IBM is paying $1.2 billion in cash for SPSS, a company with technology that will bolster Big Blue's business analytics line-up. SPSS makes predictive analytics and data mining software that models ...

For a sticker price of $1.2 billion, IBM has purchased SPSS, a company with more than 30 years of experience in the analytics field under its belt. Traditionally, SPSS focused on statistical analysis, ...