IBM Closes Deal to Acquire The Weather Company's Product and Technology Businesses
• Global Expansion of weather.com Aims to Dramatically Expand User Base
• The Weather Company CEO David Kenny to Lead IBM Watson Unit
IBM today announced that it has closed the acquisition of The Weather Company's B2B, mobile and cloud-based web-properties, weather.com, Weather Underground, The Weather Company brand and WSI, its global business-to-business brand. The cable TV segment was not acquired by IBM, but will license weather forecast data and analytics from IBM under a long-term contract.
The combination of technology and expertise from the two companies will serve as the foundation for the Watson IoT Cloud platform, building on a $3B commitment IBM made in March 2015 to invest in the Internet of Things.
Maureen McNamaraDirector of Research MediaUnited Statesmcn@us.ibm.com(914) 499-4484
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