Having made a strategic decision to focus heavily on business analytics, IBM invested still more in its BI portfolio this week with two acquisitions.
IBM (NYSE: IBM) made a pair of acquisitions this week aimed at bolstering its fast-growing business analytics practice. The company added to its $14 billion in analytics acquisitions with Algorithmics and i2.
The $387 million acquisition of Algorithmics from Fimalac's Fitch unit will give Big Blue risk analytics software, content and advisory services for the banking, investment and insurance industries. IBM said Algorithmics will help financial companies assess risk, address regulatory requirements and make more informed business decisions.
IBM said the deal will help financial services clients quantify, manage and optimize their risk exposure across a range of financial risk domains, including market, liquidity, credit, operational and insurance as well as economic and regulatory capital.
The combination of IBM technology, including OpenPages and predictive analytics, and Algorithmics analytics will give companies integrated risk management so they can measure and assess operational risk associated with lending processes, market and credit risk exposures, IBM said.
Read the rest about IBM's analytics acquistions at Enterprise Apps Today.