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international business Machines Corp. (NYSE:IBM - information) introduced the signing of a definitive contract to purchase Curam utility Ltd., a issuer of social software utility solutions. This marks IBM’s third acquisition in a span of three months.
The acquisition is of strategic significance for IBM’s Smarter city initiative, where IBM provides equipment to efficiently analyze data, organize supplies and have an understanding of and act in troublesome cases. It thereby helps cities and governments to serve the residents in a extra contemporary and effective manner.
solutions from Curam software are being used in more than 80 government initiatives across the globe. The options are used in the container of HR, health and human features, and social security beneath its ‘Social carrier software start’. The ireland-based mostly enterprise has used IBM’s WebSphere application to boost most of its application. Curam utility can be incorporated into IBM's application group, a key driver of growth and profitability for the business.
Curam application is the second company to be integrated within the software group after the contemporary acquisition of i2, a developer of analytical software that prevents crime and fraud in sectors similar to banking, protection, health-care and coverage.
IBM expects the acquisitions to be incrementally beneficial for the enterprise in accomplishing its 2015 desires. IBM's increase initiatives, equivalent to smarter planet and business frameworks, growth markets, business analytics, and optimization and cloud computing have pushed huge growth and generated high earnings margins for the company. These initiatives are expected to convey as a minimum $50 billion in revenues via fiscal 2015.
furthermore, the enterprise expects to generate smarter planet and smarter commerce revenues of $10.0 billion and $20.0 billion, respectively, by 2015. moreover, business analytics is expected to bring $16.0 billion, whereas cloud computing is estimated to deliver $7.0 billion in revenues by 2015.
With $20 billion to spend till 2015 on acquisitions, they are expecting IBM to continue with its method. within the process, IBM would expand its product portfolio and boost its global scale.
IBM is still a heavyweight in the cloud computing market and its robust cash steadiness enables IBM to acquire corporations with high intellectual property, with a view to force additional increase within the upcoming quarters.
IBM is experiencing effective revenue boom throughout all geographical regions, coupled with powerful boom in rising markets global. IBM expects these growing to be markets to power revenues and increase boom in 2011 and past.
youngsters, the competitive panorama contains technology giants reminiscent of Oracle Corp. (NasdaqGS:ORCL - information), Hewlett-Packard Co. (NYSE:HPQ - news), Microsoft Corp. (NasdaqGS:MSFT - information) and EMC Corp. (NYSE:EMC - information). therefore, the competitive market obviously challenges the business’s boom.
we now have an extended-time period neutral recommendation on IBM. then again, they are positive about its potent fundamentals and strong growth potentialities going ahead. They hence have a Zacks #2 Rank for IBM, which interprets into a brief-time period ‘purchase’ score.
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DUBLIN and ARMONK, N.Y., Dec. 5, 2011 /PRNewswire/ -- IBM (NYSE: IBM) has signed a definitive agreement to purchase Curam application Ltd. to aid governments enrich the efficiency, effectiveness and accessibility of social classes for smarter cities. economic terms have been no longer disclosed.
(emblem: http://pictures.prnewswire.com/prnh/20090416/IBMLOGO )
Curam software is used in additional than eighty govt company initiatives everywhere to supply the most applicable social classes to citizens and their families in a well timed manner, bring capabilities more with ease and always display screen progress toward reaching people's social and financial potential. The software is used by using health and human functions, team of workers features, and social security groups around the world to carry welfare, social coverage and each particular person and supplier based mostly social classes.
Curam software makes it possible for cities and governments to supply a single view of benefits and services attainable across organizations, ranges of govt and private and never-for-profit agencies. The Social trade Platform comprises processes to carry all types of programs and offers the flexibility vital to right now replace them as policy makers react to diverse financial instances. Curam software's Platform additionally allows for government and providers to focus on reducing ordinary application charges through making certain that the merits and capabilities provided handle core considerations and that americans turn into greater self-adequate.
Curam, which capacity "care and insurance plan" in Irish, changed into established in 1990 and is based mostly in Dublin, ireland. some of the company's traders was enterprise eire, which helps Irish companies achieve global success.
via its Smarter Cities initiative, IBM helps cities and governments serve citizens more advantageous by adopting extra clever and efficient the right way to analyze records, anticipate complications and coordinate substances. IBM has led more than 2,000 tasks to obtain these dreams and through its acquisition of Curam software, IBM expects to extend its leadership during this enviornment.
IDC government Insights estimates the brand new Smarter Cities tips expertise market opportunity at $34 billion in 2011, increasing greater than 18 % per 12 months to $57 billion with the aid of 2014.
today's information also builds on IBM's Smarter Cities initiatives in eire. closing yr the business opened its first Smarter Cities expertise middle in Dublin at IBM's R&D Lab, where IBM works with metropolis authorities, universities, small and massive groups to analysis, develop and commercialize new techniques of making city programs greater connected, sustainable and clever. With the addition of the Curam research Institute -- which is working to enhance and set up new company fashions for managing social programs -- IBM will boost its means to aid consumers enhance the social and economic potential of individuals and their families.
"we are working to assist cities and governments in any respect tiers seriously change the way they have interaction with citizens whereas improving efficiency," pointed out Craig Hayman, normal supervisor of IBM business solutions. "we all have stories to inform about standing in lengthy traces or making countless phone calls to gain access to government services, however it does not have to be that manner. along with Curam, IBM can seriously change the manner residents do enterprise with government in a way that advantages all and sundry."
for the reason that 1999, IBM and Curam have collaborated on federal, state, local, and provincial-stage social application options all over. greater than 90 percent of Curam's shoppers use IBM WebSphere middleware and basically 70 p.c of its purchasers use IBM hardware. Curam's software is certified for use with the IBM government business Framework and has been a part of IBM international company services' integrated Case management answer considering the fact that 2001.
"After 13 years of event working with IBM, they comprehend their companies are an excellent healthy," said John Hearne, CEO, Curam software. "many of their customers already use IBM technologies and features, and they will improvement from working with Curam and IBM as one. through IBM's global reach, they can develop their client base via bringing the benefits of Curam's Social industry Platform to citizens all over the world."
IBM's announcement of its plan to acquire of Curam application follows a sequence of strikes IBM made this year to boost its offerings for cities and governments. In June, the company introduced the IBM clever Operations core, which gives a unified view of all city corporations so officers can predict movements and immediately respond. shortly thereafter, IBM introduced it deliberate to purchase i2, a number one company of intelligence analytics for crime and fraud prevention. The acquisition became completed in October.
After the acquisition is completed, Curam application could be integrated into IBM's utility neighborhood, which is a key driver of growth and profitability for the business. Curam has approximately seven hundred employees. in addition to its headquarters in Dublin, the company has workplaces in Herndon, VA.; Toronto; Frankfurt, Germany; Canberra, Australia and Bangalore, India. The acquisition is predicted to nearby the end of December field to the pride of time-honored closing situations and relevant regulatory stories.
About Curam software
Curam software is the leading issuer of social application software options, offering ideal-in-type options for social companies globally together with, health and human features, team of workers features, and social safety groups. the use of Curam's solutions, companies can immediately reap the merits of customer-centric company methods and an effects-driven integrated provider delivery mannequin Curam's options, underpinned by using the Curam Social industry Platform, combines the advantages of application constructed specifically for social programs, an commercial enterprise platform and repair-oriented architecture with the enterprise and technical flexibility required to permit agencies to put in force solutions to fulfill their strategic targets. Curam utility is headquartered in Dublin, ireland with places of work all through North america, Europe, Australia, and India. For greater information, discuss with www.curamsoftware.com.
For greater guidance about IBM, consult with: www.ibm.com/smartercities.
Nancy Kaplan 914-766-1849 mobile: firstname.lastname@example.org
Jim O'Keeffe +353 1 815 4124 cellular: 353 86 email@example.com
Curam application Ltd.Paul Horan +3531 4323067 cellular: +35386 firstname.lastname@example.org
HERNDON, Va.--(business WIRE)--Cúram software, the leading company of Social commercial enterprise administration (SEM) application options, nowadays introduced that the Cúram business application Suite™ has been validated on the new IBM government trade Framework, as one of the most first solutions for social programs and features to assist this element of the IBM Smarter Planet initiative. The IBM government trade Framework will aid businesses of all sizes use new technologies to seriously change their current assist and delivery method, enabling them to more effectively installation restricted components and respond greater at once to the birth of social functions.
facing expanding fiscal pressures, future uncertainty, and rising unemployment fees, more and more citizens are turning to executive for counsel. This want for services is growing remarkable demands on fitness and human features businesses that have been already overburdened with situations and hindered by means of dated know-how.
IBM’s executive trade Framework leverages know-how options with a view to support government agencies attain new stages of efficiency; allow more advantageous collaboration with different groups, neighborhood companies and households; and provide citizen-concentrated social functions. The Cúram solution coupled with the IBM govt business Framework provides:
"with the aid of coupling their market main, citizen-centric solution for social services with IBM’s flexible expertise backbone, businesses will ultimately have access to an answer it is handy to delivery, easy to manage & comfy, and straightforward to develop," pointed out Ernie Connon, president, Cúram software. "we're satisfied to construct their applications on suitable of IBM’s government industry Framework. With such a strategic, integrated platform, agencies can superior be sure the economic health, welfare and protection of their residents.”
Deploying the Cúram answer on the IBM Framework, social capabilities companies can make use of ingenious eligibility and case administration performance; a citizen self-provider portal that provides every time, anyplace entry to residents the usage of a ‘no incorrect door’ approach to offering features; Social enterprise administration (SEM) solution that integrates suggestions and processes across executive businesses and gives effects-pushed provider beginning.
“Cúram utility is likely one of the first utility suppliers for social features to be validated on their new executive business Framework,” stated Lonne Jaffe director Public Sector options, IBM utility community. “Curam's commercial off-the-shelf (COTS) answer for social features, constructed on properly of IBM's framework, gives social features agencies with technology it really is instrumented to empower box laborers, interconnected throughout businesses, and clever.”
SEM is a category of enterprise utility it's citizen-centric and leverages COTS products to seriously change in addition to modernize health, human capabilities, team of workers functions, and social security organizations. SEM provides complete commercial enterprise eligibility IT solutions – crossing company boundaries, simplifying policies, and integrating with current expertise. SEM fosters holistic, convenient capabilities for residents as well as provides screening for wants and referrals to state- and community-primarily based materials.
About Cúram application:
Cúram software is the leading issuer of Social business administration (SEM) application options, supplying top-quality-in-classification applications for social organizations globally together with, fitness and human functions, personnel services, and social safety businesses. the usage of the Cúram enterprise utility Suite™ agencies can instantly reap the benefits of customer-centric enterprise tactics and an effects-pushed integrated provider beginning model. The Cúram company software Suite, underpinned through the Cúram enterprise Framework™, combines the benefits of commercial off-the-shelf (COTS) software, an enterprise platform and service-oriented architecture with the business and technical flexibility required to allow corporations to put into effect solutions to fulfill their strategic ambitions. Cúram utility is headquartered in Dublin, eire with workplaces right through North the us, Europe, Australia, and India. For extra advice, talk over with www.curamsoftware.com.
IBM, the IBM emblem, ibm.com, WebSphere, SmartSOA, Smarter Planet and the planet icon are emblems of overseas enterprise Machines service provider, registered in lots of jurisdictions international. other product and service names might possibly be emblems of IBM or other groups. For a latest checklist of IBM trademarks, please see www.ibm.com/felony/copytrade.shtml
All different business, product or service names could be trademarks or registered emblems of others. Statements concerning IBM's future building plans and schedules are made for planning applications simplest, and are discipline to exchange or withdrawal with out word. Reseller costs may additionally fluctuate.
Cúram is a registered trademark of Cúram software Ltd. All Cúram items and service names are trademarks and property of Cúram application Ltd. All Rights Reserved. Copyright (C) 2009 Cúram utility Ltd.
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IAHCSMM [1 Certification Exam(s) ]
IBM [1533 Certification Exam(s) ]
IBQH [1 Certification Exam(s) ]
ICAI [1 Certification Exam(s) ]
ICDL [6 Certification Exam(s) ]
IEEE [1 Certification Exam(s) ]
IELTS [1 Certification Exam(s) ]
IFPUG [1 Certification Exam(s) ]
IIA [3 Certification Exam(s) ]
IIBA [2 Certification Exam(s) ]
IISFA [1 Certification Exam(s) ]
Intel [2 Certification Exam(s) ]
IQN [1 Certification Exam(s) ]
IRS [1 Certification Exam(s) ]
ISA [1 Certification Exam(s) ]
ISACA [4 Certification Exam(s) ]
ISC2 [6 Certification Exam(s) ]
ISEB [24 Certification Exam(s) ]
Isilon [4 Certification Exam(s) ]
ISM [6 Certification Exam(s) ]
iSQI [7 Certification Exam(s) ]
ITEC [1 Certification Exam(s) ]
Juniper [65 Certification Exam(s) ]
LEED [1 Certification Exam(s) ]
Legato [5 Certification Exam(s) ]
Liferay [1 Certification Exam(s) ]
Logical-Operations [1 Certification Exam(s) ]
Lotus [66 Certification Exam(s) ]
LPI [24 Certification Exam(s) ]
LSI [3 Certification Exam(s) ]
Magento [3 Certification Exam(s) ]
Maintenance [2 Certification Exam(s) ]
McAfee [8 Certification Exam(s) ]
McData [3 Certification Exam(s) ]
Medical [69 Certification Exam(s) ]
Microsoft [375 Certification Exam(s) ]
Mile2 [3 Certification Exam(s) ]
Military [1 Certification Exam(s) ]
Misc [1 Certification Exam(s) ]
Motorola [7 Certification Exam(s) ]
mySQL [4 Certification Exam(s) ]
NBSTSA [1 Certification Exam(s) ]
NCEES [2 Certification Exam(s) ]
NCIDQ [1 Certification Exam(s) ]
NCLEX [2 Certification Exam(s) ]
Network-General [12 Certification Exam(s) ]
NetworkAppliance [39 Certification Exam(s) ]
NI [1 Certification Exam(s) ]
NIELIT [1 Certification Exam(s) ]
Nokia [6 Certification Exam(s) ]
Nortel [130 Certification Exam(s) ]
Novell [37 Certification Exam(s) ]
OMG [10 Certification Exam(s) ]
Oracle [282 Certification Exam(s) ]
P&C [2 Certification Exam(s) ]
Palo-Alto [4 Certification Exam(s) ]
PARCC [1 Certification Exam(s) ]
PayPal [1 Certification Exam(s) ]
Pegasystems [12 Certification Exam(s) ]
PEOPLECERT [4 Certification Exam(s) ]
PMI [15 Certification Exam(s) ]
Polycom [2 Certification Exam(s) ]
PostgreSQL-CE [1 Certification Exam(s) ]
Prince2 [6 Certification Exam(s) ]
PRMIA [1 Certification Exam(s) ]
PsychCorp [1 Certification Exam(s) ]
PTCB [2 Certification Exam(s) ]
QAI [1 Certification Exam(s) ]
QlikView [1 Certification Exam(s) ]
Quality-Assurance [7 Certification Exam(s) ]
RACC [1 Certification Exam(s) ]
Real-Estate [1 Certification Exam(s) ]
RedHat [8 Certification Exam(s) ]
RES [5 Certification Exam(s) ]
Riverbed [8 Certification Exam(s) ]
RSA [15 Certification Exam(s) ]
Sair [8 Certification Exam(s) ]
Salesforce [5 Certification Exam(s) ]
SANS [1 Certification Exam(s) ]
SAP [98 Certification Exam(s) ]
SASInstitute [15 Certification Exam(s) ]
SAT [1 Certification Exam(s) ]
SCO [10 Certification Exam(s) ]
SCP [6 Certification Exam(s) ]
SDI [3 Certification Exam(s) ]
See-Beyond [1 Certification Exam(s) ]
Siemens [1 Certification Exam(s) ]
Snia [7 Certification Exam(s) ]
SOA [15 Certification Exam(s) ]
Social-Work-Board [4 Certification Exam(s) ]
SpringSource [1 Certification Exam(s) ]
SUN [63 Certification Exam(s) ]
SUSE [1 Certification Exam(s) ]
Sybase [17 Certification Exam(s) ]
Symantec [135 Certification Exam(s) ]
Teacher-Certification [4 Certification Exam(s) ]
The-Open-Group [8 Certification Exam(s) ]
TIA [3 Certification Exam(s) ]
Tibco [18 Certification Exam(s) ]
Trainers [3 Certification Exam(s) ]
Trend [1 Certification Exam(s) ]
TruSecure [1 Certification Exam(s) ]
USMLE [1 Certification Exam(s) ]
VCE [6 Certification Exam(s) ]
Veeam [2 Certification Exam(s) ]
Veritas [33 Certification Exam(s) ]
Vmware [58 Certification Exam(s) ]
Wonderlic [2 Certification Exam(s) ]
Worldatwork [2 Certification Exam(s) ]
XML-Master [3 Certification Exam(s) ]
Zend [6 Certification Exam(s) ]
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