IBM to acquire Star Analytics

IBM (NYSE:IBM) today announced a definitive agreement to acquire the software portfolio of privately-held business analytics company Star Analytics Inc, headquartered in Redwood City, California, for an undisclosed sum. 

The combination of Armonk-based IBM and Star Analytics software will further advance IBM's business analytics initiatives, allowing organisations to gain faster access and real-time insight into specialised data sources. 

With growing challenges in gaining a more complete view into varying types of data, companies are increasingly looking for ways to automate and provide business users with self-service access to critical information. 
 
Star Analytics software addresses helps companies to automatically integrate essential information, reporting applications and business intelligence tools across their enterprises, on premise or from cloud computing environments. 

The software removes typical custom coding for specialised sources that is hard to maintain.   It also eliminates manual processes that are cumbersome and time consuming.

"IBM sees an enormous opportunity for our clients to apply Star Analytics to the information they have stored in their financial applications," said Leslie J Rechan, general manager, IBM business analytics.  "And to then easily access it within their IBM performance management and business intelligence solutions."

"Star Analytics software allows organisations to move critical analytics source data at will and use it regardless of which application they need to use it with, providing both flexibility and accessibility," said Quinlan Eddy, CEO, Star Analytics.  "As part of IBM, we can now bring our technologies to a broader range of clients to help them uncover new, untapped growth opportunities."