IBM (IBM) to Acquire Privately-Held Star Analytics
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International Business Machines (NYSE: IBM) announced a definitive agreement to acquire the software portfolio of Star Analytics Inc., a privately held business analytics company headquartered in Redwood City, California. Financial terms were not disclosed.
The combination of IBM and Star Analytics software will further advance IBM's business analytics initiatives, allowing organizations to gain faster access and real-time insight into specialized data sources. With growing challenges in gaining a more complete view into varying types of data, companies are increasingly looking for ways to automate and provide business users with self-service access to critical information.
Star Analytics software addresses a rising challenge for organizations -- helping to automatically integrate essential information, reporting applications and business intelligence tools across their enterprises, on premise or from cloud computing environments. The software removes typical custom coding for specialized sources that are hard to maintain. It also eliminates manual processes that are cumbersome and time-consuming.
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The combination of IBM and Star Analytics software will further advance IBM's business analytics initiatives, allowing organizations to gain faster access and real-time insight into specialized data sources. With growing challenges in gaining a more complete view into varying types of data, companies are increasingly looking for ways to automate and provide business users with self-service access to critical information.
Star Analytics software addresses a rising challenge for organizations -- helping to automatically integrate essential information, reporting applications and business intelligence tools across their enterprises, on premise or from cloud computing environments. The software removes typical custom coding for specialized sources that are hard to maintain. It also eliminates manual processes that are cumbersome and time-consuming.
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