REvolution Computing Announces $9 Million in New Funding and Names Norman H. Nie CEO

SPSS Founder to Lead REvolution Computing`s Next Phase of Growth in Providing
Open Source R Analytics to Large Companies and Enterprises
PALO ALTO, Calif.--(Business Wire)--
REvolution Computing, the leading commercial provider of software and support
for the open source "R" statistical computing language, announced that
predictive analytics software pioneer Norman Nie has been named CEO. REvolution
also announced it has received additional funding of $9 million from North
Bridge Venture Partners and Intel Capital.

Basil Horangic, partner at North Bridge said, "Two million R users already
depend on R to solve critical statistics and predictive analytics challenges. R
has quickly grown to a breadth of functionality that challenges its predecessors
SAS and SPSS, and its growth is accelerating as the R community contributes more
and more code. Over time, the open source R project is destined to become the
ultimate repository of all of the world`s statistics and analytics capability.
REvolution Computing has done a great job in helping the R community to move the
open source project forward, and in facilitating the broad adoption of open
source R-based software in business. REvolution provides the features and
support required for enterprise deployment of R in the life sciences, financial
services and indeed virtually every industry. I have known Norman Nie, founder,
CEO and Chairman of SPSS, for many years, and if ever there was a figure in the
world of predictive analytics who can help REvolution R fulfill its destiny,
it`s Norman."

Nie founded SPSS in 1968 and 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 $1.2 billion. While leading SPSS, Nie also
held professorships at The University of Chicago and Stanford University. One of
the nation`s most prominent scholars in the field of American political behavior
and public opinion, Professor Nie has published numerous award-winning books. In
2007, he received a lifetime achievement award from the American Association of
Public Opinion Research (AAPOR) for his contributions to survey analytics as
well as his works in political behavior. He was recently appointed a fellow of
The American Academy of the Arts and Sciences (AAAS).

On taking the role of CEO, Norman Nie stated, "I am keenly aware of R`s roots in
the academy, just like SPSS before it. We will continue our close relationship
with the academic community, even as we meet the needs of commercial users, and
we will expand our commitment to the R community in terms of products, services
and resources. REvolution R Enterprise has the DNA to be the world`s dominant
analytics platform across commerce and government. For large companies and
enterprises looking to take advantage of predictive analytics solutions based in
open source, we will create enhanced functionality, usability and scalability."

"I want to thank the company as well as North Bridge and Intel for placing their
trust in me," Nie added. "And I want to pay special tribute to REvolution`s
founder Richard Schultz. 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."

REvolution`s founding CEO Richard Schultz said, "As reported in The New York
Times and elsewhere, the next era of predictive analytics is upon us and
REvolution is at the forefront. What we started in 2007 has now grown tenfold,
and this financing affirms our positioning. This new capital combined with the
proven leadership of Norman Nie promises to be an unbeatable combination of
technology, vision, and the ability to execute in today's marketplace."

Lisa Lambert, managing director at Intel Capital said, "Intel Capital's original
2007 investment in REvolution Computing was based on the realization that R has
the potential to become the future analytics engine for many of Intel`s key
financial services, healthcare and energy customers. 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."

About REvolution Computing

REvolution Computing is the leading commercial provider of software and support
for the open source "R" statistical computing language. Our products, including
REvolution R and REvolution R Enterprise, enable statisticians, scientists and
others to create superior predictive models and derive meaning from large sets
of mission-critical data in record time. REvolution Computing works closely with
the R community to incorporate the latest developments in open source R and with
our clients to support their efforts to produce ground-breaking innovations in
life sciences, financial services, defense technology and other industries where
high-level analytics are crucial to success.

For more information visit www.REvolution-Computing.com

The product names "RPro," "ParallelR," "REvolution R," and "REvolution R
Enterprise," are trademarks of REvolution Computing.

For REvolution Computing
Middleberg Communications
Jonathan Cohen, 646-237-0579
jcohen@middlebergcommunications.com
or
Matt Kirdahy, 212-812-5665, ext. 117
mkirdahy@middlebergcommunications.com

Copyright Business Wire 2009