Software giant IBM has acquired Piyush Gupta co-founded Exeros Technologies, a provider of data discovery software, intending to capture the Business Analytics Optimization Consulting market.
The acquisition is seen as the return of IBM's strategy of capturing the small scale software companies. However, the internal team of Exeros including the top management and the Research and Development wing will be retained. Exeros was founded in 2002.
Technology and Business Research (TBR) considers this acquisition as a big strategic move by the company in the field of the Business Analytics, especially as the market has seen a recent acquisition of SUN Microsystems by Oracle, in which IBM had failed.
TBR states the valuation of the Exeros Technologies to be around $50 Million, while the firm has not officially disclosed the amount of the sale of the assets. The deal is said to be a significant one as Exeros technology is helpful in making the IBM's Information on Demand more enhanced.
The deal might give IBM an added advantage to take on the rivals like Oracle, which has already succeeded in acquiring Sun, which will increase the competition in the market.
"All organizations today are faced with the daunting challenge of turning massive amounts of information into insights to guide their businesses, but many are held back by the complexity of corporate data sources," said Ambuj Goyal, general manager, IBM Information Management. "The combination of IBM and Exeros will enable companies to more intelligently manage their data across all formats and computing platforms, creating a smarter enterprise," Goyal added.
With this acquisition, IBM will look to develop smarter business systems. It will also help to adapt to the changing market and to deliver much efficiently. By this acquisition, the customers will be able to find and access the desired information stored in multiple databases. The companies' clients will be preserved and will enjoy broader set of capabilities without replacing the systems. Exeros was named in si100 listing of siliconindia magazine in 2007.
Agencies
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