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IBM buys Cambridge outfit i2

IBM said it has bought i2, a Cambridge based company that dabbles in 'intelligence analytics' in the field of crime and fraud prevention.

Big Blue reckons organisations are facing an exponential increase in what it calls “big data” - information and intelligence coming from disparate and unstructured sources including social media, biometrics and criminal databases.

It said the acquisition of i2 would help it build systems to use the information "to anticipate potential problems, make better, faster decisions, and coordinate resources to deliver exceptional service to citizens and customers".

The 350 employees of i2 world wide will be integrated into IBM's Software Group
IBM said that the acquisition will close in the fourth quarter of this year, subject to regulatory reviews. Financial details of the dealwere not disclosed.