IBM is announcing the acquisition of i2, a company that provides intelligence and investigation management software for law enforcement, defense, national security and private sector organizations. Financial terms were not disclosed.
With more than 4,500 customers in 150 countries, i2 is provides intelligence analytics for crime and fraud prevention in sectors such as banking, defense, health care, insurance, law enforcement, national security and retail. i2 solutions are currently used by 12 of the top 20 retail banks globally and eight of the top 10 largest companies in the world.
i2 does doesn’t replace human intelligence but helps improve the technology that can drive crime-fighting, fraud prevention and counter terrorism. i2 will be integrated into IBM’s Software Group.
IBM says the acquisition will help IBM’s clients harness data to combat fraud and security threats. From the release: Using IBM real-time analytical solutions in combination with the technologies of i2, public agencies and private enterprises battling fraud will now have the capability to better collect, analyze and process all the relevant data at their disposal.
While its already August, and this is only one of a handful of acquisitions IBM has made this year. Unlike 2010 (IBM spent $6 billion to acquire 17 companies in 2010), 2011 has been a relatively low-key year for IBM in terms of buying companies. This year’s purchases include real estate software company Tririga.