Technology giant IBM has completed its acquisition of Star Analytics’ software portfolio to enhance its business analytics initiatives. Financial terms of the deal have not been disclosed.
Star Analytics is a privately held business analytics company with headquarters in Redwood City, California. Under the deal, clients should be able to easily access financial information stored in their applications, allowing them to make more informed decisions much more quickly.
“Applying analytics to a wide range of data requires organisations to democratise and speed sharing of critical information across an enterprise,” said Les Rechan, IBM general manager, Business Analytics.
“Star Analytics’ software advances IBM’s efforts to deliver analytics that span all data sources directly into the hands of front-line employees, and delivers a comprehensive approach to helping clients uncover new, untapped growth opportunities.”
All Star Analytics employees will now join IBM’s Software Group.