Here’s How IBM is Starting Its Next Quarter

International Business Machines (NYSE:IBM) announced on Friday that it has agreed to acquire privately held Star Analytics, a Redwood City, California-based company that provides business analytics software.

“Star Analytics software addresses a rising challenge for organizations – helping to automatically integrate essential information, reporting applications and business intelligence tools across their enterprises, on premise or from cloud computing environments,” said IBM in a press release. “The software removes typical custom coding for specialized sources that are hard to maintain. It also eliminates manual processes that are cumbersome and time consuming.”

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The specific terms of the deal were not specified in the release.

Star Analytics software already performs data warehousing operations for Oracle (NASDAQ:ORCL), and its business applications will complement IBM’s data integration, middleware, and business intelligence offerings. These areas are the most profitable for IBM; its software, services, and financing units generated more than 90 percent of the company’s annual revenue in 2011.

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