Insightful Corporation (IFUL) Acquires "S" Language From Lucent Technologies
10/19/2005 5:09:55 PM
Insightful Corporation (NASDAQ: IFUL), a leading provider of software solutions for analysis of numeric and text data, announced today 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.