IBM closes SPSS deal

Stephen Withers
Monday, 05 October 2009 05:01

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.