IBM: buys US IoT firm Oniqua

(CercleFinance.com) - IBM has agreed to buy US software firm Oniqua for an undisclosed sum, it said Monday, as the IT company continues to acquire companies that can build its capabilities in IoT and cloud.


Privately held Oniqua has is specialised maintenance repair and operations (MRO) solutions and mainly focused on mining, oil & gas, transportation, and utilities.

Based in Denver, it has offices in Brisbane, Australia.

This acquisition is intended to help IBM's clients predict when critical parts and equipment might fail, as 50% of annual unscheduled asset downtime may be attributed to the lack of spare parts and stock-outs, IBM said.

Copyright (c) 2018 CercleFinance.com. All rights reserved.