IBM announces its plans to acquire Curam Software, a maker of social programs software, to enhance its Smarter Cities initiative.
IBM signed a definitive
agreement to acquire Curam Software
whose technology is designed to help governments improve the efficiency, effectiveness and
accessibility of social programs for smarter cities.
IBM did not disclose the financial
terms of the deal. Company officials said the Curam acquisition extends IBM's
Smarter Cities initiative with a new social element. Curam Software is used in
more than 80 government agency projects around the world to provide social
programs to citizens in a timely manner, deliver services more effectively, and
continuously monitor progress toward achieving people's social and economic
potential. The software is used by health and human services, workforce
services and social security organizations around the world to deliver welfare,
social insurance, and both individual and employer-based social programs, IBM
"We are working to
help cities and governments at
all levels transform the way they interact with citizens while improving
efficiency," Craig Hayman, general manager of IBM Industry Solutions, said in a
statement. "We all have stories to tell about standing in long lines or
making countless phone calls to gain access to government services, but it
doesn't have to be that way. Together with Curam, IBM can transform the
way citizens do business with government in a way that benefits everyone."
Curam Software allows cities
and governments to provide a single view of benefits and services available
across agencies, levels of government, and private and nonprofit organizations.
The Social Industry Platform includes processes to deliver all types of
programs and offers the flexibility needed to quickly update them as policy
makers react to different economic times. Curam Software's Platform also allows
government and providers to focus on lowering overall program costs by ensuring
that the benefits and services provided address core issues and that people
become more self-sufficient.
Curam, which means "care and
protection" in Irish Gaelic, was founded in 1990 and is based in Dublin. One
of the company's investors was Enterprise
, which helps Irish companies achieve global success, IBM said.
Through its Smarter Cities
initiative, IBM helps cities and governments serve citizens better by adopting
more intelligent and efficient ways to analyze data, anticipate problems and
coordinate resources. IBM has led more than 2,000 projects to achieve
these goals and through its acquisition of Curam Software, IBM expects to
extend its leadership in this area.
IDC Government Insights
estimates the new Smarter Cities information technology market opportunity at
$34 billion in 2011, increasing more than 18 percent per year to $57 billion by
The pending acquisition builds
on IBM's Smarter Cities initiatives in Ireland. Last year, the company
opened its first Smarter Cities Technology Center in Dublin at IBM's R&D
Lab, where IBM works with city authorities, universities, and small and large
businesses to research, develop and commercialize new ways of making city
systems more connected, sustainable and intelligent. With the addition of
the Curam Research Institute-which is working to develop and deploy new
business models for managing social programs-IBM will enhance its ability to
help clients increase the social and economic potential of people.
Since 1999, IBM and Curam
have collaborated on federal, state, local and provincial-level social program
solutions around the world. More than 90 percent of Curam's clients use
IBM WebSphere middleware and nearly 70 percent of its clients use IBM
hardware. Curam's software is certified for use with the IBM Government
Industry Framework and has been part of IBM Global Business Services'
Integrated Case Management solution since 2001.
"After 13 years of
experience working with IBM, we know our companies are an excellent fit," said
John Hearne, CEO of
Software. "Many of our clients already use IBM technologies and services,
and they will benefit from working with Curam and IBM as one. Through
IBM's global reach, we can grow our client base by bringing the benefits of
Curam's Social Industry Platform to citizens around the world."
IBM's announcement of its
plan to acquire Curam Software follows a series of moves Big Blue has made this
year to enhance its offerings for cities and governments. In June, the
company introduced the IBM
Intelligent Operations Center
, which provides a unified view of all city
agencies so officials can predict events and quickly respond. Shortly
thereafter, IBM announced it planned to acquire i2
a leading provider of intelligence analytics for crime and fraud
prevention. The acquisition was completed in October.
On completion of the Curam
acquisition, it will be integrated into IBM's Software Group, which is a key
driver of growth and profitability for the company. Curam has
approximately 700 employees. In addition to its headquarters in Dublin,
the company has offices in Herndon, Va.; Toronto; Frankfurt, Germany; Canberra,
Australia; and Bangalore, India. The acquisition is expected to close by
the end of December subject to regulatory reviews, IBM said.