IBM has agreed to sell its weather business to Francisco Partners for an undisclosed sum.
The deal, which was announced on August 22, 2023, is expected to close in the first quarter of 2024.
The weather business, which includes The Weather Channel and Weather.com, is a major provider of weather data and information to consumers, businesses and governments around the world.
The business has been under pressure in recent years from competition from other weather providers, as well as from the shift to mobile and online platforms.
IBM said that it is selling the weather business to focus on its core businesses of cloud computing, artificial intelligence, and consulting.
The company said that it will continue to use The Weather Company’s weather data for its own products and services.
.The sale of the weather business is the latest in a series of divestitures by IBM.
In recent years, the company has sold its optical storage business, its semiconductor manufacturing business, and its software business.
The sale of the weather business is a sign of IBM’s ongoing transformation.
The company is shifting its focus away from traditional hardware and software businesses and towards cloud computing, artificial intelligence and consulting.
