Where last month much of the news was on BPM acquisitions, the spotlight has recently turned to master data management (MDM). On Wednesday, IBM announced a definitive agreement to purchase Initiate Systems, an MDM company out of Chicago that specializes in the health care sector.
This news comes just a week after data integration vendor, Informatica bought MDM provider Siperian for $130 million.
IBM says Initiate Systems’ software brings together data from separate systems managed by hospitals, doctors’ offices and payers and helps speed the adoption and exchange of electronic medical records.
The focus of MDM is working with non-transactional data entities. This type of data, which can be customer records for example, is often referenced in a number of places throughout a system.