BM today announced an agreement to acquire SPSS, a provider of predictive analytics software, services and solutions that help clients forecast trends and anticipate change for business advantage. The $1.2 billion all-cash purchase of SPSS, a publicly held company headquartered in Chicago, is expected to close in the second half of 2009. The acquisition is subject to SPSS shareholder approval, applicable regulatory clearances and other customary closing conditions.
"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," said Ambuj Goyal, general manager, Information Management, in a statement released by IBM. "Predictive analytics can help clients move beyond the 'sense and respond' mode, which can leave blind spots for strategic information in today's fast paced environment-to 'predict and act' for improved business outcomes."
IBM said the acquisition is expected to expand its Information on Demand software portfolio and business analytics capabilities, including the offerings available through the recently announced Business Analytics and Optimization Consulting organization and network of Analytics Solution Centers.
This marks the 27th acquisition that supports IBM's Information on Demand strategy. Following the close of the acquisition, IBM intends to integrate SPSS within IBM's Information software portfolio and into offerings already available. For more information, go here.