NewsJuly 28, 2009
IBM to acquire SPSS for $1.2 billion
ARMONK, N.Y. -- IBM is acquiring analytics-software maker SPSS in an all-cash transaction at $50 per share for a deal valued at about $1.2 billion. Armonk, N.Y.-based IBM says the acquisition of the Chicago-based company is expected to strengthen IBM's information-agenda initiative, which helps companies turn information into a strategic asset...Associated Press
ARMONK, N.Y. -- IBM is acquiring analytics-software maker SPSS in an all-cash transaction at $50 per share for a deal valued at about $1.2 billion.
Armonk, N.Y.-based IBM says the acquisition of the Chicago-based company is expected to strengthen IBM's information-agenda initiative, which helps companies turn information into a strategic asset.
Receive Daily Headlines FREESign up today!
SPSS software predicts customer reactions to a wide range of fields, including sales pitches and marketing campaigns. Clients include financial firms, telecommunications companies, government agencies and educational institutions.
Shares of IBM fell 67 cent to $116.96 in premarket trading on Tuesday. SPSS shares jumped 41 percent to $49.59 in premarket trading.
Story Tags
Advertisement
Connect with the Southeast Missourian Newsroom:
For corrections to this story or other insights for the editor, click here. To submit a letter to the editor, click here. To learn about the Southeast Missourian’s AI Policy, click here.
Advertisement
Receive Daily Headlines FREESign up today!
