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IBM Acquires OpenPages to Expand Business Analytics Division

Strategic Insights

— 1 min read

International Business Machines Corp. (IBM) has acquired privately held software company OpenPages, continuing its acquisition spree in the business analytics division. This latest deal is part of IBM's strategy to expand its business analytics division and tap into the risk management market. OpenPages' software solutions help clients develop strategies for operational risk, financial controls management, compliance, and internal audits.

Key Takeaways:

  • IBM has acquired OpenPages to expand its business analytics division, a move that is part of its strategy to penetrate and improve its competitiveness in the governance risk and compliance (GRC) market.
  • The acquisition is IBM's fifth since May 2010, with the company continuing to expand its business analytics capabilities through strategic acquisitions.
  • OpenPages develops risk and compliance management software, which is used by clients such as Barclays, Allianze, British Petroleum, Duke Energy Corp. (DUK), H&R Block Inc. (HRB), Vodafone Group Plc (VOD), and others.
  • IBM has not divulged any specific plan to integrate OpenPages into its business operations, implying that it will operate on its own for the time being.
  • The long-term plan for OpenPages is to integrate it into IBM's WebSphere application server and Tivoli software line, which will help IBM significantly penetrate and improve its competitiveness in the GRC market.

Statistics:

  • IBM has acquired five companies since May 2010 to expand its business analytics division.
  • OpenPages has a client base that includes big shots such as Barclays, Allianze, British Petroleum, Duke Energy Corp. (DUK), H&R Block Inc. (HRB), Vodafone Group Plc (VOD), and many more.
  • OpenPages' software solutions have helped its clients in developing strategies for operational risk, financial controls management, compliance, and internal audits.

Sources:

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