Francisco Partner To Buy The Weather Company Assets From IBM For Undisclosed Terms

RTTNews | Před 722 dny
Francisco Partner To Buy The Weather Company Assets From IBM For Undisclosed Terms

(RTTNews) - IBM (IBM) and investment firm Francisco Partner announced Tuesday that the two companies have signed a definitive agreement under which Francisco Partners will acquire The Weather Company assets from IBM. Specific terms of the transaction were not disclosed.

The Weather Company will also bring its forecasting science and technology platform to Francisco Partners.

IBM will retain its sustainability software business, including its Environmental Intelligence Suite (EIS) to help clients curate, measure, report and operationalize ESG data to inform decision making, improve performance and meet regulatory requirements.

IBM intends to continue leveraging The Weather Company's weather data for EIS, which spans various climate related use cases. EIS also uses a geospatial foundational AI model powered by NASA's satellite dataset and offered as part of watsonx, IBM's AI and data platform.

Since its launch over 20 years ago, Francisco Partners has invested in over 400 technology companies.

The transaction is expected to close by the end of first quarter of 2024 and is subject to regulatory approvals, completion of local labor processes and other customary closing conditions.

Značky : IBM
read more
IBM Suspends Ads On X Over Antisemitic Posts

IBM Suspends Ads On X Over Antisemitic Posts

IBM has pulled advertisements from X, formerly called Twitter after its ads were placed next to antisemitic content on the social media platform, reports said. The move comes after X owner Elon Musk supported an antisemitic post on the platform and issued statements. While talking about the decision, an IBM spokesperson stated that the company has zero tolerance for hate speech and discrimination.
RTTNews | Před 635 dny
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

The Switzerland market closed on a firm note on Wednesday, despite struggling for support mid way through the day's trading session. Investors largely made their moves, reacting to the most recent earnings updates.
RTTNews | Před 1 h 45 min
European Stocks Close Mostly Higher

European Stocks Close Mostly Higher

European stocks closed mostly higher on Wednesday on rising optimism about a rate cut by the Federal Reserve in September, and easing trade and geopolitical tensions. Gains were somewhat modest in several markets and traders chose to stay cautious at higher levels, choosing to wait for more economic data, and news from the tariff front.
RTTNews | Před 2 h 3 min
Bay Street Likely To Open On Positive Note

Bay Street Likely To Open On Positive Note

Canadian stocks may open higher on Wednesday, amid continued optimism about Fed interest rate cut, and easing geopolitical tensions ahead of talks between U.S. President Donald Trump and Russian President Vladimir Putin that is scheduled to take place on Friday.
RTTNews | Před 6 h 47 min
U.S. Dollar Extends Fall Amid Fed Rate Cut Speculation

U.S. Dollar Extends Fall Amid Fed Rate Cut Speculation

The U.S. dollar continued to trade lower against other major currencies in the European session on Wednesday, as the U.S. Consumer Price Index data from July has raised expectations that the Fed would lower interest rates in September.
RTTNews | Před 7 h 12 min
CAC 40 Up Nearly 0.5%; Essilor Rises Sharply

CAC 40 Up Nearly 0.5%; Essilor Rises Sharply

French stocks are gaining some ground in positive territory on Wednesday, extending previous session's rise, amid continued optimism the Fed will reduce interest rate next month, and on slightly easing concerns about tariff after the U.S. decided to extend its pause on higher tariffs against China till November 10.
RTTNews | Před 8 h 23 min