International Business Machines Corp. (NYSE: IBM) said Tuesday it plans to buy RedPill Solutions, a privately held company based in
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The company did not say how much it is paying. It expects to close the deal later this year.
IBM said the addition of RedPill will bolster its analytics services offerings and help customers make better use of information for strategic planning.
RedPill, a customer-management services company, was founded in 2000. Its focus includes churn and risk management for the financial services, telecommunications, technology and hospitality industries.
IBM shares advanced 4 cents to $121.61 in premarket trading.
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