{"id":2713,"date":"2017-05-16T09:51:54","date_gmt":"2017-05-16T13:51:54","guid":{"rendered":"https:\/\/solutionsreview.com\/business-intelligence\/?p=2713"},"modified":"2017-05-16T14:03:03","modified_gmt":"2017-05-16T18:03:03","slug":"tibco-to-enhance-digital-nervous-system-with-statistica-acquisition","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/business-intelligence\/tibco-to-enhance-digital-nervous-system-with-statistica-acquisition\/","title":{"rendered":"TIBCO to Enhance ‘Digital Nervous System’ with Statistica Acquisition"},"content":{"rendered":"
\"TIBCO

Source: Pixabay<\/p><\/div>\n

TIBCO Software has announced<\/a> 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.<\/p>\n
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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.\u00a0Statistica also will provide modeling and validation tools for machine learning and deep learning. This will allow analytics to be triggered in related systems.<\/p>\n

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.\u00a0We welcome Statistica as an important addition to the analytics team, to help make advanced analytics even more accessible for users of all skill levels.”<\/p>\n

We’re sure there will be plenty of chatter about this at TIBCO NOW,<\/a> the company’s flagship user conference. The event will take place in San Diego in October 2017.<\/p>\n

Read the press release.<\/a><\/p>\n

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\"Insight<\/a><\/p>\n<\/div>\n\t\t<\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":23,"featured_media":2714,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[423,566,54],"acf":[],"yoast_head":"\nTIBCO Expected to Acquire Data Science Company Statistica<\/title>\n<meta name=\"description\" content=\"TIBCO Software has announced that it has entered into an agreement to acquire data science company Statistica.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/solutionsreview.com\/business-intelligence\/tibco-to-enhance-digital-nervous-system-with-statistica-acquisition\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tim King\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta 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