IBM Made Multi-billion Dollar Buyout of Two Software Firms
The big blue acquired two IT firms. One of them is Business Analytics firm SPSS which is worth $1.2 billion and another is Risk software firm Ounce lab with undisclosed sum amount. The first deal needs shareholders’ approval. The SPSS deal IBM’s information on demand (IOD) software portfolio and business analytics capabilities and its information agenda initiative that turns information into a strategic asset. IBM is widening its area of expertise in Business Analytics with the acquisition of SPSS because clients are looking now a days to lower costs, reduce risk and increase profitability through predictive analytics capabilities, which include advanced data capture, data mining and statistical analysis. Full article »

