International Business Machines Corp. (NYSE:IBM) has agreed to buy OpenPages. OpenPages designs risk-management software. The acquisition enhances IBM’s analytics portfolio companies. The financial details were undisclosed.
“Unforeseen risk can hurt a company’s bottom line as well as its brand reputation,” stated IBM general manager of business analytics Rob Ashe. “Integrating risk management systems across once-divided units and functions is essential to seeing the bigger picture. The combination of IBM and OpenPages will provide a holistic and consistent approach to risk management helping companies combine that insight with performance management to drive better decision making.”
IBM has spent $11 billion on 19 acquisitions in the past 5 years. The company also has a team of 6,000 industry consultants and a network of analytics solution centers.
[Eweek]