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August 22, 2023
International Business Machines has agreed to sell its weather business to private equity firm Francisco Partners for an undisclosed sum, the technology services giant said on Tuesday. ...
August 22, 2023
Upon close, The Weather Company to become standalone company, unlocking new growth potential ARMONK, N.Y. and SAN FRANCISCO, Aug. 22, 2023 /PRNewswire/ -- IBM ; class=js-l-obf link link--blue
August 22, 2023
IBM has agreed to sell The Weather Company assets to Francisco Partners, the private equity firm, for an undisclosed amount.
August 22, 2023
IBM has agreed to sell assets once tied to the Weather Channel to Francisco Partners
August 22, 2023
"Over the last few years, we've evolved IBM to be a hybrid cloud and AI company. We regularly review our portfolio to make sure our business areas are core to that strategy, and today's news reflects our continued focus on these two transformational technologies," said Rob Thomas, IBM's senior vice president, software and chief commercial officer.
August 22, 2023
The digital assets of The Weather Channel, owned by IBM since 2016, will form a standalone company backed by investment firm Francisco Partners.
August 22, 2023
The sale includes The Weather Company’s consumer-focused assets such as Weather.com and Storm Radar, as well as enterprise offerings for industries including media and aviation
August 22, 2023
Breaking News, Sports, Manitoba, Canada
August 22, 2023
Computing giant IBM on Tuesday said the Weather Channel and affiliate services will become stand-alone entities after they were acquired for undisclosed terms by tech investor Francisco Partners.