TIBCO Software Inc., a global leader in integration, API management, and analytics, 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.
Jones Day has advised Quest Software in the sale of Statistica to TIBCO Software, Inc. with a team led by M&A partners Bryan Davis (picture) and Michael Considine.
Law Firms: Jones Day;
Clients: Quest Software;