IBM has signed a definitive agreement to acquire i2, a maker of intelligence analytics tools for crime and fraud prevention.
has announced an agreement to acquire i2 to accelerate its business analytics
initiatives and help clients in the public and private sectors address crime,
fraud and security threats.
terms of the deal were not disclosed.
with more than 4,500 customers in 150 countries, is a provider of intelligence
analytics for crime and fraud prevention based in Cambridge, U.K., with U.S.
headquarters in McLean, Va. i2's clients span multiple sectors globally
such as banking, defense, health care, insurance, law enforcement, national
security and retail. i2's solutions are currently used by 12 of the top 20
retail banks globally and eight of the top 10 largest companies in the world.
officials said organizations in both the public and private sectors today are
facing an exponential increase in "big data"-information and
intelligence coming from disparate and unstructured sources, including social
media, biometrics and criminal databases. When it is accessible to the
people who need it, this information can be used to anticipate potential
problems; make better, faster decisions; and coordinate resources to deliver
exceptional service to citizens and customers. IBM has focused on and invested
heavily in shoring up its resources in this arena.
i2 acquisition will extend IBM's leadership in helping clients harness this
data through the addition of i2's intelligence analysis and tactical lead
generation capabilities, which help cities, nations, international bodies and
private enterprises combat fraud and security threats.
and security threat reduction is of strategic importance across all industries
today. According to FBI statistics, in 2009 there were 1.3 million violent
crimes, 9.3 million property crimes, and 6.3 million larceny and thefts in the
United States. Consumer-facing fraud for retailers alone costs $100 billion a
year in the United States.
response to these threats, businesses and government agencies are seeking to
empower public safety officers, analysts, managers, detectives and
investigators with industry-specific intelligence analysis and operational
insight solutions. For example, government agencies today are concerned with
increased threats to public safety, which are driving the need for secure
goal is to better equip public safety officials and businesses with the
information and tools they need to ensure safer cities,"
said Craig Hayman, general manager
of Industry Solutions at IBM, in a statement. "The combined capabilities
of IBM and i2 will help customers uncover patterns and trends that will allow
them to more effectively
the privacy and safety of citizens, businesses and governments."
combination of i2's products and IBM's advanced data collection and warehousing
technologies will be compelling for clients seeking to enhance situational
awareness and make connections between seemingly unrelated information from
oceans of data," said Robert Griffin, CEO of i2, also in a
statement. "i2's existing clients will be at home with IBM, a company
known for its ability to help organizations make the most of their data
IBM and i2, clients will have access to a comprehensive range of visualization
and multidimensional analytics for the timely delivery of intelligence, including
threat and fraud analytics. These tools will help analysts quickly identify
connections, patterns and trends in complex data sets and easily model data in
the way they think, in a single environment yielding faster analysis results,
strategic reports and bulletins.
will be integrated into IBM's Software Group, which is a key driver of growth
and profitability for the company, IBM officials said.
in the U.K., i2 has 350 employees and additional offices in McLean, Va.;
Tucson, Ariz.; Ottawa, Ontario; and Canberra, Australia. The acquisition is
anticipated to close in the fourth quarter of 2011, subject to the satisfaction
of customary closing conditions and applicable regulatory reviews.