Stephen Withers
Monday, 05 October 2009 03:59
IT Industry -
Listed Tech
IBM has completed its billion-dollar acquisition of SPSS.
As reported in July,
IBM struck a deal to acquire statistical and predictive analytics software company SPSS.
The $US1.2 billion transaction was completed late last week.
According to company officials, SPSS will be integrated into IBM's Information Management software portfolio. The well-regarded SPSS brand could therefore disappear, since the products had been rebranded SASW prior to the acquisition.
"With this acquisition, we are extending our capabilities around a new level of analytics that not only provides clients with greater insight - but true foresight," IBM general manager, information management Ambuj Goyal said at the time the deal was announced.