Francisco Partners to Acquire The Weather Company Assets from IBM

ARMONK, N.Y. and SAN FRANCISCO, Aug. 22, 2023 /PRNewswire/ -- IBM (NYSE: IBM) and Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, today announced that the two companies have signed a definitive agreement under which Francisco Partners will acquire The Weather Company assets from IBM. The Weather Company will also bring its forecasting science and technology platform to Francisco Partners. The Weather Company provides highly accurate weather data to consumers and businesses and is among the top 10 most trusted brands in America1. IBM intends to continue leveraging The Weather Company's weather data for EIS, which spans various climate related use cases. Francisco Partners' investments have focused on companies that provide the best possible products and service for its customers and partners.