IBM on Wednesday announced it has signed a definitive agreement to acquire Initiate Systems, an MDM (master data management) vendor deeply rooted into healthcare and government organizations.
"With the addition of Initiate's software and its industry expertise, IBM will offer clients a comprehensive solution for delivering the information they need to improve the well-being of patients at a lower cost," said Arvind Krishna, general manager, Information Management, IBM. "Similarly, our government clients will now have even more capabilities for gathering and making use of information to serve citizens in a timely and efficient manner."
Initiate Systems is a privately held company out of Chicago, IL, and represents IBM's 30th acquisition towards advancing the company's capabilities in information and analytics, IBM said.
IBM added that it plans to continue to support and enhance Initiate's technologies, while also introducing clients to its broader IBM portfolio.
The deal is subject to customary closing conditions and expected to be finalized in the first quarter of 2010.
Image Credit: IBM