IBM is promoting belongings of The Climate Firm — together with Climate
NEW YORK — NEW YORK (AP) — IBM is promoting belongings of The Climate Firm — together with Climate.com and The Climate Channel cell app — to non-public fairness agency Francisco Companions.
The 2 firms introduced the deal Tuesday that additionally contains The Climate Firm’s forecasting science and expertise platform and different digital properties. They didn’t disclose its value.
IBM agreed to purchase The Climate Channel cell app together with the digital belongings of The Climate Firm in 2015 for $2 billion — however didn’t purchase The Climate Channel seen on TV. Allen Media Group has owned the Climate Group, which incorporates The Climate Channel tv community, since 2018.
IBM will nonetheless retain its sustainability software program enterprise, together with the Environmental Intelligence Suite. The Armonk, New York-based tech firm stated it additionally plans to nonetheless use The Climate Firm’s climate information for this expertise.
In response to Tuesday’s announcement, The Climate Firm reaches a median of greater than 415 million individuals every month by way of its consumer-facing digital properties and greater than 2,000 companies by way of its enterprise choices.
Rob Thomas, IBM’s senior vp of software program and chief industrial officer, stated the deal displays IBM’s deal with synthetic intelligence and hybrid cloud expertise.
The sale is about to shut in early 2024, the businesses stated.