IBM bolsters big data security credentials with i2 buy


IBM bolsters big data security credentials with i2 buy

Simon Quicke

IBM has swooped to pick up privately held UK crime intelligence specialist i2 as it looks to strengthen its proposition in the big data arena keeping up with rivals including SAP and Oracle.

The theme of big data has emerged this year with software vendors developing products designed to help customers navigate their data mountains more quickly and efficiently and all of the large business intelligence players have been unveiling tools to put themselves in the shop window.

In the case of i2, which specialises in analysing large amounts of data in order to detect and respond to security threats, the acquisition provides IBM with a chance to improve fraud and threat identification in large enterprises.

The financial terms of the deal were undisclosed but some sources have suggested it was around the $500m mark.

The British company works with the likes of NATA, police forces and cities to help identify a host of problems ranging from theft to help catching missing persons.

Robert Griffin, CEO of i2, said that it made sense to combine its technology with "IBM's advanced data collection and warehousing technologies" and most of its customers would feel at home dealing with Big Blue.

Quoting some figures to give an indication of the size of the fraud and security problems IBM pointed out that consumer facing fraud for retailers in the US runs to $100bn a year.

"IBM's goal is to better equip public safety officials and businesses with the information and tools they need to ensure safer cities," said Craig Hayman, general manager of industry solutions at IBM.

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