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MarketScreener Homepage  >  Equities  >  Nyse  >  International Business Machines Corporation    IBM

INTERNATIONAL BUSINESS MACHINES CORPORAT (IBM)
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International Business Machines : IBM sells off police data-search software developed at the UA

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10/05/2017 | 02:38am CEST

Oct. 04--IBM Corp. has sold its Coplink business, a suite of sophisticated data-analysis software for law enforcement agencies developed at the University of Arizona, to a California-based company.

Terms of the sale to Walnut Creek-based Forensic Logic, a provider of network-search technology and cloud-based information services to law enforcement, were not disclosed.

The widely used Coplink software is a search tool that meshes police data from disparate databases, such as 911 calls and mugshot files, to help solve crimes.

Coplink was created in 1998 by Hsinchun Chen, a UA Regents professor in the Eller College of Management'sManagement Information Systems Department and head of the UA's artificial-intelligence lab.

Knowledge Computing Corp., which Chen founded in 2000 to commercialize the Coplink technology, was acquired in 2009 by United Kingdom-based i2 Holdings Ltd.IBM acquired i2 in 2011 for a reported $500 million.

Founded in 2003, Forensic Logic is one of the fastest-growing public-safety technology providers in the country, the company said.

Bob Batty, CEO of Forensic Logic, said Coplink will be integrated into one platform with the company's search and analytical tools and data network.

IBM said COPLINK provides public-safety software and services to more than 5,100 law enforcement jurisdictions across the nation, with a core analysis platform and an array of software tools for investigations, operations, and compliance.

The companies didn't say how many IBM employees will be affected by the acquisition or what will happen to those workers, and that information was not immediately available, a Forensic Logic spokesman said.

At the time of the acquisition by IBM, i2 reportedly had about 100 employees in Tucson at an office at 7750 E. Broadway.

IBM does not discuss employment levels. The company had an estimated 1,300 employees at its storage-technology group at the UA Tech Park as of 2014.

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Contact senior reporter David Wichner at dwichner@tucson.com or 573-4181. On Twitter: @dwichner

___

(c)2017 The Arizona Daily Star (Tucson, Ariz.)

Visit The Arizona Daily Star (Tucson, Ariz.) at www.tucson.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ($)
Sales 2018 80 322 M
EBIT 2018 14 433 M
Net income 2018 10 848 M
Debt 2018 32 277 M
Yield 2018 4,23%
P/E ratio 2018 12,43
P/E ratio 2019 12,05
EV / Sales 2018 2,04x
EV / Sales 2019 2,00x
Capitalization 131 B
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Mean consensus HOLD
Number of Analysts 25
Average target price 164 $
Spread / Average Target 13%
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NameTitle
Virginia M. Rometty Chairman, President & Chief Executive Officer
James J. Kavanaugh Chief Financial Officer & Senior Vice President
John E. Kelly Senior VP-Cognitive Solutions & Research
Martin Jetter SVP-Global Technology Services
Sidney Taurel Independent Director
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