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New Deal


Announced

Completed

Francisco Partners completed the acquisition of certain assets of The Weather Company from IBM.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

weather forecasting

Data Centers and Hosting

Acquisition

Domestic

Majority

Private

Private Equity

Friendly

Single Bidder

Completed

Synopsis

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Francisco Partners, a global investment firm, completed the acquisition of certain assets of The Weather Company, a weather forecasting and information technology company, from IBM, a provider of global hybrid cloud and AI, and consulting expertise. Financial terms were not disclosed. "Amid the growing volatility of weather, The Weather Company's unique set of consumer, media, and industry-specific products provide mission critical, data-driven weather insights to individuals and businesses around the world. We are excited to partner with the management team to grow The Weather Company's robust portfolio of technology offerings and deliver a great product experience for its customers," Alan Ni, Francisco Partners Partner.

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