Merger & Acquisition Digest

merger acquisition digest
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This week’s digest of mergers and acquisitions in B2B…

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TIBCO Software Inc., a global leader in integration, API management, and analytics, announced it has entered into an agreement to acquire Statistica, a leader in data science. The acquisition will augment TIBCO’s analytics product offerings, adding new capabilities aimed at making it easier for data scientists to unlock the power of machine learning and leverage it in a variety of applications, such as those analyzing the often large amounts of data produced in IoT systems. The transaction remains subject to customary conditions and is expected to close in the coming weeks.

Statistica will enable users to more rapidly uncover insights from source data. It will also become part of the TIBCO® Insight Platform to empower a broader audience of business users with these analytical capabilities and allow actions to be triggered in related systems, ensuring insights turn into the best outcomes for the business. Statistica will provide rigorous modeling and validation tools for machine learning and deep learning, resulting in better answers, smarter decisions, and the right actions at the right time.

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Hexagon, a leading global provider of information technology solutions, announced the acquisition of VIRES, a German-based, leading provider of simulation software solutions that support the development, testing and validation of driver-assisted and fully autonomous driving technology.

VIRES’s proven simulation solutions have been recognised for their robustness, performance and ease of building simulation environments for over 20 years. Their worldwide customer list spans prominent automotive OEMs and suppliers as well as recent entrants to the automotive market to companies in the railway and aerospace industries and elite universities involved in shaping the future of mobility.

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