IBM To Acquire Big Data Software Provider Vivisimo
IBM continues to romp and stomp its way through the Big Data space.
Today, it announced a definitive agreement to acquire Vivisimo, a leading provider of federated discovery and navigation software that helps organizations access and analyze big data across the enterprise.
Vivisimo is a privately held company based in Pittsburgh, Pennsylvania.
Financial terms were not disclosed. Of course.
IBM estimates 2.5 quintillion bytes of data are created every day from a variety of sources including sensors, social media, and billions of mobile devices around the world, making it difficult for businesses to navigate and analyze it to improve competitiveness, efficiency, and profitability.
IDC estimates the market for big data technology and services will grow at an annual rate of nearly 40 percent to reach $16.9 billion by 2015
That’s where Vivisimo software comes into play. Vivisimo excels in capturing and delivering quality information across the broadest range of data sources, no matter what format it is, or where it resides.
It automates the discovery of data and helps employees navigate it with a single view across the enterprise, providing valuable insights that drive better decision-making for solving all operational challenges.
Today’s news accelerates IBM’s big data analytics initiatives with advanced federated capabilities allowing organizations to access, navigate, and analyze the full variety, velocity and volume of structured and unstructured data without having to move it.
The combination of IBM’s big data analytics capabilities with Vivisimo software will further IBM’s efforts to automate the flow of data into business analytics applications, helping clients better understand consumer behavior, manage customer churn and network performance, detect fraud in real-time, and perform data-intensive marketing campaigns.
“Businesses need a faster and more accurate way to discover and navigate big data for analysis” said John Kealey, Chief Executive Officer, Vivisimo. “As part of IBM, we can bring clients the quickest and most accurate access to information necessary to drive growth initiatives that increase customer satisfaction, streamline processes, and boost sales.”
Vivisimo brings over a decade of experience and innovation in data navigation and visualization technologies for both structured and unstructured data, making it easier for business users to get value from all of their data and content. Vivisimo’s ability to index and search data across multiple repositories is a distinguishing capability, applicable to all industries and clients.
Vivisimo has more than 140 customers in industries such as government, life sciences, manufacturing, electronics, consumer goods and financial services. Clients include Airbus, U.S. Air Force, Social Security Administration, Defense Intelligence Agency, U.S. Navy, Procter & Gamble, Bupa, and LexisNexis among others.
Upon the closing of the acquisition, approximately 120 Vivisimo employees will join IBM’s Software Group. IBM will incorporate Vivisimo technology into its big data platform.
There’s some early coverage here from TechCrunch.