IBM Acquires Data Management Software Company Initiate Systems

IBM has acquired Chicago-based software firm Initiate Systems. Initiate helps healthcare providers and other government organizations manage and organize data across various sources. Terms of the deal were not disclosed. It appears that the acquisition is aimed at boosting IBM's healthcare offerings. According to IBM, Initiate's software us currently in use at more than 2,400 healthcare sites, over 40 health information exchanges and multiple government health systems around the world including CVS/Caremark, Blue Cross Blue Shield, United Healthcare Services and the Department of Veterans Affairs.