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IBM Plans to Acquire Merge Healthcare Tech for $1B

acquisition,  mergerTYSONS CORNER, VA August 10, 2015 — IBM (NYSE: IBM) is looking to strengthen Watson’s image analytics and cognitive abilities with a planned purchase of Merge Healthcare (Nasdaq: MRGE), maker of medical imaging and clinical systems based in Chicago, ExecutiveBiz reported Friday.

IBM said Thursday it expects the $1 billion transaction to build the Watson Health Cloud’s ability to derive new insights from images sourced from various devices, databases and other resources.

Healthcare will be one of IBM’s biggest growth areas over the next 10 years, ” said John Kelly, senior vice president of IBM Research and Solutions Portfolio.

“Watson’s powerful cognitive and analytic capabilities, coupled with those from Merge and our other major strategic acquisitions, position IBM to partner with healthcare providers, research institutions, biomedical companies, insurers and other organizations committed to changing the very nature of health and healthcare in the 21st century.”

About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. It provides its members an opportunity to learn from peer business executives and government thought leaders while providing an interactive forum to develop key business and partnering relationships. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and delivers robust and reliable content through seven influential websites and four consequential E-newswires. Executive Mosaic is headquartered in Tysons Corner, VA. www.executivemosaic.com

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