IBM to acquire RedPill

IBM announced an agreement to acquire the business of RedPill Solutions, a
privately-held company headquartered in Singapore. RedPill's data models and
expertise, developed through the successful execution of multiple analytics
projects, will enhance IBM's current work to improve the speed and quality of
clients' business decisions.

“Our growth roadmap highlights analytics as a core element of Managed
Business Process Services,” said Randy Walker, GM-Growth Markets IBM MBPS,
Growth Markets. “RedPill has strong capabilities in research and analytical
services in key growth markets that will enhance IBM's analytics services
offerings.”

“Analytics capability is now a necessity when competing in Business Process
Outsourcing deals,” said Pavan Vaish, CEO, IBM Daksh. “With this acquisition IBM
is building an advanced analytics capability that will provide a competitive
edge and differentiation, particularly in the areas of financial services and
telecommunications,” he added.

“Becoming a part of IBM will allow RedPill to leverage IBM's reach,
technology prowess and resources, and offer its expertise to a wider global
market,” said Suresh Shankar, CEO, RedPill. “IBM's Smarter Planet agenda has
analytics at its core, making it the industry's most comprehensive vision for
the future direction of business analytics. We are truly excited to be a part of
that vision,” he concluded.