Computing giant ibm has acquired specialist irish technology firm, curam software for an undisclosed sum, estimated to be in excess of 100 million. Curam software is used in more than 80 government agency projects around the world in health and human services, workforce services, and social security organizations. Ibm s acquisition of curam brought enterprise capabilities into ibm s broader smarter care strategy. Ibm today announced that it has completed its acquisition of curam software ltd. Their latest funding was raised on jun 1, 2016 from a. Ibm buys curam software, bolsters government operating. The day the deal closed, a proposal was submitted to the state of maryland. Ibm continues to develop storage systems, including tape backup, storage software and enterprise storage. A dispute over the botched rollout of marylands health insurance website ended in a settlement last week, with international business machines corp. If you are reading this, you know curam was acquired by ibm in december 2011. Ibm curam solutions reduce the time and risk that is associated with developing these complex processes, and provide simplified maintenance update capabilities. Curam software, based in dublin, is used by government agencies to deliver social programs ranging from work programs, health services and.
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. The company expands ibm s ability to help cities and governments serve citizens better by adopting more intelligent and efficient ways to assess needs, execute social programs, and maximize program results. That framework and other initiatives are part of ibms recent efforts to bolster its profile in the government sector with industryspecific software and solutions. At the time of acquisition, ibms software division capabilities. Ibm completes acquisition of curam software insurancenewsnet. Ibm curam training curam certification course live. The situation dates back to december of 2011 when ibm completed its acquisition of curam software.
The company expands ibm s ability to help cities and. Ibm acquires curam software for 100m irish examiner. Ibm acquires irish software firm curam for undisclosed sum. Ibm press room ibm today announced that it has completed its acquisition of curam software ltd. According to the settlement agreement, on december 19, 2011, ibm completed its acquisition of curam software ltd curam. Ibm acquires curam software to boost smarter cities initiative. Ibm curam solutions provide extra capabilities to handle the complex processes that are associated with most programs. Ibm has announced the completion of its acquisition of curam software ltd. Curam software was acquired by ibm on dec 20, 2011. Ibms acquisition of curam brought enterprise capabilities into ibms broader smarter care strategy. No financial details of the transaction were released.
Ibm acquired curam software in december 2011, aimed at helping cities and governments boost efficiency and provide better service to citizens. Ibm news announced the signing of a definitive agreement to acquire curam software ltd. The goal is to better help governments improve the efficiency, effectiveness and accessibility of social. The financial details of the acquisition have not been disclosed. The commitment is unprecedented in that it allows ibm customers to implement strategies that improve the health of the population as well as the patient experience while also managing the growth of costs. Ibm buys curam software, bolsters government operating software curam software, based in dublin, is used by government agencies to deliver. The company expands ibms ability to help cities and governments serve citizens better by adopting more. Ibm curam course overview mindmajix ibm curam training makes you an expert in building the applications by leveraging capabilities of developing web client applications using user interface metadata, data access using stereotyped methods and handcrafted sql, interpreting the enterprise reference model and processing class architecture, modeling curam class types and relationships. Dublin, ireland and armonk, ny, december 5, 2011 ibm nyse. Ibm had bought dublinheadquartered curam software, whose technology helped governments administer welfare services, in late 2011 for more than 100 million.
Increase decrease text size cbr staff writer 6th december 2011. Ibms newlyacquired irish company was bidding to provide. Ibm agrees to buy curam software analyst blog nasdaq. Ibm extends smarter cities initiative through acquisition. Meanwhile, ibm bought dublinbased curam software for an. Cravath represented ibm in connection with this transaction. Ibm has signed a definitive agreement to acquire curam software ltd. The company expands ibm s ability to help cities and governments serve citizens better by adopting more intelligent and efficient ways to assess needs. Technology giant ibm is to buy irish software company curam software ltd to deliver social programmes for smarter cities. This program is licensed under the ibm program license agreement ipla and the associated agreement for acquisition of software maintenance, which provide for support with ongoing access to releases and versions of the program. Fujitsu introduces three new services for analytical simulations.
Ibm extends smarter cities initiative through acquisition of curam. Developed specifically for government, ibms social program management solutions combine domainspecific business processes, data models and rules with a flexible, open architecture for application modernization, allowing agencies to deliver public services that are. Today, ibm acquired curam software, a leading provider of social program software solutions, delivering bestinclass solutions for social enterprises globally including, health and human services, workforce services, and social security organizations. Ibm smarter cities software to play key role in the. Ibm completes curam buy to enhance smarter cities effort. Ibm announces its plans to acquire curam software, a maker of social programs software, to enhance its smarter cities initiative. Ibm has been offering curams case management software on top of the framework to social services agencies. Curam which has been trading for 12 years and provides software solutions for urban councils, government agencies and nonprofit organisations is expected. Ibm buys curam software, bolsters government operating software. Curam software, the dublin provider of software to help government agencies administer social welfare and health services, has been acquired by ibm. Ibm announced the signing of a definitive agreement to acquire curam software ltd.
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