IBM Announces Planned Acquisition of Promontory to Transform Regulatory Compliance with Watson
Promontory’s 600 professionals and offerings will form the foundation of new Watson Financial Services portfolio from IBM’s Industry Platforms business
ARMONK, N.Y. – 29 Sep 2016: IBM today announced plans to acquire Promontory Financial Group, a global market-leading risk management and regulatory compliance consulting firm. Upon close, the capabilities of Promontory combined with IBM’s deep industry expertise and Watson’s cognitive capabilities will directly address the massive operational effort and manual cost of escalating regulation and risk management requirements. (more…)