IBM sells The Weather Company assets to Francisco Partners
image for illustrative purpose
IBM sells The Weather Company assets to Francisco Partners IT major IBM has sold The Weather Company, the weather forecasting and information company it acquired in 2015 for $2 billion, to global investment firm Francisco Partners for an undisclosed sum. The assets being acquired by Francisco Partners include The Weather Company's digital consumer-facing offerings, The Weather Channel mobile and cloud-based digital properties including Weather.com, Weather Underground and Storm Radar, as well as its enterprise offerings.
The Weather Company will also bring its forecasting science and technology platform to Francisco Partners.
IBM will retain its sustainability software business, including its Environmental Intelligence Suite (EIS) to help clients curate, measure, report and operationalise.
