When Jack Noonan joined SPSS Inc. in 1992, it was a one-product, one-vision company faced with middling growth, a weight of debt and no real long-term opportunities.
Its primary product was a software system that used statistics to turn raw data into information essential to decision-making. The revolutionary statistical software system, called SPSS, which stood for Statistical Package for the Social Sciences, was developed out of the need to quickly analyze volumes of survey data.
Managing through the bumpy 2000 tech decline, Noonan focused on expanding the product base and uncovering growth opportunities. It was clear the company could survive, but not thrive, as a statistical tools company.
A number of key acquisitions at this time had also left the company primed for further growth, but unfocused in its market position. A visionary, Noonan recognized ahead of the curve the opportunities in software that could change and improve business processes by predicting outcomes.
In 2002, he led a strategic planning exercise that coined the term “predictive analytics” and created this new industry. In the following years, his astute technology and business insight helped cultivate a marketplace from which the company now reaps success.
Financial results during the last two years substantiate Noonan’s leadership, strategy and execution. SPSS has reported five consecutive quarters of record revenues. In 2006, new licenses were up 16 percent from the prior year and 30 percent from 2004. Operating income in 2006 was up 13 percent from the year before and 420 percent since 2004.
HOW TO REACH: SPSS Inc., www.spss.com or (312) 651-3123