IBM Exceeds Budget on Information Management

IBM Exceeds Budget on Information Management

IBM admitted it has exceeded its planned expenditure of US$1 billion (£641 million) on information management. The company spent $5 billion (£3.2 billion) for the acquisition of BI vendor Cognos this year. IBM also revealed it will remain shelling out billions of dollars on technology that aids businesses in real-time evaluating of data and the employment of that data to mollify risk as well as build new business opportunities.


Steve Mills, IBM software chief , said, "We've invested many billions of dollars in acquisitions to enhance [IBM's Information on Demand product and service line]. It's been a very big investment, far more than the $1 billion (£641 million) we first talked about. We essentially ran through that first billion in six months and have spent several billion more since."



The computer giant made further announcements at the Information on Demand conference in Las Vegas, including the company's update on the solidDB Universal Cache and the enhancement of its  InfoSphere software.



IBM is known as the world's largest computer firm and IT employer. It manufactures and sells computer hardware and software, and offers infrastructure services, hosting services, and consulting services in areas ranging from mainframe computers to nanotechnology.