ARMONK, N.Y. and SAN FRANCISCO—The investment firm Francisco Partners has announced that it has signed a definitive agreement to acquire The Weather Company assets from IBM. Specific terms of the transaction were not disclosed.
The assets being acquired by Francisco Partners include The Weather Company's digital consumer-facing offerings, The Weather Channel mobile and cloud-based digital properties including Weather.com, Weather Underground and Storm Radar, as well as its enterprise offerings for broadcast, media, aviation, advertising technology and data solutions for other emerging industries. The Weather Company will also bring its forecasting science and technology platform to Francisco Partners.
