IBM looks to Ireland for M&A

Technology giant IBM has acquired Ireland-based Curam Software for an undisclosed amount.


Technology giant IBM has acquired Ireland-based Curam Software for an undisclosed amount.

Technology giant IBM has acquired Ireland-based Curam Software for an undisclosed amount.

Curam’s software is used by government agency projects to provide social programs. It is used by health and human services, workforce services and security organisations.

Headquartered in Dublin, Curam reported revenues of $78.8 million (£50 million) in 2010. On the back of the deal its software will be sold in 170 countries, up from the nine in which it was previously retailed.

The acquisition follows on from the foundation $66 million research centre in Dublin by IBM in 2010.

Craig Hayman, general manager of IBM Industry Solutions, comments: ‘We are working to help cities and governments at all levels transform the way they interact with citizens while improving efficiency.

‘Together with Curam, IBM can transform the way citizens do business with government in a way that benefits everyone.’

IBM and Curam have worked together since 1999, with Curam’s software certified for use with the IBM Government Industry Framework. Following the purchase Curam will be integrated into IBM’s Software Group.

Chief executive officer of Curam, John Hearne, adds: ‘Many of our clients already use IBM technologies and services, and they will benefit from working with Curam and IBM as one.

The deal for Curam is the latest in a line of steps taken by IBM to ‘enhance its offering’ for cities and governments, according to a statement. In June the New York-headquartered business introduced the IBM Intelligent Operations Center, which provides a view of all city agencies so that officials can predict events.

Additionally IBM purchased i2, a US-based intelligence analytics provider for crime and fraud prevention.

Todd Cardy

Todd Cardy

Todd was Editor of GrowthBusiness.co.uk between 2010 and 2011 as well as being responsible for publishing our digital and printed magazines focusing on private equity and venture capital.

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