IBM acquires analytics developer i2
IBM to add i2's security and fraud focussed analytic solutions to its portfolio
IBM has announced that it will acquire intelligence analytics provider i2.
UK-based i2 is a developer of intelligence analytics for crime and fraud prevention, and has over 4,500 customers in sectors such as banking, defense, health care, insurance, law enforcement, national security and retail.
i2 solutions are able to process large amounts of data from disparate and unstructured sources, to deliver analysis and tactical lead generation capabilities, with a particular focus on detecting fraud and security threats.
"IBM's goal is to better equip public safety officials and businesses with the information and tools they need to ensure safer cities," said Craig Hayman, general manager of Industry Solutions at IBM. "The combined capabilities of IBM and i2 will help customers uncover patterns and trends that will allow them to more effectively protect the privacy and safety of citizens, businesses and governments."
"The combination of i2's products and IBM's advanced data collection and warehousing technologies will be compelling for clients seeking to enhance situational awareness and make connections between seemingly unrelated information from oceans of data," said Robert Griffin, CEO, i2. "i2's existing clients will be at home with IBM, a company known for its ability to help organizations make the most of their data assets."
Financial details of the deal were not disclosed.