• 29-JAN-2016

IBM Closes Deal to Acquire The Weather Company's Product and Technology Businesses

• Cloud Data Platform to be Foundation for IBM IoT, Supporting Tens of Millions of Users and Billions of Interactions Per Day
• 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.