(Reuters) - International Business Machines has agreed to sell its weather business to private equity firm Francisco Partners for an undisclosed sum, ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - 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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