IBM Closes Deal to Acquire The Weather Company's Product and Technology Businesses

Cloud Data Platform to be Foundation for IBM IoT, Supporting Tens of Millions of Users and Billions of Interactions Per Day
Global Expansion of weather.com Aims to Dramatically Expand User Base
 The Weather Company CEO David Kenny to Lead IBM Watson Unit

IBM today announced that it has closed the acquisition of The Weather Company's B2B, mobile and cloud-based web-properties, weather.com, Weather Underground, The Weather Company brand and WSI, its global business-to-business brand. The cable TV segment was not acquired by IBM, but will license weather forecast data and analytics from IBM under a long-term contract.

The combination of technology and expertise from the two companies will serve as the foundation for the Watson IoT Cloud platform, building on a $3B commitment IBM made in March 2015 to invest in the Internet of Things.