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SmartData Collective > Analytics > Predictive Analytics > IBM to acquire SPSS
Predictive Analytics

IBM to acquire SPSS

DavidMSmith
Last updated: 2009/07/28 at 6:30 PM
DavidMSmith
2 Min Read
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Many news outlets are reporting today that IBM has announced that it will acquire SPSS for 1.2 billion dollars in cash. That’s $50 a share, a significant premium on the recent trading range of $30-$35. IBM clearly sees value in predictive analysis.

IBM has a strong history in supporting open-source projects: they are a significant contributor to Linux, for example. Given this, and SPSS’s recent flirtations with R, I wonder if IBM — or maybe a rival — will take an interest in R, too.

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The Register: Big Blue blows a billion on predictive software seller

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Many news outlets are reporting today that IBM has announced that it will acquire SPSS for 1.2 billion dollars in cash. That’s $50 a share, a significant premium on the recent trading range of $30-$35. IBM clearly sees value in predictive analysis.

IBM has a strong history in supporting open-source projects: they are a significant contributor to Linux, for example. Given this, and SPSS’s recent flirtations with R, I wonder if IBM — or maybe a rival — will take an interest in R, too.

- Advertisement -

The Register: Big Blue blows a billion on predictive software seller

Link to original post

TAGGED: ibm, spss
DavidMSmith July 28, 2009
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