Armonk-based IBM completed this month its acquisition of Chicago-based SPSS Inc. The deal”™s beginnings date to July.
IBM”™s purchase of SPSS further strengthens IBM”™s business analytics and optimization strategy by providing “predictive analytic capabilities,” according to IBM. The SPSS addition “can help customers predict future events and proactively act upon that insight to drive better business outcomes.”
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Among those customers are said to be cities that must figure ahead what needs will come knocking.
Terms of the SPSS deal were not immediately released.
SPSS will help IBM meet growing customer needs to cut costs, reduce risk and drive profitable growth, according to the computer giant. The acquisition, along with IBM”™s existing software and services portfolio, could make for better, faster decisions and continuous optimization throughout the organization.
The addition of SPSS will help IBM deliver capabilities including data collection for market research and feedback management, text and data mining, advanced statistical analysis and predictive solutions, enabling customers to gain insights into complex questions, predict potential future outcomes and take action.
The acquisition strengthens the range of offerings available through the recently announced IBM Business Analytics and Optimization consulting organization, headquartered in New York City, with its 4,000 consultants lending expertise to help clients better use their information for smarter outcomes. It is in synch with IBM”™s broader business strategy, which combines organic growth with acquisitions to move the company into new arenas.
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.
