Insightful Corporation, a leading provider of software solutions for analysis of numeric and text data, announced that on January 19, 2004, the company acquired the copyrights to the software code underlying the "S" language from Lucent Technologies for $ 2 million. The S language is the foundation of S-PLUS, the company's flagship product for statistical data analysis. A new Assignment and License agreement replaces a previous agreement with Lucent, whereby Insightful had the worldwide, exclusive right to use, sublicense and support the S language in exchange for royalties and fees. Under the new agreement Insightful will no longer pay royalties to Lucent.
"Acquiring this intellectual property (IP) gives Insightful the freedom and flexibility to invest in the S-PLUS Product Family and meet the rapidly growing demand for advanced business analytics," said Dan Vesset, research manager of IDC. "Advanced analytics extend beyond backward-looking business intelligence reporting systems to facilitate better understanding of past complex relationships in order to better predict the future. Insightful is now well positioned to meet these growing market demands."
"In order to move forward on our vision for the S-PLUS product family I decided we needed to own the IP. Now we do," said Jeff Coombs, president and CEO of Insightful. "This acquisition is an important step in delivering on our vision to provide the best integrated product suite for the complete data analysis lifecycle, from model prototyping to enterprise production and deployment."
"We are now better positioned to invest in the integration of the S-PLUS product family and to make S-PLUS scalable to terabytes of data and deployable to thousands of users," Coombs explained. "For example, later this quarter we will be announcing new server products that are more closely integrated than before with S-PLUS."
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