IBM sells weather business to private equity firm Francisco Partners

📆 2023/08/22 20:23:00
📰 ChannelNewsAsia

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International Business Machines has agreed to sell its weather business to private equity firm Francisco Partners for an undisclosed sum, the technology services giant said on Tuesday.The sale includes The Weather Company's consumer-focused assets such as Weather.com and Storm Radar, as well as enterprise

International Business Machines has agreed to sell its weather business to private equity firm Francisco Partners for an undisclosed sum, the technology services giant said on Tuesday.

The so-called Environmental Intelligence Suite uses a NASA-powered model and is offered as part of Watsonx, IBM's artificial intelligence and data platform. The Wall Street Journal had reported in April that IBM was exploring a sale of its weather business in a deal that could be valued at more than $1 billion.

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