SPSS Unveils Version 14 of Statistical Software Package, Extends Predictive Analytics Power Enterprise-Wide
CHICAGO, Ill. (USA), August 15, 2005 SPSS Inc. (NASDAQ: SPSS), a leading worldwide provider of predictive analytics software, today unveiled a significantly enhanced version of its flagship statistical software package, SPSS 14.0, to further extend the reach and power of predictive analytics. Organizations worldwide now recognize that statistical and predictive technologies are key corporate assets. To fully harness these technologies, organizations must shift them away from isolated desktop environments to enterprise-level, open and integrated systems. SPSS 14.0 will facilitate and accelerate this process with full data management and enhanced reporting capabilities, easy data validation, easier and more powerful forecasting, extended programming and expanded structural equation modeling options. SPSS statistics software has grown into an enterprise-class, server-based tool, said SPSS President and CEO Jack Noonan. The new SPSS platform allows analytic developers to integrate their algorithms with the SPSS system and also gives applications developers the ability to easily add predictive analytics to their applications. Customers and Industry Analysts Praise SPSS 14.0 The new functionality in SPSS 14.0 is excellent, said the Vice President of Aon Consulting, Inc., Ray Levesque. SPSS has opened up the product by improving the power and by making the SPSS line a powerful platform for developing important programs and applications. With the release of version 14, SPSS is clearly moving into the enterprise space. The algorithms added to SPSS 14.0 will enable organizations to deal with large amounts of data that are common in todays enterprises, said IDCs Research Director Dan Vesset. The opening up of SPSS to third party programming languages will further help extend the reach of SPSS into the enterprise. The release of SPSS 14 is a significant step for the company that will benefit existing customers and help attract new ones" said Mike Schiff, Vice President, Data Warehousing and Business Intelligence, Current Analysis Inc. "While still maintaining its strong desktop position, the company continues to evolve its core statistical software to meet the expanding needs of the enterprise." SPSS 14.0 is an exciting new release of SPSS. SPSS 14.0 will be of great value to existing customers, while opening up SPSS to different types of users, said Dr. Howard Barkan, Research Methodologist and Biostatistician, Kaiser-Permanente. For example, existing customers will save significant time with the new data-management capabilities; while enterprise-class organizations will be able to use the increased time series forecasting to improve their modeling and predictions, and the improved programmability to create programs and target the situations in which they are conducted, he added. All of these modifications will improve the users' ability to run their organizations." Overview of SPSS 14.0s Capabilities:
More powerful data management in SPSS 14.0 provides a number of new features to save time, work with new file types, increase accuracy and reliabilityand better manage data. Users can now open multiple datasets within a single SPSS session, read/write Stata® files, import data from SPSS Dimensions, and more.
Enhanced reporting capabilities revolutionize the way users create graphics in SPSS, and even enable the creation of custom charts. The new Chart Builder interface enables users to drag thumb-nail sized pictures of chart and element types to a canvas to previewand createcharts. The Graphics Programming Language (GPL) allows the creation and saving of any chart imaginable.
A new add-on module enables easily validation of data. The SPSS Data Validation add-on module streamlines the data validation process, eliminates labor-intensive manual checksand reaches more accurate conclusions.
Easier and more powerful forecasting with improvements to SPSS Trends. Users can save time by automatically determining which model best fits their time-series and independent variables. Users can also forecast hundreds of time-series models at once rather than one series at a time.
A new programmability extension enables third party programming languages to control the flow of syntax jobs based on variable attributes, procedure output, and error codes.
Extended structural equation modeling options. With Amos 6.0, users can reliably fit structural equation and related models to smaller samples. They can also impute data using one of three methods now available in this software.
SPSS Server 14.0 enhanced for multiple simultaneous users and large data. New administration functionality allows for more efficient use of resources available from overall network traffic to individual user prioritization. New functionality is included to increase productivity when utilizing large datasets and expand the set of predictive analytics available to the analyst. Naïve Bayes and Feature Selection are new in SPSS Server 14 and allow analysts to reduce large amounts of information down to smaller and more precise subsets for more exacting creation of predictive models. For more information on SPSS 14.0, please visit: www.spss.com/spss/whats_new.htmAbout SPSS SPSS Inc. (NASDAQ: SPSS) is a leading worldwide provider of predictive analytics software and solutions. The company's predictive analytics technology connects data to effective strategic action by drawing reliable conclusions about current conditions and critical future events. More than 250,000 commercial, academic, and public sector customers rely on SPSS technology to help increase revenue, reduce costs, improve important processes, and detect and prevent fraud. More than 95 percent of the Fortune 1000 companies are SPSS customers. Founded in 1968, SPSS is headquartered in Chicago, Illinois. For additional information, please visit www.spss.comSafe Harbor StatementThis press release contains forward-looking information made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward looking statements can be identified by phrases such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "could," "designed," "should be" and other similar expressions which denote expectations of future events rather than statements of fact. These forward-looking statements involve factors that are subject to risks and uncertainties. These risks and uncertainties, which may not be currently ascertainable and many of which are beyond the Companys control, may cause the Companys actual results, performance or achievements to be materially different than the results, performance or achievements expressed in or implied by the forward-looking statements. These risks and uncertainties are described in the Companys filings with the Securities and Exchange Commission ("SEC"). Copies of these filings are available either on the SECs website at www.sec.gov or from the Companys investor relations department. In light of these risks and uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as a representation by the Company that any future results, performance or achievements will be attained. These forward-looking statements speak only as of the date on which they are made. The Company assumes no obligation to update the forward-looking statements contained in this press release.
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