TIBCO Software Inc. is a business unit of Cloud Software Group that provides

enterprise Enterprise (or the archaic spelling Enterprize) may refer to: Business and economics Brands and enterprises * Enterprise GP Holdings, an energy holding company * Enterprise plc, a UK civil engineering and maintenance company * Enterpris ...

software. It has headquarters in Palo Alto and offices in North America, Europe, Asia, the Middle East,

Africa Africa is the world's second-largest and second-most populous continent after Asia. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 20% of Earth's land area and 6% of its total surfac ...

and South America.

History

TIBCO (The Information Bus Company) was founded in 1997 by

Vivek Ranadivé Vivek Yeshwant Ranadivé ( ; born 7 October 1957) is an Indian-American business executive, engineer, author, speaker and philanthropist.D'Agostino, RyanThe Man Who Knows Everything ''Esquire''. 19 January 2012. Ranadivé is the founder and for ...

as a subsidiary of Reuters Holdings. Ranadivé originally developed the information bus software at his previous company, Teknekron Software Systems, which he sold to Reuters for $125million in 1994. TIBCO's software allowed companies to receive and respond to information in real time. Later in 1997, the company became one of 13 to partner with

Microsoft Microsoft Corporation is an American multinational corporation and technology company, technology conglomerate headquartered in Redmond, Washington. Founded in 1975, the company became influential in the History of personal computers#The ear ...

in the development of

push technology Push technology, also known as server Push, refers to a communication method, where the communication is initiated by a server rather than a client. This approach is different from the " pull" method where the communication is initiated by a clien ...

. Its software products which primarily served the financial sector helping automation of financial transactions processing during the company's early beginnings, had evolved to be used in energy, semiconductor manufacturing, and other industries, by 1999. The company held an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

(IPO) of stock on July 14, 1999. The company said it raised $109.5million from its IPO. In 2000,

Yahoo! Yahoo (, styled yahoo''!'' in its logo) is an American web portal that provides the search engine Yahoo Search and related services including My Yahoo, Yahoo Mail, Yahoo News, Yahoo Finance, Yahoo Sports, y!entertainment, yahoo!life, and its a ...

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 The Hewlett-Packard Company, commonly shortened to Hewlett-Packard ( ) or HP, was an American multinational information technology company. It was founded by Bill Hewlett and David Packard in 1939 in a one-car garage in Palo Alto, California ...

WebEx Webex by Cisco, is an American subsidiary of Cisco Systems that develops and sells web conferencing, videoconferencing and contact center as a service applications. It was founded as WebEx Communications, Inc., in 1995 and acquired by Cisco Sy ...

, and

Citrix Systems Citrix Systems, Inc. is an American multinational cloud computing and virtualization technology company that provides server, application and desktop virtualization, networking, software as a service (SaaS), and cloud computing technologies. ...

on its development. The company survived the

dot-com bubble The dot-com bubble (or dot-com boom) was a stock market bubble that ballooned during the late-1990s and peaked on Friday, March 10, 2000. This period of market growth coincided with the widespread adoption of the World Wide Web and the Interne ...

burst and was listed among ''

USA Today ''USA Today'' (often stylized in all caps) is an American daily middle-market newspaper and news broadcasting company. Founded by Al Neuharth in 1980 and launched on September 14, 1982, the newspaper operates from Gannett's corporate headq ...

s e-Consumer and e-Business index of 50 technology companies that remained relevant in 2001 following the boom.Krantz, Matt (January 3, 2002)
"Internet 50 Survivors Rise from Dot-Com Debris"
''

''. Retrieved July 20, 2013. By the spring of 2001, TIBCO had a

market capitalization Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by ...

of $2 billion. 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. TIBCO was acquired by

Vista Equity Partners Vista Equity Partners Management, LLC is an American private equity firm that invests in software, data, and technology-enabled businesses. It is one of the largest private equity firms in the world, managing over $100 billion in assets. Vista Eq ...

for $4.2billion in December 2014. Murray Rode replaced Ranadivé as

chief executive officer A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

(CEO) following the acquisition. In 2019, Rode became vice chairman of the company and Dan Streetman succeeded him as CEO. TIBCO acquired data and analytics company

Information Builders Information Builders (ibi), founded in 1975, was a privately held software company headquartered in New York City. Information Builders (ibi) provided services in the fields of Business Intelligence, Data Integration and Data Quality solutions. H ...

for an undisclosed sum in January 2021. In September 2022, Vista and

Elliott Investment Management Elliott Investment Management L.P. is an American investment management firm. It is also one of the largest activist funds in the world. It is the management affiliate of American hedge funds Elliott Associates L.P. and Elliott International ...

acquired Florida-based

for $16.5billion and merged the company with TIBCO, forming

Cloud Software Group Cloud Software Group is a conglomerate formed by Vista Equity Partners and Evergreen Coast Capital through the merger of Citrix and TIBCO Software. History On January 31, 2022, it was announced that Citrix had been acquired in a $16.5 billion d ...

. Tom Krause was named CEO of the new company.

Products

TIBCO Software provides enterprise application integration,

data integration Data integration refers to the process of combining, sharing, or synchronizing data from multiple sources to provide users with a unified view. There are a wide range of possible applications for data integration, from commercial (such as when a ...

messaging A message is a unit of communication that conveys information from a sender to a receiver. It can be transmitted through various forms, such as spoken or written words, signals, or electronic data, and can range from simple instructions to co ...

event processing Event processing is a method of tracking and analyzing (processing) streams of information (data) about things that happen (events), and deriving a conclusion from them. Complex event processing (CEP) consists of a set of concepts and techniques de ...

, data virtualization,

master data management Master data management (MDM) is a discipline in which business and information technology collaborate to ensure the uniformity, accuracy, stewardship, semantic consistency, and accountability of the enterprise's official shared master data assets. ...

API management API management is the process of creating and publishing web application programming interfaces (APIs), enforcing their usage policies, controlling access, nurturing the subscriber community, collecting and analyzing usage statistics, and report ...

, and business process automation capabilities.

Acquisitions

The company has made several acquisitions. In 2007, it acquired

Spotfire TIBCO Spotfire is an artificial intelligence (AI)-based analytics platform. Before being acquired by TIBCO in 2007, Spotfire was a business intelligence company based in Somerville, Massachusetts. History Spotfire was co-founded by Christophe ...

, a business intelligence software company. The company also acquired

security management Security management is the identification of an organization's assets i.e. including people, buildings, machines, systems and information assets, followed by the development, documentation, and implementation of policies and procedures for pr ...

platform LogLogic, business software provider JasperSoft, and

streaming data Streaming data is data that is continuously generated by different sources. Such data should be processed incrementally using stream processing techniques without having access to all of the data. In addition, it should be considered that concept ...

analytics firm StreamBase Systems. Other acquisitions include: *In 1997, it acquired inCommon, a push software company. *In 1999, it acquired InConcert, a telecommunication workflow company. *In 2000, it acquired Extensibility, an XML technology company. *In 2009, it acquired DataSynapse, a cloud computing infrastructure company. *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. *On September 16, 2010, the company acquired Proginet (file transfer). *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. *On August 30, 2011, it acquired Nimbus, a UK-headquartered provider of business process discovery and analysis applications. *On March 25, 2013, it acquired Maporama Solutions, a privately held provider of location intelligence and geospatial analytics solutions. *On September 18, 2013, it acquired Extended Results, a privately held provider of mobile business intelligence software. *On August 25, 2015, it announced the acquisition of San Francisco-based Mashery, an API management solution from

Intel Intel Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California, and Delaware General Corporation Law, incorporated in Delaware. Intel designs, manufactures, and sells computer compo ...

. *On May 15, 2017, it announced the acquisition of Statistica, a data science platform provider. * On July 6, 2017, it announced the acquisition of Virginia-based nanoscale.io, a microservices development platform. * On October 5, 2017, it announced the acquisition of Cisco's Data Virtualization business (formerly Composite Software). * 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. * On December 4, 2018, it announced the acquisition of Paris-based Orchestra Networks, a Master Data Management leader. * On March 7, 2019, it announced the acquisition of start-up SnappyData, a high-performance in-memory data platform.

References

External links

* {{Authority control 1997 establishments in California American companies established in 1997 Companies based in Palo Alto, California Companies formerly listed on the Nasdaq Software companies based in the San Francisco Bay Area Software companies established in 1997 1999 initial public offerings 2014 mergers and acquisitions Business software companies Private equity portfolio companies Software companies of the United States Cloud Software Group

History

Products

Acquisitions

See also

References

External links