SAN FRANCISCO–June 22, 2017–We are pleased to announce Atlas Technology Group’s role as exclusive financial advisor to Quest Software on the sale of its Statistica business unit to TIBCO. Statistica is a leading provider of data science software. The acquisition will augment TIBCO’s analytics product offerings, adding 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 large amounts of data produced in IoT systems. Atlas Technology Group has completed 46 advisory assignments since January 2013.
TIBCO Software to Acquire Data Science Platform Leader Statistica
Deal to Augment TIBCO’s Analytics Offering for Advanced Insights and IoT Analytics
Palo Alto, Calif.,15 May, 2017-TIBCO Software Inc., a global leader in integration, API management, and analytics, today announced it has entered into an agreement to acquire Statistica, a leader in data science. The acquisition will augment TIBCO’s analytics product offerings, adding 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. The transaction remains subject to customary conditions and is expected to close in the coming weeks.
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, senior vice president, analytics, 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.”
To learn more about the TIBCO Insight Platform, and Statistica, please visit http://spotfire.tibco.com/solutions/technology/insight-platform
About TIBCO
TIBCO enables digital business solutions through smart technologies that interconnect everything and augment intelligence. This combination delivers faster answers, better decisions, and smarter actions. TIBCO provides a connected set of technologies and services, based on 20 years of innovation, to serve the needs of all parts of an organization—from business users to developers to data scientists. Thousands of customers around the globe differentiate themselves by relying on TIBCO to power innovative business designs and compelling customer experiences. Learn how TIBCO makes digital smarter at www.tibco.com.