IBM Closes Algorithmics Acquisition For $380.2 Million

IBM has closed its acquisition of Algorithmics.  Algorithmics provides software and services for improved business insights at banks and investment and insurance organizations to assess risk and address regulatory challenges. The acquisition expands IBM’s business analytics capabilities in the area of financial risk. The purchase price is $380.2 million.



Also see:

Velodyne Lidar inks multi-year agreement with GreenValley

Velodyne Lidar has inked a multi-year agreement to provide its lidar sensors to GreenValley for handheld, mobile and unmanned aerial vehicle 3D mapping solutions.

Qualcomm, Adobe expand creative experiences collaboration

Qualcomm and Adobe have inked an expanded collaboration to support creative experiences on Snapdragon-powered devices across mobile, compute, and XR platforms.