TIBCO Software

TIBCO Software Inc. is an American business intelligence software company founded in 1997 in Palo Alto, California.

TIBCO Software Inc.
TypePrivate
IndustrySoftware
Founded1997 (1997)
FoundersVivek Ranadivé
HeadquartersStanford Research Park
Palo Alto, California, U.S.
Key people
Tom Krause (CEO)
Vivek Ranadivé
(Founder & Board Member)
ProductsBusiness intelligence tools
Data visualization tools
Analytics tools
Big data tools
OwnersVista Equity Partners
Websitewww.tibco.com
TIBCO at AWS re:Invent

It has headquarters in Palo Alto and offices in North America, Europe, Asia, the Middle East, Africa and South America.[1] Its Palo Alto campus consists of four buildings on 16 acres in Stanford Research Park.[2]

History

TIBCO (The Information Bus Company) was founded in 1997 by Vivek Ranadivé as a subsidiary of Reuters Holdings.[3] Ranadivé originally developed the information bus software at his previous company, Teknekron Software Systems, which he sold to Reuters for $125 million in 1994.[4] TIBCO's software allowed companies to receive and respond to information in real time.[5] Later in 1997, the company became one of 13 to partner with Microsoft in the development of push technology.[6] Its software products which primarily served the financial sector helping automate Wall Street's trading floors during the company's early beginnings, had evolved to be used in energy, semiconductor manufacturing, and other industries, by 1999.[7][4] The company held an initial public offering (IPO) of stock on July 14, 1999. The company said it raised $109.5 million from its IPO.[8]

In 2000, Yahoo! introduced Corporate Yahoo, a platform developed with TIBCO Software that allowed companies to bundle services including email, calendars, and news into enterprise portals. The company partnered with Hewlett-Packard, WebEx, and Citrix Systems on its development.[9][10] The company survived the dot-com bubble burst and was listed among USA Today's e-Consumer and e-Business index of 50 technology companies that remained relevant in 2001 following the boom.[11] By the spring of 2001, TIBCO had a market capitalization of $2 billion.[12]

By 2011, the company's annual revenues had grown to $920 million, its customer base to 4,000, and its number of employees to 2,500.[13][14][15] TIBCO was acquired by Vista Equity Partners for $4.2 billion in December 2014. Murray Rode replaced Ranadivé as chief executive officer (CEO) following the acquisition.[16] In 2019, Rode became vice chairman of the company and Dan Streetman succeeded him as CEO.[17][18]

TIBCO acquired data and analytics company Information Builders for an undisclosed sum in January 2021.[19] In September 2022, Vista and Elliott Investment Management acquired Florida-based Citrix Systems for $16.5 billion and merged the company with TIBCO, forming Cloud Software Group. Tom Krause was named CEO of the new company.[20]

Products

The company's infrastructure software focuses on real-time communication for business-to-business, business-to-consumer and business-to-employee data transfers,[21][22] including facilitation of communication between otherwise incompatible software. The company provides middleware, which allows for access to real-time data between multiple systems while predicting users' needs.[23] The software appears in Amazon.com's personalized product recommendations and FedEx's package tracking system.[23] Clients also use the software's feedback to deliver offers to customers based on their browsing habits.[24]

TIBCO EBX is a multi dimensional (vector) MDM master data management software. EBX provides consistent and accurate data for any domain. Create maximum flexibility through fully configurable applications. Empower business users with self-service capabilities and collaborative governance.

TIBCO ActiveSpaces is an expandable, in-memory system-of-record datastore. It stores, retrieves, and queries data stored in tables and distributes changes to that data in real time. It can function as an alternative to a database datastore (with ACID properties and query filtering criteria expressed as SQL-compatible strings) and can process large amounts of distributed data.

TIBCO BusinessEvents is a complex event processing (CEP) software used to identify patterns across a business by correlating large volumes of data with external events and applying rules to identify situations that require a response.

TIBCO Data Virtualization is a data virtualization software that orchestrates access to multiple data sources. It was originally written by Composite Software.

TIBCO LogLogic collects logs and events from network devices, servers, databases, operating systems and applications.

TIBCO MDM is the legacy master data management software for aligning enterprise data across multiple business units, departments and partners and synchronizing the information with IT transactional systems.[25]

TIBCO Messaging

TIBCO Messaging provides components to support messaging and communications. From high-performance (millions of messages a second) to low latency (sub-microsecond delivery) to fully transactional enterprise-class distribution, streaming data and open source support.
Components of TIBCO Messaging:
  • TIBCO Enterprise Message Service is a standards-based messaging platform built around supporting the JMS 1.1 and 2.0 standards. TIBCO Enterprise Message Service is TCK certified for both JMS 1.1 and 2.0.
  • TIBCO eFTL is the edge node communications system to provide websocket, nodejs, and mobile communication support for the components in the TIBCO Messaging Suite.
  • TIBCO FTL is the backbone for low-latency communication and is used to provide content-based delivery of data for real-time applications. TIBCO FTL is at the core of TIBCO's integration communication.
  • TIBCO Apache Kafka Distribution is an open source streaming platform providing a distributed approach to data distribution and streaming.
  • TIBCO Eclipse Mosquitto Distribution is an open source IoT communications platform supporting MQTT for data distribution.

TIBCO MFT is managed file transfer for secure exchange of data and files.

TIBCO Spotfire is an analytics and business intelligence platform for analysis of data by predictive and complex statistics.[26][27] During the 2010 World Cup, FIFA used this software to give viewers analytics on country teams' past performances.[28] Its components include TIBCO Enterprise Runtime for R, a runtime engine for the R programming language, which was added in September 2012 as part of Spotfire 5.0.[29]

TIBCO tibbr, announced in January 2011, is a social media system for the workplace.[30] It manages input and output feeds to outside programs and integrates with other social media platforms.[30] Sixty companies, encompassing 50,000 users, have signed up.[31][32] tibbr 3.0, launched in June 2011, added HD video conferencing, and distinguishes between public and private information sharing.[33][34][35]

Other products include TIBCO GridServer, TIBCO Flogo and TIBCO StreamBase.

Historical products

TIBCO ActiveMatrix is a technology-neutral platform for composite business process management (BPM) and service-oriented architecture (SOA) applications. The platform includes products for service creation and integration, distributed service and data grids, packaged applications, BPM and governance.[36]

TIBCO Clarity is a tool for analyzing and cleansing raw data.

TIBCO Rendezvous a message bus for enterprise Application integration (EAI) with a messaging API in several programming languages.

TIBCO Hawk is a software product that allows monitoring and management of distributed computing applications.

Acquisitions

The company has made the following acquisitions:

  • In 1997, it acquired inCommon, a push software company.[37]
  • In 1999, it acquired InConcert, a telecommunication workflow company.[38]
  • In 2000, it acquired Extensibility, an XML technology company.[39]
  • In 2002, it acquired Talarian, which developed SmartSockets.[40]
  • In 2004, the company acquired Staffware for automating, integrating and dynamically managing business processes.
  • In 2005, it acquired Objectstar, a mainframe integrator.[41]
  • In 2005, it acquired Velosel, a master data management software provider.[42]
  • In 2007, the company acquired Spotfire, which marketed analytics for business intelligence.[43]
  • In 2008, it purchased Insightful Corporation, including the S-PLUS data analysis programming language.[44]
  • In 2009, it entered the grid computing and cloud computing markets with its acquisition of DataSynapse.[45]
  • On March 25, 2010, the company acquired Netrics, a privately held provider of enterprise data matching software products.
  • On April 20, 2010, it acquired Kabira Technologies Inc., a privately held provider of in-memory transaction-processing software.[46]
  • On September 16, 2010, the company acquired Proginet (file transfer).[47]
  • On September 23, 2010, it acquired OpenSpirit, a provider of data and application integration for exploration and production of oil and gas.
  • On December 8, 2010, the company acquired Loyalty Lab Inc., a privately held independent provider of loyalty management software.[48]
  • On August 30, 2011, it acquired Nimbus, a UK-headquartered provider of business process discovery and analysis applications.[49]
  • On April 12, 2012, the company acquired LogLogic, a big data management company.[50][51]
  • On March 25, 2013, it acquired Maporama Solutions, a privately held provider of location intelligence and geospatial analytics solutions.[52]
  • On June 11, 2013, it acquired StreamBase Systems, an event-processing and streaming analytics software provider.[53]
  • On September 18, 2013, it acquired Extended Results, a privately held provider of mobile business intelligence software.[54]
  • On April 28, 2014, it acquired Jaspersoft, a commercial open source software vendor focused on business intelligence.[55]
  • On August 25, 2015, it announced the acquisition of San Francisco-based Mashery, an API management solution from Intel.[56]
  • On May 15, 2017, it announced the acquisition of Statistica, a data science platform provider.[57]
  • On July 6, 2017, it announced the acquisition of Virginia-based nanoscale.io, a microservices development platform.[58]
  • On October 5, 2017, it announced the acquisition of Cisco's Data Virtualization business (formerly Composite Software).[59]
  • In November 2017 it acquired Alpine Data Labs.
  • On June 6, 2018, it announced the acquisition of integration platform-as-a-service leader Scribe Software.[60]
  • On December 4, 2018, it announced the acquisition of Paris-based Orchestra Networks, a Master Data Management leader.[61]
  • On March 7, 2019, it announced the acquisition of start-up SnappyData, a high-performance in-memory data platform.[62]
  • On October 22, 2020, it announced the acquisition of Information Builders, Inc. (IBI), a data and analytics company based in New York City.[63]

Awards (between 2005 and 2012)
  • Named among This Year's Intelligent Dozen by TechWeb's Intelligent Enterprise.[64]
  • Winner of the Stevie Business Award for Women in Business.[65]
  • Finalist, Business Innovation Category at 2010 American Business Awards.[66]
  • Named Company to Watch, TechWeb's Intelligent Enterprise 2010 Editors' Choice Awards.[67]
  • Spotfire named Best-Ranked Solution by Yphise.[68]
  • Editor's Choice for CMP's Intelligent Enterprise.[69]
  • Multiple award winner, SYS-CON Media's 2007 SOAWorld Readers' Choice Awards.[70]
  • Top Vendor across BPM, SOA and Web 2.0 technology categories.[70]
  • CEO Vivek Ranadivé won the 2005 Wharton Infosys Business Transformation technology change agent Award.[71]
  • Named in Chronicle 500 list of the Bay Area's "top publicly traded companies".[72]

See also

References
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