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International Business Machines Corp. : IBM Agrees to Buy Star Analytics's Software Portfolio

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02/01/2013 | 07:28pm CEST
   By Saabira Chaudhuri 
 

International Business Machines Corp. (IBM) has agreed to buy analytics firm Star Analytics Inc.'s software portfolio for an undisclosed amount in a push to expand its business-analytics offerings.

IBM said the deal will allow it to address the growing challenges in gaining a more complete view into varying types of data, which have led companies to look for ways to automate and provide business users with self-service access to information.

It said the Star Analytics software helps companies automatically integrate essential information, reporting applications and business-intelligence tools across their enterprises, on premise or from cloud-computing environments.

A particular benefit of the software is that it removes typical custom coding for specialized sources that are hard to maintain. It also eliminates manual processes that are cumbersome and time-consuming, IBM said.

"IBM sees an enormous opportunity for our clients to apply Star Analytics to the information they have stored in their financial applications," said Leslie J. Rechan, general manager of IBM Business Analytics.

IBM has benefited from its push toward higher-margin software and services that command higher fees and prices, while shedding less-profitable businesses. However, IBM has been pressured by businesses' weak technology spending, a shortfall that has been worsened by economic uncertainty.

Last month, IBM reported its fourth-quarter earnings increased 6.3% as the technology heavyweight's software sales and margins strengthened, though overall revenue declined slightly.

IBM's shares rose 1% to $205.10 in recent trading. The stock has risen 7.1% so far this year.

Write to Saabira Chaudhuri at [email protected]

Corrections & Amplifications

This article was corrected at 06:54 EDT February 4, 2013 to fix the name of the company. It is Star Analytics, not Start Analytics.

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

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Financials ($)
Sales 2018 80 813 M
EBIT 2018 14 413 M
Net income 2018 10 812 M
Debt 2018 31 885 M
Yield 2018 4,34%
P/E ratio 2018 12,11
P/E ratio 2019 11,55
EV / Sales 2018 2,01x
EV / Sales 2019 1,98x
Capitalization 131 B
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Mean consensus HOLD
Number of Analysts 26
Average target price 168 $
Spread / Average Target 19%
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Managers
NameTitle
Virginia M. Rometty Chairman, President & Chief Executive Officer
James J. Kavanaugh Chief Financial Officer & Senior Vice President
John E. Kelly Senior VP-Cognitive Solutions & Research
Martin Jetter SVP-Global Technology Services
Sidney Taurel Independent Director
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