In late April, we reported on the intention of IBM to acquire Vivisimo, a software designer focused on data analytics and data management software. Although the financial terms still have not been revealed, IBM announced earlier this morning, the acquisition is complete. The partnership of IBM and Vivisimo furthers IBM's big data initiatives to help clients analyze a larger volume, variety, and velocity of big data for gaining a strategic advantage.
Arvind Krishna, general manager of Information Management at IBM Software Group comments on the acquisition of Vivisimo:
"Game-changing insights are locked inside big data and clients want an easier way to unlock their full potential,"
"This acquisition of Vivisimo will help clients uncover new data and combine it with existing information assets for analysis that leads to smarter business decisions. No other vendor provides this depth and breadth of information management and analytics for big data."
John Kealey, Chief Executive Officer at Vivisimo comments on the powerful new relationship with IBM:
“Businesses need a faster and more accurate way to discover and navigate big data for analysis”
“As part of IBM, we can bring clients the quickest and most accurate access to information necessary to drive growth initiatives that increase customer satisfaction, streamline processes, and boost sales.”
Vivisimo bring with it over 140 customers in government, life sciences, manufacturing, electronics, consumer goods and financial services. They have worked with Noteworthy organizations like the US Air Force, the US Navy, the US Social Security Administration, LexisNexis, and Proctor&Gamble. IBM will continue to sell and market Vivisimo products separately, but also offer them alongside IBM's current enterprise solutions.