“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, Business Analytics, as IBM announced it has completed the acquisition of the software portfolio of Star Analytics, Inc., a privately held business analytics company headquartered in Redwood City, California.
With the closing of this acquisition, it is expected that all Star Analytics employees will join IBM’s Software Group. Financial terms were not disclosed.
“Star Analytics’ software advances IBM’s efforts to deliver analytics that span all data sources directly into the hands of front line employees, and delivers a comprehensive approach to helping clients uncover new, untapped growth opportunities,” Rechan continued. The combination of IBM and Star Analytics’ software, he said, will further advance IBM’s business analytics initiatives allowing its clients “to easily access financial information stored in their applications, allowing them to make more informed decisions faster.”
Star Analytics software, Rechan explained, addresses a rising challenge for organizations by helping to automatically integrate essential information, reporting applications and business analytics tools across their enterprises, on premise or from cloud computing environments.
The software removes typical custom coding for specialized sources that are hard to maintain, and eliminates manual processes that are cumbersome and time consuming.
Star Analytics’ software, combined with IBM’s R&D and prior acquisitions in business analytics including Varicent, Algorithmics, Clarity Systems, OpenPages and Cognos, and recent investments in predictive analytics such as SPSS, will provide clients with a broad range of business analytics solutions. These acquisitions are part of IBM’s larger focus on analytics, which spans hardware, software, services and research.
The news supports IBM’s long-term growth strategy to expand the company’s business analytics and optimization software and services capabilities, an area of IBM’s business that is expected to reach $20 billion in revenue by 2015.