TIBCO Software has announced that it has entered into an agreement to acquire data science company Statistica. The merger will allow TIBCO to enhance its suite of analytics product offerings, adding new feature capabilities that make it easier for data scientists to utilize machine learning to leverage large data volumes generated by IoT systems. Financial terms have not yet been disclosed, and the sale is subject to customary conditions. The transaction is expected to be completed in the coming weeks.
Statistica will become part of the TIBCO Insight Platform, the company’s flagship visual, predictive, and streaming analytics solutions for optimizing business operations. Dubbed the “digital nervous system, TIBCO’s Insight Platform lets users source data, analyze it, and implement results for continuous business learning. Statistica also will provide modeling and validation tools for machine learning and deep learning. This will allow analytics to be triggered in related systems.
In a statement, the company’s Senior Vice President of Analytics Mark Palmer spoke to the upcoming acquisition: “TIBCO Spotfire, the key driver of the Insight Platform, has always been a pioneer in visual data exploration and analytics, and we are focused on making that technology a smart, one-stop shop for analytics. We welcome Statistica as an important addition to the analytics team, to help make advanced analytics even more accessible for users of all skill levels.”
We’re sure there will be plenty of chatter about this at TIBCO NOW, the company’s flagship user conference. The event will take place in San Diego in October 2017.
Latest posts by Timothy King (see all)
- ClearStory Data Nabs $15 Million C-Round Funding Led by DAG Ventures - March 21, 2018
- Arcadia Data Adds AI-Powered Analytics to New Arcadia Enterprise Release - March 20, 2018
- The 5 Major Players in Data Science and Machine Learning Platforms - March 19, 2018