IBM acquires Curam Software, pushes Smarter Cities initiative
IBM signed a definitive agreement to acquire Curam Software Ltd. to help governments improve the efficiency and accessibility of social programs for smarter cities. The financial terms were not disclosed.
Curam Software is used in more than 80 government agency projects around the world to provide social programs to citizens and their families in a timely manner, deliver services more effectively and continuously monitor progress toward achieving people’s social and economic potential.
The software is used by health and human services, workforce services, and social security organizations around the world to deliver welfare, social insurance and both individual and employer based social programs.
“We are working to help cities and governments at all levels transform the way they interact with citizens while improving efficiency,” said Craig Hayman, General Manager of IBM Industry Solutions. “Together with Curam, IBM can transform the way citizens do business with government in a way that benefits everyone.”
Curam Software allows cities and governments to provide a single view of benefits and services available across agencies, levels of government and private and not-for-profit organizations.
After the acquisition is completed, Curam Software will be integrated into IBM’s Software Group, which is a key driver of growth and profitability for the company. Curam has approximately 700 employees.
Through its Smarter Cities initiative, IBM helps cities and governments serve citizens better by adopting more intelligent and efficient ways to analyze data, anticipate problems and coordinate resources. The company has led more than 2,000 projects to achieve these goals and through its acquisition of Curam Software, IBM expects to extend its leadership in this area.
IDC Government Insights estimates the new Smarter Cities information technology market opportunity at $34 billion in 2011, increasing more than 18 percent per year to $57 billion by 2014.
“After 13 years of experience working with IBM, we know our companies are an excellent fit,” said John Hearne, CEO, Curam Software. “Many of our clients already use IBM technologies and services, and they will benefit from working with Curam and IBM as one.”
IBM’s announcement of its plan to acquire Curam Software follows a series of moves the company made this year to enhance its offerings for cities and governments.
In June, the company introduced its Intelligent Operations Center, which provides a unified view of all city agencies, so officials can predict events and quickly respond. Shortly thereafter, IBM announced that it planned to acquire i2, a provider of intelligence analytics for crime and fraud prevention. The acquisition was completed in October.
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