SPSS founder Nie to lead statistical 'REvolution'
Summary
REvolution Computing appoints SPSS founder Norman Nie as its new president and CEO. The company also secures $9 million in private equity funding from North Bridge Venture Partners and Intel Capital. It plans to use the money to expand research and development for its R software portfolio. The change signals continued investment in predictive analytics software and a stronger push to grow the business.
Funding
Amount
$9.0M
Total raised
Date
October 20, 2009
Announcement date
Investors
Intel, IBM, North Bridge Growth Equity and Venture Partners
Lead investors
Company
-
Funded company
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