September 1, 2011
It all started in 1998 when Dr. Hsinchun Chen and his Artificial Intelligence Lab (AI Lab) formed Knowledge Computing Corporation (KCC.)
Over many years KCC developed the award winning analysis software called COPLINK®. COPLINK was one of the first commercially available products that let police agencies rapidly share crime information across jurisdictional lines and analyze the data. The system allows investigators to access a wide variety of sources to link suspects to crimes, identify and apprehend them.
In July of 2009 Knowledge Computing was acquired by i2 Holdings Ltd, the premier global provider of intelligence and investigation management software. i2 is a British based company that currently employs about 100 people in their Tucson office.
Now, just one year later, IBM announces that it has agreed to buy i2. The value of the deal was not disclosed but it is understood to be around $500 million.
There will be no operational changes are planned for i2, and its employees will remain in their current offices, IBM spokeswoman Nancy Kaplan said. The company, whose local office is at 7750 E. Broadway, will become part of IBM's Industry Solutions group, Kaplan said.
The above is a perfect example of how research can transfer into real-world businesses. Through Dr. Chen's technology expertise, know-how and development he and his team were able to effectively transfer "lab" results into a new product that improved an old process and provide employment for several hundred people.
Read the full media releases on this acquisition
Financial Times "IBM buys UK crime analytics company i2"
Arizona Daily Star "IBM to buy analytics firm with Tucson site"