IBM is acquiring California-based Star Analytics Inc.’s software arm for an undisclosed amount as part of IBM’s strategy to broaden its business analytics portfolio.
The transaction is scheduled to close by March once it passes customary closing conditions, IBM said Friday.
Star Analytics’ software portfolio aims to help enterprises synthesize key information, as well as report applications and business intelligence tools across companies’ assets.
This automated integration aims to provide users a view of data from sources such as cloud computing environments by removing typical custom coding and eliminating manual processes.
“IBM sees an enormous opportunity for our clients to apply Star Analytics to the information they have stored in their financial applications and to then easily access it within their IBM performance management and business intelligence solutions,” said Leslie Rechan, general manager at IBM’s business analytics segment.
Star Analytics CEO Quinlan Eddy said the company works with organizations to move analytics source data and aims to help them use it on any application they want to use it with.
IBM employs close to 9,400 consultants and researchers in its business analytics and big data portfolio.