IBM acquires Hisense
IBM has announced an alliance with Hisense TransTech, a leading provider of urban traffic, public transportation and logistics management solutions in China.
IBM has taken an approximate 20% stake in HTT, a subsidiary of the Hisense Group Corporation that specializes in Intelligent Traffic Management Services (ITS), Telecommunications Infrastructure Services (TIS), Business Process Outsourcing Services (BPO), and related software applications.
This investment will facilitate cooperation between HTT and IBM, enabling HTT to offer its clients solutions built on advanced technologies and products and world-class Application Management Services (AMS) while strengthening IBM’s traffic management capabilities.
IBM currently is assisting such cities as London, Stockholm, Singapore and Brisbane to meet traffic management and congestion challenges.
IBM has established a global team of professionals working on a range of technologies and solutions, including researching, testing and developing new Intelligent Transport system management capabilities.
Source: Press Release Point