REvolution Computing Adds $9M in New Funding and Names Norman H. Nie CEO
Summary
New Haven, CT- and Seattle, WA-based REvolution Computing, the commercial provider of software and support for the open source “R” statistical computing language, announced that it has received additional funding of $9m from North Bridge Venture Partners and Intel Capital and that predictive analytics software pioneer Norman Nie has been named CEO.Founder of SPSS in 1968, Nie guided its growth over many years as it became one of the two leading first generation statistics software companies before being acquired by IBM in August 2009 for $1.2bn.On taking the role, Norman Nie said: “I want to thank the company as well as North Bridge and Intel for placing their trust in me.He had the vision and assembled the team to create the company and its outstanding products that hold so much promise for statisticians and quantitative analysts in every field”.Lisa Lambert, managing director at Intel Capital, added that: “With the financial backing of North Bridge Venture Partners and Intel Capital and the leadership of Norman Nie, we believe REvolution Computing is well positioned to become the leading provider of R to enterprise customers and drive commercial use of R into a wide variety of business contexts”.