IBM on Tuesday said it reached a deal to sell The Weather Company, parent of The Weather Channel, Weather.com, Weather Underground and other digital outlets, to the technology investment firm Francisco Partners for an undisclosed sum.
The deal also includes Storm Radar and weather-related offerings for broadcast, media, aviation, advertising, technology and other industries, and the company’s forecasting science and technology platform.
The tech giant will keep its sustainability software business, including its Environmental Intelligence Suite that helps clients measure ESG data.
IBM bought The Weather Company in 2016 from NBCUniversal,the Blackstone Group and Bain Capital. The Weather Channel’s cable network remained with those sellers until 2018, when it was sold to Byron Allen’s Entertainment Studios for $300 million.