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IBM announced it has signed a definitive agreement to acquire Cúram Software Ltd.
Cúram was founded in 1990 and is based in Dublin, Ireland, with additional offices throughout North America, Australia, Europe and India. The company's software is used around the world in more than 80 government agency projects.
The software allows users to monitor all components of the government and social structures, sort of like the PC games, the Sims or Rollercoaster Tycoon.
IBM's Smarter Cities initiative is designed to paint a complete virtual picture of selected areas within governments, which monitors large categories such as water, transportation, public safety, energy, revenue, buildings, healthcare and overall government performance.
Each category is then broken into various sub-categories, which further depicts the makeup and performance of the larger categories. For example, subcategories of “water,“ might be flood control, waste and quality. Subcategories under “transportation,“ might be subway, rail, bus, roads and traffic.
IBM will use Cúram software to analyze each category based on provided data and then form a report on how each area is performing, allowing users to retrieve data in real time.
“Together with Cúram, IBM can transform the way citizens do business with government in a way that benefits everyone,“ said Craig Hayman, general manager of IBM industry solutions.
Once the acquisition is complete, Cúram Software will be integrated into IBM's software group. Financial terms about the acquisition were not disclosed.
