IBM to buy software company with Tucson office
By David Wichner / Arizona Daily Star | Posted: Wednesday, August 31, 2011 12:30 pm
IBM Corp. today announced an agreement to buy a British business analytical software company that employs about 100 people at an existing office in Tucson.
IBM’s acquisition of i2 Group, a leading global provider of intelligence analytics for crime and fraud prevention, is expected to close in the fourth quarter. Financial terms were not disclosed.
The seller is California-based investment fund Silver Lake Sumeru, which bought i2 from ChoicePoint Inc. for $185 million in 2008.
No operational changes are planned, and i2 employees will remain in their current offices, IBM spokeswoman Nancy Kaplan said. The company’s local office is at 7750 E. Broadway.
IBM already is one of the region’s biggest employers, with about 1,300 workers at a major storage systems development center at the University of Arizona Science and Technology Park.