IBM is bolstering its on-demand analytics solutions by acquiring Chicago-based SPSS for $1.2 billion in cash. The Armonk, N.Y.-based hardware and services provider intends to integrate SPSS within IBM's Information Management software portfolio and into a wide array of solutions already available.

Speaking at a press briefing, Ambuj Goyal, GM of IBM’s Information Management business, sought to allay fears in the SPSS customer base, noting IBM would continue to support and enhance SPSS predictive analytic technologies while enabling customers to take advantage of the broader IBM portfolio.

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