TIBCO to acquire data science platform Statistica
TIBCO Software Inc. has entered into an agreement to acquire Statistica, which will augment TIBCO’s analytics product offerings.
The deal is expected to add new capabilities aimed at making it easier for data scientists to unlock the power of machine learning and leverage it in a variety of applications, such as those analyzing the often large amounts of data produced in IoT systems.
Statistica will enable 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 and allow actions to be triggered in related systems, ensuring insights turn into the best outcomes for the business.
Statistica will provide rigorous modeling and validation tools for machine learning and deep learning, 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 Mark Palmer, SVP of analytics at TIBCO. “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.”