Financial terms of the agreement were not disclosed.
IBM officials said Exeros' technology can help customers deal with today's data-intensive economy. "All organizations today are faced with the daunting challenge of turning massive amounts of information into insights to guide their business," Ambuj Goyal, general manager for IBM's information management unit, said in a statement. "Many are held back by the complexity of corporate data sources."
One use for Exeros' technology might be a credit card company that needs to consolidate data from its customer-rewards programs. The software can pull related data from multiple databases and offer up a single master view of a customer's information.
"The combination of IBM and Exeros will enable companies to more intelligently manage their data across all formats and computing platforms, creating a smarter enterprise," said Goyal.
IBM is building out its portfolio of software tools and related services as it looks to lessen its dependence on the slumping hardware business. The company has announced or completed 16 acquisitions in the past 16 months, most of them related to software that helps business more efficiently store, share, and interpret corporate data.
Most significantly, IBM in 2008 acquired Canada's Cognos for about $5 billion, a move that thrust Big Blue into the forefront of the business intelligence market.
With rival Oracle building out its own stack of so-called end-to-end solutions, most recently through its agreement to buy out Sun Microsystems for $7.4 billion, speculation abounds that IBM may counter with a bold move into the applications market -- perhaps through an acquisition of Germany's SAP. For its part, IBM has consistently denied that it's interested in such a move.
IBM shares were off 0.44% to $105.72 in late-day trading Tuesday.
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