IBM Completes Acquisition of Emptoris

0.97 min. | 0 user rating | 45 views

IBM (NYSE:IBM) has completed its acquisition of Emptoris. The acquisition expands IBM's cloud-based analytics offerings. Craig Hayman, general manager, IBM Industry Solutions said, "Developing the right procurement strategy and an adaptive supply chain are keys to achieving the business objectives of Smarter Commerce. Emptoris and IBM's integrated solutions will transform how clients manage compliance and mitigate supply risk." With the closing of this acquisition, approximately 725 Emptoris employees will join IBM's software group. International Business Machines (NYSE:IBM) has potential upside of 2.1% based on a current price of $194.13 and an average consensus analyst price target of $198.21. International Business Machines is currently above its 50-day moving average (MA) of $185.96 and above its 200-day of $176.45.
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