IBM beefs up analytics capabilities with new acquisition

 

IBM has announced it’s to acquire Initiate Systems, a provider of data integrity software for information sharing among healthcare and government organizations. The company is based in Chicago, and becomes the 30th acquisition made by IBM to advance its capabilities in information and analytics. Neither party has disclosed the deal’s financial details.

 

Initiate's software helps healthcare 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.

 

"With the addition of Initiate's softwareand its industry expertise, IBM will offer clients a comprehensive solution for delivering the information they need to improve the well-being of patients at a lower cost," said Arvind Krishna, general manager, Information Management, IBM. "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."

 

Initiate's healthcare clients include payers and providers as well as retailers selling prescription drugs. Among these clients are Alberta Ministry of Health and Wellness, BMI Healthcare (UK), Calgary Health Region, CVS/Caremark, Humana, Ochsner Health System, the State of North Dakota's Department of Health and Human Services and the University of Pittsburgh Medical Centre.