IBM Buys Star Analytics For Business Analytics Growth; Les Rechan Comments

IBMlogoIBM has acquired Star Analytics‘ software portfolio for an undisclosed amount as the company aims to expand its business analytics initiatives.

The software offerings will join an IBM analytics product line that already includes Varicent, Cognos, Algorithmics, Clarity Systems, OpenPages and SPSS, the company said Tuesday.

IBM expects all Star Analytics employees to join its software group.

“Applying analytics to a wide range of data requires organizations to democratize and speed sharing of critical information across an enterprise,” said Les Rechan, IBM general manager for business analytics.

Rechan added the company aims to provide employees analytics from all data sources and help clients discover new growth opportunities.

Revenue in IBM’s business analytics and optimization software and services offerings could reach $20 billion by 2015, the company said.

Filed in: Big Data & Analytics Tags: , , , , ,

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