IBM acquires SPSS to move more convincingly into business analytics
IBM today announced it has completed its acquisition of SPSS, a publicly-held company headquartered in Chicago. IBM announced a definitive agreement to acquire SPSS on July 28, 2009.
With this acquisition, IBM is expanding its focus on business analytics and optimization. The acquisition, along with IBM’s existing software and services portfolio, will enable business leaders and CIOs to leverage information and analytics for better decisions and continuous optimization throughout the organization.
The addition of SPSS will help IBM deliver a comprehensive predictive analytics capabilities including data collection for market research and feedback management, text and data mining, advanced statistical analysis and predictive solutions,.
SPSS will be integrated into IBM’s Information Management software portfolio and the many industry offerings already available. Predictive analytics will also be an essential component of the smarter business systems that IBM is helping companies and organizations build to help address the complex challenges presented by the exponential growth of data.