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4-Traders Homepage  >  Equities  >  Nyse  >  International Business Machines Corp.    IBM

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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 CET
   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 saabira.chaudhuri@dowjones.com.

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 2016 79 753 M
EBIT 2016 14 401 M
Net income 2016 11 827 M
Debt 2016 33 810 M
Yield 2016 3,13%
P/E ratio 2016 13,68
P/E ratio 2017 13,22
EV / Sales 2016 2,42x
EV / Sales 2017 2,43x
Capitalization 159 116 M
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Average target price 159 $
Spread / Average Target -5,0%
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Virginia M. Rometty Chairman, President & Chief Executive Officer
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