Intel acquires Saffron
As Microsoft continues to pick up smaller companies at an accelerated rate, it looks like Intel slowly increases its corporate acquisitions rate as well. Their latest purchase is Saffron, a leader of the cognitive computing market. According to the official blog post by Josh Walden on the [email protected] blog, the exclusive technology provided by Saffron "ingests data from disparate sources and automatically connects the dots to help businesses of all kinds improve decision-making."
Saffron has offices in Cary, North Carolina and Silicon Valley, its customer base including insurance, manufacturing, healthcare, and aerospace businesses. They use Saffron's cognitive computing solutions Streamline and Advantage to anticipate market trends, mitigate risk, and optimize processes, but also to personalize customer experiences.
Saffron's apps can run independently, but can also integrate into existing architecture in the cloud or on premise. While their efforts will help Intel in the IoT, big data, and security areas as part of the New Devices Group, Saffron will also go on as a standalone business. The financial terms of the deal have not been disclosed.