IBM to Acquire Star Analytics, Inc.

Fri Feb 1, 2013 1:00pm EST

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ARMONK, N.Y.,  Feb. 1, 2013  /PRNewswire/ -- IBM (NYSE:  IBM) today announced a
definitive agreement to acquire the software portfolio of Star Analytics Inc., a
privately held business analytics company headquartered in Redwood City,
California.  Financial terms were not disclosed.

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The combination of IBM and Star Analytics software will further advance IBM's
business analytics initiatives, allowing organizations to gain faster access and
real-time insight into specialized 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 a rising challenge for organizations --
helping 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
specialized sources that are 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 organizations 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

IBM has established the world's deepest portfolio of Smarter Analytics and Big
Data technologies and industry expertise, including almost 9,000 dedicated
business analytics and optimization consultants, and 400 researchers.  Nearly
500 of the patents from IBM's record breaking 20th year of innovation will serve
as the building blocks for future analytics innovations that will help
businesses and governments unlock the power of big data.  

The acquisition is subject to customary closing conditions and is expected to be
completed in the first quarter of 2013.   

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