IBM announced today that it has closed its 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 acquisition does not include the company’s cable TV segment, which includes The Weather Channel, but the segment will license weather forecast data and analytics from IBM under a long-term contract.
In a statement, IBM said: “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. The deal broadly extends the scale and capability of IBM’s cloud data services platform and expands The Weather Company’s enterprise services capabilities and consumer reach to a global scale, including plans to bring weather.com to new major markets such as China and India.”
Commenting on the acquisition, Dave Shull, CEO of The Weather Channel Television Network, said: “Heading into this new chapter as The Weather Channel Television Network, we have heightened focus on innovation, first-class storm coverage and hyper-localized weather information available through our various TV platforms including: The Weather Channel, WeatherScan and Local Now.”