IBM likes i2, decides to buy it
IBM has entered into a definitive agreement to acquire i2, a provider of intelligence analytics for crime and fraud prevention, to accelerate its business analytics initiatives and help clients in the public and private sectors address crime, fraud and security threats. Financial terms were not disclosed.
i2, based in Cambridge, England, with U.S. headquarters in McLean, Va., has clients in such sectors as healthcare, banking and defense.
The acquisition will extend IBM's presence in helping clients harness these data through the addition of i2's intelligence analysis capabilities.
i2 will be integrated into IBM's Software Group, IBM, of Armonk, N.Y., stated. The acquisition is anticipated to close in the fourth quarter of 2011, subject to the satisfaction of customary closing conditions and applicable regulatory reviews.
i2, based in Cambridge, England, with U.S. headquarters in McLean, Va., has clients in such sectors as healthcare, banking and defense.
The acquisition will extend IBM's presence in helping clients harness these data through the addition of i2's intelligence analysis capabilities.
i2 will be integrated into IBM's Software Group, IBM, of Armonk, N.Y., stated. The acquisition is anticipated to close in the fourth quarter of 2011, subject to the satisfaction of customary closing conditions and applicable regulatory reviews.