TechTaffy

tech:

taffy

IBM To Acquire Star Analytics

By TechTaffy Desk

StarAnalytics

[Techtaffy Newsdesk]

IBM has signed a definitive agreement to acquire the software portfolio of Star Analytics, a privately held business analytics company headquartered in Redwood City, California.  Financial terms were not disclosed.

Leslie J Rechan (General Manager, IBM Business Analytics): IBM sees an enormous opportunity for our clients to apply Star Analytics to the information they have stored in their financial applications. And to then easily access it within their IBM performance management and business intelligence solutions.

The acquisition is subject to customary closing conditions and is expected to be completed in the first quarter of 2013.  

Just in

Series E

Vercel raises $250M

San Francisco-based Vercel, a frontend cloud platform provider, has secured $250 million in Series E funding, bringing the company's valuation to $3.25 billion.
Series A

Worky raises $6M (Mexico)

Mexico City-based Worky, a provider of HR and payroll software solutions for Mexican companies, has closed a $6 million Series A financing round.
Industry

Amazon announces $1.31B investment in France

Amazon has announced a new investment of about $1.31 billion (€1.2 billion) in France, which the company says will lead to the creation of over 3,000 permanent jobs in the country.
Around the web

Amazon Web Services CEO Adam Selipsky to step down — CNBC

Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month. Matt Garman, senior vice president of sales and marketing at Amazon Web Services, will succeed Mr. Selipsky after he exits the company June 3, writes Annie Palmer. 
AI

Palo Alto Networks, Accenture expand alliance to offer generative AI services

Palo Alto Networks and Accenture have announced the expansion of their strategic alliance to provide new offerings that combine Palo Alto Networks' Precision AI technology with Accenture's secure generative AI services.