International Business Machines (IBM) is looking to solidify its spot as the world’s number one computer-services provider. IBM, which is also known as the “Big Blue”, announced that it will acquire statistical software developer SPSS Inc. in a US$1.2B all-cash deal that is expected to help it further penetrate the analytics business.
This is just one of many acquisitions that IBM plans to complete this year as it seeks to meet growing demand from its clients for cost-cutting and risk reducing tools. Surprisingly, IBM shares fell 0.3% to US$178.28 at yesterday’s close.
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