TIBCO Software, the Palo Alto, Calif.-based enterprise data management company that does everything from data mining, to cloud services, to analytics, to graph databases, said May 15 that it will acquire Statistica, a provider of data science prep and presentation software. Terms of the transaction were not released.
The acquisition will bolster TIBCO's analytics product offerings, adding new capabilities aimed at making it easier for data scientists to use machine learning in a variety of applications, such as those analyzing the often large amounts of data produced in IoT systems.
Statistica, headquartered in Tulsa, Okla., enables users to more rapidly uncover insights from source data. It will also become part of the TIBCO Insight Platform to empower a broader audience of business users with these analytical capabilities. The goal is to allow actions to be triggered into related systems, enabling insights to become positive outcomes for the business.
Statistica will provide rigorous modeling and validation tools for machine learning and deep learning, ostensibly resulting in better answers, smarter decisions and the right actions at the right time.
"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," said TIBCO Senior Vice President of Analytics Mark Palmer. "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."
The transaction remains subject to standard conditions and is expected to close in Q3 2017.
TIBCO, whose name is an acronym based on its first product, the Teknekron Information Bus (abbreviated now as TIBCO, The Information Bus Company), also provides integration, analytics and events-processing software for companies to use on-premises or as part of cloud-based environments.
For more information about the TIBCO Insight Platform and Statistica, go here.