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.

Check out more IT channel news on SearchITChannel.com and follow us on Twitter! Here’s how to follow Heather Clancy directly.