IBM Completes ILOG Business Events Planning Acquisition

ilog-ibmIBM has just completed its $340 million acquisition of ILOG Inc. ILOG is a Pairs based business rules engine maker. The systems provide business intelligence and allow executives to make better decisions based on events analysis. IBM was interested in taking over ILOG as IBM felt the merger would allow businesses to process and monitor more complex events with the ILOG systems. More companies are beginning to enter the events planning space, including Oracle and Streambase.

IBM was not previously as successful in this field because none of the products “amounted to a real strategy. We didn’t have tight engineering, focused on business event management,” said Kramer Reeves, IBM manager of business process management marketing. IBM failed to disclose any product plans a result of the acquisition.


Posted in: Tech Tagged: , ,
Share
| Share
Short URL: http://business2press.com?p=965
Related:
Hercules holds a B.Comm Finance from Ryerson University in Toronto, Canada. He is a Chartered Financial Analyst (CFA) Level 2 Candidate. He was previously a contributor at FiLife, a finance website owned by Dow Jones and IAC.
Learn more | Write to hercules@business2press.com
b2p Ensure that you follow us on Twitter and Like us on Facebook
b2p There are no comments. Add yours.

Comments are reviewed and could be moderated. Comments that are abusive or off-topic, and comments posted with promotional content in the Name field will be removed. We cannot facilitate requests to edit or remove comments, or explain moderation decisions.

Business 2.0 Press publishes exclusive business tech news and analysis covering start-ups and large-cap tech firms and financial intermediaries straight from Bay & Wall streets since 2008. Learn more

Subscribe with thousands of other readers

Facebook
rssVia RSS

Delievered with Google Feedburner

lightNews tip? Contact us

twitter

Colon cancer is one of the leading causes of death. Irrespective of family history, everyone is exposed to the risk. About 90% of colon cancer cases begin from non-cancerous tumors, polyps, which could form in the large bowel. Screening with a colonoscopy will painlessly remove any polyps hence almost entirely reducing your risk of developing the horrible disease. The good news is that about 90% of colon cancer cases are preventable through a simple (yes, simple) colonoscopy.
Learn moreatom
Public service message from Business 2.0 Press