Here’s How IBM is Starting Its Next Quarter

  Google+  Twitter | + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

International Business Machines (NYSE:IBM) announced on Friday that it has agreed to acquire privately held Star Analytics, a Redwood City, California-based company that provides business analytics software.

“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,” said IBM in a press release. “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.”

Investors are making great returns as markets roar higher. Join the party. Click here to discover our Feature Stock Pick now!

The specific terms of the deal were not specified in the release.

Star Analytics software already performs data warehousing operations for Oracle (NASDAQ:ORCL), and its business applications will complement IBM’s data integration, middleware, and business intelligence offerings. These areas are the most profitable for IBM; its software, services, and financing units generated more than 90 percent of the company’s annual revenue in 2011.

Don’t Miss: Could Android Soon Take This Crown From Apple?

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business