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SOFTWARE INDUSTRY NEWS |
IBM to acquire Initiate Systems |
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IBM has said that it has inked a definitive agreement to acquire Initiate Systems, a maker of data integrity software for information sharing among health care and government organizations. Financial details were not disclosed.  Privately held Initiate's software helps health care clients work more intelligently and efficiently with timely access to patient and clinical data. It also enables governments to share information across multiple agencies to better serve citizens. The Chicago, IL based company is IBM's 30th acquisition to advance its capabilities in information and analytics. IBM said that a key requirement for all health care and citizen safety initiatives is proper management and delivery of trusted and accurate information, and that the stimulus funding being invested around the globe is seeing the number of these transformational projects accelerate. Initiate has helped clients meet this challenge at more than 2,400 health care sites, over 40 health information exchanges and multiple government health systems around the world. Arvind Krishna, general manager, Information Management, IBM said the addition Initiate's software and industry expertise will allow IBM to offer a comprehensive solution for delivering information needed to improve the well-being of patients at a lower cost. "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," he said. "Our clients will be the ones who benefit most from this acquisition," said Bill Conroy, president and chief executive officer, Initiate Systems. "They will continue to get the software and expertise they depend on, plus the incalculable advantage they will gain through IBM's global reach and its capabilities in enterprise software, hardware and services." |
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