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Aug 31 2011   8:08PM GMT

IBM snaps up fraud-detection expert i2



Posted by: Heather Clancy
Tags:
cybersecurity
fraud
i2
IBM
IBM Software
IT channel products and services

The deeper that IBM Software gets into analytics, the deeper it gets into territory that hackers and other nefarious cyber-criminals are likely to target. Little wonder, then, that the giant IT services and software company today snapped up a British security technology firm, i2, to aid in its protection of businesses, healthcare organizations and governments using its technology.

Two of i2′s touted credentials: it is used by 12 of the top 20 retail banks in the world and eight of the 10 biggest companies. The technology is also used at the national security level in 60 different countries, according to its web site.

In a statement announcing the acquisition, IBM executive Craig Hayman, who is general manager of IBM Industry Solutions, said:

“IBM’s goal is to better equip public safety officials and businesses with the information and tools they need to ensure safer cities. The combined capabilities of IBM and i2 will help customers uncover patterns and trends that will allow them to more effectively protect the privacy and safety of citizens, businesses and governments.”

The terms of the deal weren’t disclosed, but the transaction is expected to close in the second quarter provided all the usual regulatory hurdles are surmounted. i2 has its base in Cambridge, England. Its 350 employees are located there, as well as in McLean Va.; Tucson, Ariz.; Canberra, Australia; and Ottawa.

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