to accelerate IBM's big data analytics initiatives with advanced federated capabilities allowing organisations to access, navigate, and analyze the full variety, velocity and volume of structured and unstructured data without having to move it.
Also, the combination of IBM's big data analytics capabilities with Vivisimo software will further IBM's efforts to automate the flow of data into business analytics applications, helping clients better understand consumer behaviour, manage customer churn and network performance, detect fraud in real-time, and perform data-intensive marketing campaigns.
Upon the closing of the acquisition, approximately 120 Vivisimo employees will join IBM's Software Group. IBM will incorporate Vivisimo technology into its big data platform.
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