IBM (IBM) recently bought MRO (maintenance, repair, and operations) inventory software company Oniqua. However, the financial terms and conditions of the deal were not disclosed. The newly acquired company, which offers inventory optimization software for the mining, oil and gas, transportation, utilities, and manufacturing industries, provides support to more than 50 of the largest enterprises in the world.
Importance of the deal
The chart above shows IBM’s acquisitions over the last five years. The Oniqua deal may help IBM integrate its own MRO solutions, Maximo and Tririga, with Oniqua, driving its industrial Internet of Things business. The successful integration could allow it to offer clients with better MRO inventory management through predictive analysis, thereby reducing operational downtime.
In May, IBM bought analytics software company Armanta. Armanta’s technology helps financial companies comply with regulatory guidelines to avoid fines.
In the last week, there have been some major IT acquisitions. Microsoft (MSFT) bought GitHub for $7.5 billion, Workday (WDAY) acquired financial modeling start-up Adaptive Insights for $1.6 billion, and Accenture (ACN) is set to acquire designaffairs.