IBM to acquire business analytics co Star Analytics

BANGALORE, INDIA: IBM announced that it will acquire software portfolio of Star Analytics Inc., a privately held business analytics company headquartered in Redwood City, California. Financial terms were not disclosed. The acquisition is expected to be completed in the first quarter of 2013.

"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 will help IBM's business analytics initiatives, allowing organizations to gain real-time insight into specialized data sources.

Star Analytics software addresses a rising challenge for organizations -- helping to automatically integrate essential information, reporting applications and business intelligence tools across enterprises, on premise or from cloud computing environments. The software removes typical custom coding for specialized sources and also eliminates manual processes, says a release.

"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 opportunities."