Briefs

Thursday, 30 July 2009

IBM Take-Over of SPSS Highlights Value of Data Mining and Analytics, Says KXEN CEO and Founder Roger Haddad,

The $1.2 billion acquisition of analytics and data mining vendor SPSS by IBM is a move with positive repercussions for the rest of the industry, says KXEN founder and CEO Roger Haddad.

KXEN pioneered next-generation analytics and as a result of the IBM deal moves up to rank second among the world�s independent vendors.

Haddad says the IBM deal has placed the spotlight firmly on the sector, with analysts, investors and user organisations now looking more closely at the remarkable value data mining and analytics generates. "The price paid for SPSS of four times revenues and 25 times earnings shows just how valuable this sector really is," says Haddad. "But the deal has also created a tremendous opportunity for the sector�s remaining independent vendors that KXEN is well placed to capitalize on.

"There is no For Sale sign hanging in our window," continues Haddad. "We launched KXEN in 1998 to democratise the benefits of data mining and predictive analytics, making them practical and affordable across the whole enterprise and not just the exclusive preserve of a few specialists. It�s going to take up to two years for the dust to settle following the IBM acquisition."

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