Sunday , 16 June 2019
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IBM acquires health tech startups Explorys and Phytel

IBM acquires health tech startups Explorys and Phytel

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IBM announced today that it has acquired two startups, Explorys and Phytel, to beef up its health-focused data analytics efforts.

Both startups provided cloud technologies.

“The acquisitions bolster IBM’s efforts to apply advanced analytics and cognitive computing to help primary care providers, large hospital systems and physician networks improve healthcare quality and effect healthier patient outcomes,” IBM said in a statement today.

Explorys, for its part, spun out of the Cleveland Clinic in 2009. The startup offered a cloud service for combining several types of data and handling business intelligence and predictive analytics.

IBM did not disclose the terms of either of the acquisitions.

The deals follow IBM’s acquisitions last month of AlchemyAPI and assets from startup Blekko.

Developing….

International Business Machines Corporation, abbreviated IBM and nicknamed Big Blue (for its official corporate color), is a global technology and innovation company headquartered in the Northeast US. IBM is the largest technology and … read more »

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