IBM has acquired Oniqua Holdings, an inventory optimization software company headquartered in Denver, U.S., with offices in Brisbane, Australia. Financial terms of the transaction were not released.

Oniqua customers include ConocoPhillips, BP, Occidental, ADMA, BHP Billiton, Tennessee Valley Authority (TVA), Nebraska Public Power District, Rio Tinto, Newmont Mining, Xstrata and Freeport McMoRan. According to the company website, Oniqua Holdingshas more than $12 billion of inventory under management.

[Image courtesy: Oniqua Holdings]