Big Blue buys British firm

IBM said it has bought i2, a Cambridge based company. Financial details of the acquisition were not disclosed.

The company provides “intelligence analytics” across a number of sectors including national security, law enforcement, health care, defence and banking with a number of very large corporate customers.

The unit will be merged into the IBM software division, which will try to combine data collection and data warehousing and connect seemingly unrelated information.

Customers of IBM will have access to multidimensional analytics which will help its customers identify connections, patterns and trends.

IBM said that the acquisition, which is subject to regulatory reviews, will close in the fourth quarter of this year.

Autonomy with HP, i2 with IBM, eh?