IBM has agreed to acquire SPSS, an analytics software specialist.
In June, IBM announced plans to embed technology licensed from SPSS in future versions of its business intelligence and performance management tools. Now it has agreed to buy the whole company for US$1.2 billion (NZ$1.8 billion).
SPSS specialises in predictive analytics tools that help companies mine historical business data to identify future trends.
IBM is intent on expanding its business analytics capabilities. In May it acquired data discovery technology from Exeros and last year it paid US$5 billion for business intelligence software developer Cognos.