Tech giant IBM has moved to acquire UK based security analysis software maker i2, in an effort to boost its analytics offerings for governments. The financial details of the acquisition were not disclosed.
i2’s software is used by law enforcement agencies and private sector security providers, to analyse and share data collected from various sources, including the data that is already with them, in order to combat fraud and weed out security threats.
IBM, looking to enhance its analytics software offering for public and private sector organisations, believes that using i2’s software, its customers will be able to restructure data available from social media sources, biometrics and criminal databases, to deal with fraud and security threats.
"The combined [real-time analytics] capabilities of IBM and i2 will help customers uncover patterns and trends that will allow them to more effectively protect the privacy and safety of citizens, businesses and governments," said Craig Hayman, general manager of industry solutions at IBM.
i2’s security analytics solutions are used by more than 4,500 organisations across banking, defence, law enforcement, national security and retail industries in 150 countries. The company claims that 12 of the top 20 retail banks use its software to combat fraud.