SAP to buy predictive analytics firm KXEN
SAP announced plans to acquire KXEN, a leading provider of predictive analytics technology for line-of-business users and analysts. Who will be the next acquisition target?
Companies with predictive analytics technology make a tempting acquisition target in the era of Big Data, (see 2013 Acquisitions in Analytics and Big Data) and below is the announcement of yet another acquisition. Who will be the next acquisition target? Salford Systems? Zementis? Predixion Software?
WALLDORF, Germany, Sep 10, 2013.
SAP AG announced plans to acquire
KXEN, a leading provider of predictive analytics technology for line-of-business users and analysts. The addition of KXEN promises powerful and easy-to-use predictive capabilities for the extensive customer base of industry-leading cloud and on-premise solutions from SAP.
The combination of KXEN with the advanced analytics, agile visualization and enterprise business intelligence capabilities from SAP, along with the SAP HANA® platform is intended to help companies to harness big data, engage users across the enterprise and aims to execute before their competitors to gain advantages they never thought possible.
KXEN's predictive analytics tools and applications automate the end-to-end modelling process, according to SAP, and "replace the classic model-creation process, which is manual, repetitive and prone to human errors".
San Francisco-based KXEN's main product, InfiniteInsight, and its Cloud Prediction cloud platform have notched up more than 500 deployments at organisations including Bank of America, Barclays, ING Direct, Lowe's, Sears, and Vodafone.
SAP says KXEN technology complements its existing analytics software, including SAP Predictive Analysis, and will enhance SAP operations management, CRM, supply chain, and risk and fraud applications.
- SAP Press Release, Sep 10, 2013
- SAP plans KXEN buy to widen appeal of big data analytics, ZDnet, Sep 11, 2013.