TIBCO Software explained

TIBCO Software Inc.
Type:	Subsidiary
Traded As:	NASDAQ:
Founders:	Vivek Ranadivé
Location:	Stanford Research Park Palo Alto, California, U.S.
Industry:	Software
Parent:	Cloud Software Group

TIBCO Software Inc. is a business unit of Cloud Software Group that provides enterprise software. It has headquarters in Palo Alto and offices in North America, Europe, Asia, the Middle East, Africa and South America.^[1]

History

TIBCO (The Information Bus Company) was founded in 1997 by Vivek Ranadivé as a subsidiary of Reuters Holdings.^[2] Ranadivé originally developed the information bus software at his previous company, Teknekron Software Systems, which he sold to Reuters for $125million in 1994.^[3] TIBCO's software allowed companies to receive and respond to information in real time.^[4] Later in 1997, the company became one of 13 to partner with Microsoft in the development of push technology.^[5] 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.^[6] The company held an initial public offering (IPO) of stock on July 14, 1999. The company said it raised $109.5million from its IPO.^[7]

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.^{[8] [9]} The company survived the dot-com bubble burst and was listed among USA Todays e-Consumer and e-Business index of 50 technology companies that remained relevant in 2001 following the boom.^[10] By the spring of 2001, TIBCO had a market capitalization of $2 billion.^[11]

By 2011, the company's annual revenues had grown to $920million, its customer base to 4,000, and its number of employees to 2,500.^{[12] [13] [14]} TIBCO was acquired by Vista Equity Partners for $4.2billion in December 2014. Murray Rode replaced Ranadivé as chief executive officer (CEO) following the acquisition.^[15] In 2019, Rode became vice chairman of the company and Dan Streetman succeeded him as CEO.^{[16] [17]}

TIBCO acquired data and analytics company Information Builders for an undisclosed sum in January 2021.^[18] In September 2022, Vista and Elliott Investment Management acquired Florida-based Citrix Systems for $16.5billion and merged the company with TIBCO, forming Cloud Software Group.^[19] Tom Krause was named CEO of the new company.^[20]

Products

TIBCO Software provides enterprise application integration, data integration, messaging, event processing, data virtualization, master data management, API management, and business process automation capabilities.^[21]

Acquisitions

The company has made several acquisitions. In 2007, it acquired Spotfire, a business intelligence software company.^[22] The company also acquired security management platform LogLogic,^[23] business software provider JasperSoft,^[24] and streaming data analytics firm StreamBase Systems.^[25]

Other acquisitions include:

• In 1997, it acquired inCommon, a push software company.^[26]
• In 1999, it acquired InConcert, a telecommunication workflow company.^[27]
• In 2000, it acquired Extensibility, an XML technology company.^[28]
• On March 25, 2010, the company acquired Netrics, a privately held provider of enterprise data matching software products.^[29]
• On April 20, 2010, it acquired Kabira Technologies Inc., a privately held provider of in-memory transaction-processing software.^[30]
• On September 16, 2010, the company acquired Proginet (file transfer).^[31]
• On September 23, 2010, it acquired OpenSpirit, a provider of data and application integration for exploration and production of oil and gas.^[32]
• On December 8, 2010, the company acquired Loyalty Lab Inc., a privately held independent provider of loyalty management software.^[33]
• On August 30, 2011, it acquired Nimbus, a UK-headquartered provider of business process discovery and analysis applications.^[34]
• On March 25, 2013, it acquired Maporama Solutions, a privately held provider of location intelligence and geospatial analytics solutions.^[35]
• On September 18, 2013, it acquired Extended Results, a privately held provider of mobile business intelligence software.^[36]
• On August 25, 2015, it announced the acquisition of San Francisco-based Mashery, an API management solution from Intel.^[37]
• On May 15, 2017, it announced the acquisition of Statistica, a data science platform provider.^[38]
• On July 6, 2017, it announced the acquisition of Virginia-based nanoscale.io, a microservices development platform.^[39]
• On October 5, 2017, it announced the acquisition of Cisco's Data Virtualization business (formerly Composite Software).^[40]
• In November 2017 it acquired Alpine Data Labs.^[41]
• On June 6, 2018, it announced the acquisition of integration platform-as-a-service leader Scribe Software.^[42]
• On December 4, 2018, it announced the acquisition of Paris-based Orchestra Networks, a Master Data Management leader.^[43]
• On March 7, 2019, it announced the acquisition of start-up SnappyData, a high-performance in-memory data platform.^[44]

See also

• List of California companies

Notes and References

1. News: Moore, Connie . February 2006 . The Forrester Wave: Human-Centric Business Process Management Suites, Q1 200.
2. News: Levine . Barry . Tibco goes private for $4.3 billion . March 20, 2023 . . September 29, 2014.
3. This Man Wants to Make the NBA a Social Network — And Take It Global . Riches . Sam . . December 26, 2013 . April 26, 2023.
4. News: Roush . Wade . October 28, 2010 . The Second Advantage: Talking with TIBCO's Vivek Ranadivé . . July 19, 2013 . https://web.archive.org/web/20210621092232/https://xconomy.com/san-francisco/2010/10/28/the-two-second-advantage-talking-with-tibcos-vivek-ranadive/ . June 21, 2021.
5. News: Swartz . Jon . Big Boys Pushing Into Hot Technology / Microsoft, Netscape enter the fray . March 20, 2023 . . May 22, 1997.
6. News: Wingfield . Nick . March 18, 1999 . Tibco Software 'Pushes' Wares Beyond Its Wall Street Roots . The Wall Street Journal.
7. News: Tibco Raises $109 Million . . July 15, 1999 . March 20, 2023.
8. News: Tapping into the need for speed . Levermore-Rich . Adam . June 27, 2001 . March 20, 2023 . .
9. News: Daily Briefing: Yahoo to introduce corporate product . June 27, 2000 . The Atlanta Journal-Constitution.
10. Krantz, Matt (January 3, 2002). "Internet 50 Survivors Rise from Dot-Com Debris". USA Today. Retrieved July 20, 2013.
11. News: Anders . George . George Anders . Why " Real-Time" Business Takes Real Time . March 20, 2023 . . June 30, 2001.
12. Web site: Ciaccia . Chris . Tibco Tops Wall Street Profit View by Nearly 20%. . . Arena Group . March 20, 2023 . December 21, 2011 .
13. Web site: Abramson . Ronna . March 18, 2004 . Tibco CEO Sets Big Goals . TheStreet . Arena Group . March 20, 2023.
14. News: McCracken . Jeffrey . January 25, 2012 . Tibco to Hire Rapidly as Economy Improves, CEO Ranadive Says . . March 20, 2023.
15. News: Clancy . Heather . Exit Interview: What's next for Tibco founder Vivek Ranadivé? . March 20, 2023 . . December 22, 2014 . en.
16. TIBCO Names Dan Streetman as Chief Executive Officer, Murray Rode as Vice Chairman . April 10, 2019 . TIBCO.
17. Web site: Former BMC Software exec joins TIBCO as CEO . April 10, 2019 . . Ikrama Majeed . Ranjha.
18. News: Vizard . Michael . TIBCO closes its acquisition of IBI to advance data analytics . March 20, 2023 . . January 6, 2021.
19. Web site: 2023-06-15 . Cloud Software Group explained, with TIBCO and Citrix still very much in enterprise line of sight . 2024-01-09 . diginomica.com . en.
20. News: Millward . Wade Tyler . Citrix-Tibco Close $17B Deal, Uniting Virtualization And Enterprise Apps Vendors . March 20, 2023 . . September 30, 2022 . en.
21. News: Tibco scales data analytics and visualization with an eye on AI . Kerner . Sean Michael . . March 14, 2023 . April 13, 2023.
22. News: Tibco to buy business intelligence software co., Spotfire, for $195M . Marshall . Matt . VentureBeat . May 2, 2007 . June 21, 2023.
23. News: Tibco Buys LogLogic For $130M . Savitz . Eric . Forbes . April 13, 2012 . June 21, 2023.
24. News: Tibco Pays About $185M to Acquire Jaspersoft . Kell . John . The Wall Street Journal . April 28, 2014 . June 21, 2023.
25. News: Tibco acquires Streambase to bring real-time analytics tech to Wall Street . Farr . Christina . VentureBeat . June 11, 2013 . June 21, 2023.
26. Web site: TIBCO Acquires inCommon; Content Delivery and Management Technology to be Integrated Into TIBCO's Information Bus Products. - Free Online Library. www.thefreelibrary.com.
27. Web site: TIBCO Software Completes InConcert Acquisition . www.prnewswire.com . dead . https://web.archive.org/web/20160413220246/http://www.prnewswire.com/news-releases/tibco-software-completes-inconcert-acquisition-77058017.html . 2016-04-13.
28. Web site: TIBCO Software Announces Acquisition of Extensibility, Inc. . www.prnewswire.com . dead . https://web.archive.org/web/20160413233127/http://www.prnewswire.com/news-releases/tibco-software-announces-acquisition-of-extensibility-inc-72695357.html . 2016-04-13.
29. Web site: 31 March 2010 . TIBCO Software acquires Netrics . 15 January 2024 . idm.
30. http://www.faqs.org/sec-filings/100709/TIBCO-SOFTWARE-INC_10-Q/ "TIBCO Software SEC Filing 10Q"
31. TIBCO Completes Acquisition of Proginet Corporation . https://web.archive.org/web/20190623234706/https://www.reuters.com/article/idUS115266%2B16-Sep-2010%2BMW20100916 . dead . June 23, 2019 . . September 16, 2010.
32. Web site: Tibco Software acquires OpenSpirit . 2024-01-15 . www.bizjournals.com.
33. Web site: TIBCO Software Acquires Loyalty Lab . December 5, 2013 . https://web.archive.org/web/20131220095342/http://www.tibco.com/company/news/releases/2010/press1072.jsp . December 20, 2013 . dead . mdy-all .
34. Web site: TIBCO Software Acquires Nimbus Partners . December 5, 2013 . https://web.archive.org/web/20131026190958/http://www.tibco.com/company/news/releases/2011/press1118.jsp . October 26, 2013 . dead . mdy-all .
35. http://www.tibco.com/company/news/releases/2013/press1250.jsp "TIBCO Software Acquires Maporama Solutions"
36. http://www.tibco.com/company/news/releases/2013/press1291.jsp "TIBCO Software Acquires Extended Results"
37. Web site: TIBCO Software to Acquire API Management Leader Mashery. TIBCO Software Inc..
38. Web site: TIBCO Software to Acquire Data Science Platform Leader Statistica TIBCO Software. www.tibco.com. en. 2017-05-18.
39. Web site: TIBCO Bolsters Microservices Leadership with nanoscale.io Acquisition. TIBCO Software Inc..
40. Web site: TIBCO Acquires Data Virtualization Business from Cisco. TIBCO Software Inc..
41. Web site: 2017-11-16 . TIBCO Acquires Alpine Data to Bolster Data Science Technology . 2024-01-15 . Database Trends and Applications . en-US.
42. Web site: TIBCO Software Acquires Integration Platform-as-a-Service Leader Scribe Software. TIBCO Software Inc..
43. Web site: TIBCO Announces Acquisition of Master Data Management Leader Orchestra Networks. TIBCO Software Inc..
44. Web site: TIBCO Announces Acquisition of High-Performance In-Memory Data Platform SnappyData. TIBCO Software Inc..