IBM Expands Analytics Portfolio Again
IT giant is buying Algorithmics days after acquiring i2
US IT giant IBM is buying risk analytics firm Algorithmics for $387 million. The news comes just days after IBM bought British security data company i2.
The deals, announced on IBM's website, are the latest analytics acquisitions for Big Blue, which has spent over $14 billion on analytics companies in the last five years.
Toronto-based Algorithmics helps banking, investment and insurance businesses, such as HSBC, Societe Generale and Nedbank, assess risk and address regulatory requirements.
i2, which is based in Cambridge, UK, provides intelligence analytics for crime and fraud prevention, helping police and military forces analyze large amounts of data.
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