"Traditionally IBM has always had a complete portfolio of hardware and software businesses, and we see a larger opportunity in the information generated around mobile transactions," explains Alberto Jimenez, head of Mobile Money for IBM Corp., in this video interview with The Deal magazine. Over the last few years, Big Blue has made a handful of acquisitions in analytics, the biggest of which was Cognos Inc. for $4.9 billion. Value-added services around mobile transactions may be next . We chatted with Jimenez at Mobile in May, an M&A conference in New York presented by Yankee Group and Gridley & Co. For another video from the event, watch "Meredith Corp. to do more mobile M&A," The Deal magazine's conversation with Meredith chief development officer John Zieser. - Mary Kathleen Flynn
Goldman, Sachs & Co. veteran Tracy Caliendo will join Bank of America Merrill Lynch in September as a managing director and head of Americas equity hedge fund services. For other updates launch today's Movers & shakers slideshow.