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Waltham’s OpenPages, a developer of risk management systems, is acquired by IBM October 3, 2010

Posted by HubTechInsider in Acquisitions, Startups.
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Waltham’s OpenPages, a developer of risk and compliance management systems, is acquired by Armonk, New York -based IBM for undisclosed terms.

In a statement, Rob Ashe, IBM’s general manager of business analytics, said: “Integrating risk management systems across once-divided units and functions is essential to seeing the bigger picture. The combination of IBM and OpenPages will provide a holistic and consistent approach to risk management helping companies combine that insight with performance management to drive better decision making.”

OpenPages is the latest IBM acquisition in Massachusetts. Last month, IBM said it was purchasing Unica Corp. of Waltham for $480 million. Over the years, IBM has scooped up more than a dozen Massachusetts businesses in such fields as data storage and security.

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