IBM 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.

About ILOG

ILOG makes the world’s most advanced enterprise software, with leading products for business rule management, optimization, supply chain management and visualization.