Tuesday 28 July 2009 8:00 pm  |  Updated:  Friday 31 May 2019 5:52 am

IBM unveils giant SPSS buyout

By: admindrupal

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IBM unveiled plans to buy business analytics company SPSS yesterday for $1.2bn (£730m) in cash, to better compete with rivals Oracle and SAP in the growing field of business intelligence. The offer, under which SPSS shareholders would get $50 a share, could trigger mass consolidation in the industry.