IBM to Acquire DemandTec, Bulk Up E-Commerce Analytics
ADOTAS – IBM announced today it will acquire data analytics company DemandTec at$13.40 per share — in cash — which adds up to approximately $440 million.
DemandTec is devoted to pricing, merchandising and marketing analytics, and it’s vertically focused in retail. The company has about 450 customers, including heavy-hitters like Target, Unilever and Fresh Direct, and it holds 31 patents. IBM is bulking up its “Smarter Commerce” (a roughly $20 billion market, according to IBM) efforts here: DemandTec’s cloud-based software analyzes in real time both online and in-store purchase scenarios, taking into account factors ranging from competitors’ prices and the customer’s buying history to the weather itself. The company will be integrated into IBM’s Software Group, and this software-as-service acquisition shows IBM jockeying for position in retail software capabilities against SAP and Oracle.
The acquisition will have to go before DemandTec shareholders for approval and pass regulatory clearances, with IBM projecting the actual closing for the first quarter of 2012.Meanwhile, DemandTec is expected to report $91.4 million in revenue for the current fiscal year.
No comments yet
Leave a Comment
- Mobile Moment Targeting–The Lessons from (we know you’re tired of hearing about it) Pokémon Go
- Video Advertising Bureau: TV Brands Dominate Millennials’ Video Viewing
- Retail-Related Mobile Searches Continue Once Customer Enters Store: Hitwise
- Three Marketing Lessons from Pokémon Go (and it’s not about AR)
- IRIS.TV Grabs Two Top Engineers from Yahoo!; ClickDealer and MobAir Join Forces to Launch Global Digital Marketing Group; MPP Global Launches Predictive Churn Functionality