IBM completes acquisition of Vivisimo

IBM completed the acquisition of Vivisimo software with no Financial terms disclosed. IBM will incorporate Vivisimo technology into its big data platform and sell Vivisimo products individually.

According to the press release, The combination of IBM and Vivisimo software will accelerate IBM's big data initiatives to help clients analyze the volume, variety, and velocity of big data for strategic advantage.

"This acquisition of Vivisimo will help clients uncover new data and combine it with existing information assets for analysis that leads to smarter business decisions," said Arvind Krishna, general manager, Information Management, IBM Software Group in their press release.

With the closing, approximately 120 Vivisimo employees will join IBM's Software Group.