Rogue Wave Software, Inc., a Battery Ventures portfolio company, today announced that it has acquired Visual Numerics, Inc., a privately held advanced analytics software company based in Houston, Texas.
For more than three decades, Visual Numerics has provided numerical analysis and visualization software solutions that help users understand complex data from a variety of sources and build business-critical applications.
The company offers two product lines: the IMSL® Numerical Libraries for powerful mathematical and statistical analysis and the PV-WAVE® visual data analysis development environment. This acquisition complements the Rogue Wave product families of software development tools, components and frameworks by adding industry-leading advanced data analysis and visualization tools. According to IDC the market for advanced analytics tools grew 13% in 2007 and usage is expected to become much more pervasive.
Article sourced from www.vni.com, click here to read full story.
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