IBM said Tuesday it’s selling its weather unit, including its mobile app and websites, Weather.com, Weather Underground and Storm Radar. The buyer is Francisco Partners, a tech-focused private equity firm. The price was not disclosed. As part of the deal, IBM will retain access to the company’s weather data, which it uses to power some of the AI models it sells to enterprise clients.
The IP solutions provider says the investment by Francisco Partners and IGP Capital Enables LiveU to focus on long-term strategy, accelerate and advance its business objectives.
Francisco Partners, the new owners of Grass Valley, wants the industry and Grass Valley’s customers to know it is committed to bringing Grass Valley back to its glory days and is prepared to invest millions over the long haul to make that happen.
