IBM will pay USD1.2bn to acquire SSPS. SSPS provides predictive analysis software, helping companies to predict market conditions. IBM plans to add SPSS's operations to its Information on Demand software unit. The acquisition is consistent with IBM's plans to become a...
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International Business Machines Corp. (IBM) has closed the deal to purchase SPSS Inc. (SPSS), a maker of data-analysis and statistical software. SPSS will be integrated into IBM’s Information Management software portfolio.
On July 28, IBM had announced that it would be taking over SPSS in an all-cash transaction at a price of $50/share, resulting in a [...]
International Business Machines (IBM) said this morning that it would buy a privately held Singapore-based company, RedPill Solutions, to expand in analytics and optimization, particularly in the financial services and telecommunication business area.
While financial details of the deal were not disclosed, the company expects to close the transaction later this year, subject to statutory approvals [...]
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IBM's recently announced plans to buy SPSS, maker of specialized analytics software, will result in a wave of further consolidation in the space, according to a new Forrester Research report.
"IBM's acquisition of SPSS marks an industry tipping point. In the advanced analytics segment, the deal is having the same impact that IBM's Cognos buy had on the BI market," Forrester said.
IBM has agreed to acquire SPSS, a Chicago-based analytics software specialist, the companies said Tuesday.
The two have come together quickly: Only last month, IBM announced plans to embed technology licensed from SPSS in future versions of its business intelligence and performance management tools. Now it has agreed to buy the whole company for $1.2 billion in cash.
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