IBM is selling The Weather Company assets to private equity firm Francisco Partners

IBM will still retain its sustainability software business, including the Environmental Intelligence Suite. The Armonk, New York-based tech company said it also plans to still use The Weather Company’s weather data for this technology.

According to Tuesday’s announcement, The Weather Company reaches an average of more than 415 million people each month through its consumer-facing digital properties and more than 2,000 businesses through its enterprise offerings. Rob Thomas, IBM’s senior vice president of software and chief commercial officer, said the deal reflects IBM’s focus on artificial intelligence and hybrid cloud technology.Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

IBM is selling The Weather Company assets to private equity firm Francisco PartnersIBM is selling assets of The Weather Company — including Weather.
Source: ksatnews - 🏆 442. / 53 Read more »

IBM Sells Weather Company Assets to Francisco PartnersTechnology giant IBM seems to think the wind is blowing in a different direction. The company said Tuesday that it had agreed to sell its Weather Company — a collection of digital and analyti…
Source: Variety - 🏆 108. / 63 Read more »

IBM is selling The Weather Company assets to private equity firm Francisco PartnersIBM is selling assets of The Weather Company — including Weather.com and The Weather Channel mobile app — to private equity firm Francisco Partners.
Source: AP - 🏆 728. / 51 Read more »

IBM selling The Weather Channel and the rest of its weather businessIBM will sell The Weather Company to Francisco Partners, a tech-focused private equity firm, for an undisclosed sum, it announced Tuesday.
Source: CNBC - 🏆 12. / 72 Read more »

IBM Agrees to Sell Weather BusinessFrancisco Partners has agreed to acquire The Weather Company assets, including the popular Weather.com platform, from International Business Machines.
Source: WSJ - 🏆 98. / 63 Read more »