Minitab buys Salford Systems, a leading data mining innovator
Latest acquisition adds best-in-class predictive analytics tools to Minitab’s array of data-driven products and services.
March 6, 2017, STATE COLLEGE, Pa. —
Minitab, Inc., which provides quality improvement software to more than 90% of Fortune 100 companies, today announced that it has acquired
Salford Systems, a leading provider of advanced analytics technology for machine learning, data mining and predictive analytics.
For Minitab, the acquisition extends the 45-year-old company’s mission of helping people discover valuable insights in their data by delivering exceptional, easy to use software and unparalleled support and service. The integration of Salford into Minitab’s business will benefit existing users of both company’s products and bring powerful analytic capabilities to new markets.
The purchase will immediately expand distribution of the company’s SPM Salford Predictive Modeler®, a modeling platform developed and enhanced in direct collaboration with original creators of modern machine learning and data mining. The purchase also provides resources to enable Salford to more rapidly deliver innovations with potential applications in every major industry and business function, including financial services, pharmaceuticals, retail, advertising, technology, telecommunications, transportation, hospitality, government and manufacturing.
“Salford products and services enable us to offer extremely powerful data mining solutions that are easy to implement with existing enterprise solutions, easy to use, and continually demonstrate return to organizations of any size,” says Charles Snellgrove, president of Minitab. “Through our existing global network, organizations around the world will now have easy access to this best-in-class solution to their predictive modeling problems.”
The ease of use and broad range of application of Salford’s products are two main reasons the company was so attractive to Minitab. Inspired by the way leading data scientists approach their work, the Salford Predictive Modeler features built-in automation that benefits both expert and less experienced modelers. While the analyst retains full control, the software anticipates the next best steps, allowing modelers to spend more time thinking about the problems they are trying to solve, to recognize potential issues that could limit their progress or the applicability of their models, and to obtain results far faster.
Minitab is the leading provider of software and services for quality improvement and statistics education. More than 90% of Fortune 100 companies use Minitab Statistical Software, the company’s flagship product, and more students worldwide have used Minitab to learn statistics than any other package. Minitab, Inc. is a privately owned company headquartered in State College, Pennsylvania, with subsidiaries in the United Kingdom, France, Germany and Australia, with representatives serving more than 40 countries around the world.
Terms of the acquisition were not disclosed. For more information, read the press release.