Search Results for: ibm

IBM Elects SVP Virginia Rometty as President, CEO as of Jan. 1, 2012

IBM‘s (NYSE: IBM) board of directors has elected 31-year company veteran Virginia M. Rometty to succeed Samuel Palmisano as president and CEO, effective Jan. 1, 2012. Palmisano will retain his position as chairman of the board. Rometty has joined the board effective of the announcement. Rometty currently serves as IBM’s senior vice president …

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IBM Wins DARPA Award for Language Translation, Communication Technology

IBM (NYSE: IBM) has been awarded a Defense Advanced Research Projects Agency contract to create technology that translates multiple foreign languages in all genres. The company will develop technology that can retrieve information from the translated material and enable bilingual communication via speech or text. Work is expected to be completed by Sept. …

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OMG Adds IBM, Northrop Grumman Execs to Board

The Object Management Group (OMG) announced the election of board members after its quarterly meeting in Orlando, Fla. The re-elected members include Sridhar Iyengar, an IBM Rational software expert and Richard A. Russel of Northrop Grumman Mission Systems. “The unifying theme among the (board members) is tremendous expertise in delivering integrated …

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IBM to Acquire Product Development Firm Platform Computing

IBM (NYSE: IBM) has entered into a definitive agreement to acquire Platform Computing. Although the financial terms have not been disclosed, the acquisition is anticipated to close in the fourth quarter of 2011. Platform Computing provides applications that fuel product development and critical business decisions, among other services. In combination with IBM systems, …

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IBM Completes Purchase of Big Data, Intelligence Analytics Firm

IBM (NYSE: IBM) has completed its acquisition of i2 Group, an intelligence analytics firm. The move will expand IBM’s big data analytics software and help governments and law enforcement access and analyze information to combat crime, fraud and other security threats, IBM said in a release. The company said its software will …

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CIBER Appoints Ex-IBM Exec Rick Genovese as EVP of North American Operations

CIBER, Inc. (NYSE: CBR) has appointed Rick Genovese as executive vice president of its north american operations, effective Sept. 6, 2011. Genovese will be responsible for strategy, delivery and full profit and loss performance of the operating segment, which accounted for 45 percent of CIBER’s revenue in 2010. Genovese has more …

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IBM to Acquire Intelligence Analytics Firm to Enhance Defense, Public Safety Offerings

IBM (NYSE: IBM) has entered a definitive agreement to acquire intelligence analytics firm i2 Group. i2 provides intelligence and investigation management software for law enforcement, defense, national security and private sector organisations and has more than 4, 500 customers in 150 countries. IBM said the move will expand its business analytics capabilities …

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Mo. Governor Helps Cut Ribbon on New IBM Service Delivery Center

Missouri Gov. Jay Nixon joined a group of IBM (NYSE: IBM) executives and local business and government leaders in cutting the ribbon on IBM’s new service delivery center in Columbia, Mo., last week. “Creating high-quality, career-supporting jobs is the top priority of my administration, and IBM’s locating a new technology …

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IBM Announces New Resources to Smooth Transition to Software

In a bid to lure Oracle customers, IBM announced Friday new resources to help customers make the transition — or what IBM called “move up” — to IBM software. The perks include no-charge financial and technology assessments, skills-training courses and a proof-of-concept to perform a side-by-side cost/performance comparison between IBM …

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IBM Makes Financial Moves

IBM’s (NYSE: IBM) board of directors has announced a regular quarterly cash dividend of $0.75 per common share, payable June 10 to stockholders of record May 10. According to the firm, “the board today also authorized $8 billion in additional funds for use in the company’s stock repurchase program. IBM …

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