Dell Expands to Predictive Analytics with StatSoft Buy

In a move to bolster its predictive analytics business, Dell has grabbed StatSoft, an advanced analytics solutions company that's been around since the early 1980s. Financial terms of the deal were not disclosed.

StatSoft has made a name for itself in the big data industry by combining statistical analysis with advanced analytics in a way that helps managers understand what's going on with their business, predict changes coming down the pike, move with more agility, and control critical systems.

"With the rapid explosion of data comes the opportunity for organizations to gain deep insight into their business processes in order to facilitate better decision making and maximize profitability," said Matt Wolken, vice president and general manager, information management at Dell Software. "The acquisition of StatSoft gives Dell's customers access to a proven advanced analytics solution that delivers the predictive and prescriptive analysis capabilities businesses need in order to make faster, more accurate decisions."

Advancing Dell's Analytics

As Dell sees it, organizations that use smart algorithms to harness and learn from the masses of data found in operational systems, social networks and demographic stores will gain competitive advantage.

Market research firm Gartner confirms that theory. The company reports more than 30 percent of analytics projects will deliver insights based on both structured and unstructured data by 2014. With this in mind, Dell has made data and information management a key strategic priority. The StatSoft acquisition is one way to build out its product set quickly.

Dell's strategy is to offer a complete set of platform agnostic information management tools that help companies manage, integrate, and analyze data in the cloud and on-premises. Dell's current capabilities include database management and optimization, application and data integration, and big data analytics. StatSoft brings advanced analytics to Dell's table.

A Win-Win Merger

Some of StatSoft's practical capabilities include helping forecast future trends, unearthing...

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