TIBCO Software Inc. is an American business intelligence software company founded in 1997 in Palo Alto, California. It has headquarters in Palo Alto, California, and offices in North America, Europe, Asia, the Middle East, Africa and South America. Its Palo Alto campus consists of four buildings on 16 acres in Palo Alto's

Stanford Research Park Stanford Research Park (SRP) is a technology park established in 1951 as a joint initiative between Stanford University and the City of Palo Alto. It has more than 150 companies, including Hewlett-Packard, Tesla Motors, TIBCO and VMware; previous ...

History

In 1997, Vivek Ranadivé, who had previously founded and sold Teknekron Software Systems, Inc,Black, Debra (January 26, 2012)
"Davos Elite Get Their Own Facebook Move Over Twitter and Facebook There's a New Platform in Town: It's Called TopCom and It's Geared to the World's Leaders"
''

Toronto Star The ''Toronto Star'' is a Canadian English-language broadsheet daily newspaper. The newspaper is the country's largest daily newspaper by circulation. It is owned by Toronto Star Newspapers Limited, a subsidiary of Torstar Corporation and part ...

''. Retrieved July 19, 2013. founded TIBCO (The Information Bus Company) as a subsidiary of Reuters Holdings, which was then a new venture firm, with financial backing from Cisco Systems. The bus software allowed communication within the financial markets to happen in real-time and without human intervention. The technology was used by companies like SAP, IBM, and

Oracle An oracle is a person or agency considered to provide wise and insightful counsel or prophetic predictions, most notably including precognition of the future, inspired by deities. As such, it is a form of divination. Description The word '' ...

.Roush, Wade (October 28, 2010)
"The Second Advantage: Talking with TIBCO's Vivek Ranadivé"
Xconomy. Retrieved in July 19, 2013. Later in 1997, the company became one of 13 of Microsoft's partners in "push" technology, which delivers internet content to users for free through web browsers.Swartz, Jon (May 22, 1997)
"Big Boys Pushing into Technology Microsoft, Netscape Enter the Fray"
'' San Francisco Chronicle''. Retrieved July 19, 2013. The company's initial public offering (IPO) of stock was made in July 1999 with a range value of $9 to $11."At Issue: IPOs This Week". '' USA Today''. July 1999. In its first day of trading, the company's stock doubled, from $17.38 to $32.38 per shareStaff (July 15, 1999)
"NASDAQ Rallies to a Record, But Broad Market Is Mixed"
'' Los Angeles Times''. Retrieved July 19, 2013."Finance: Movers". '' The Guardian''. July 17, 1999.. and in early 2000, the company's value went from $22.75 to $244.88 per share, its record high at the time.Staff (February 17, 2000)
"Dow Gives Back 156, but Smaller Tech Stocks Jump"
'' Los Angeles Times''. Retrieved July 19, 2013. After the IPO, the company raised $109.5 million and 7.3 million common shares sold for $15 each, above its range value.Staff (July 15, 1999)
"Tibco Raises $109 Million"
'' The New York Times''. Retrieved July 19, 2013. In 2000, Yahoo! introduced Corporate Yahoo, a platform developed using TIBCO Software that allowed companies to develop customized communications between computers.Levermore-Rich, Adam (June 27, 2001)
"Tapping into the Need for Speed TIBCO's Software Quietly Powers the Internet"
''

Palo Alto Weekly The ''Palo Alto Weekly'' is a weekly community newspaper in Palo Alto in the U.S. state of California. Owned by Embarcadero Media, it serves Palo Alto, Menlo Park, Atherton, Portola Valley, Stanford, East Palo Alto and Los Altos Hills. It was e ...

''. Retrieved July 19, 2013. Corporate Yahoo contained early examples of bundled e-mail, calendars, stock prices, and news displayed on intranet homepages.

Hewlett-Packard The Hewlett-Packard Company, commonly shortened to Hewlett-Packard ( ) or HP, was an American multinational information technology company headquartered in Palo Alto, California. HP developed and provided a wide variety of hardware components ...

was one of the partners in the software's development."Daily Briefing: Home Edition". '' The Atlanta Constitution''. June 27, 2000.

Post-IPO

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.Krantz, Matt (January 3, 2002)
"Internet 50 Survivors Rise from Dot-Com Debris"
'' USA Today''. Retrieved July 20, 2013. During the first and second quarters of 2001, the firm's market capitalization approached $2 billion. Anders, George (June 30, 2001)
"Why Real-Time Business Takes Real Time They Have the Technology: Using Internet-Driven Software, Companies Can Now Access Up-to-the-Minute Sales and Market Data Are They Ready to Flip the Switch?"
. '' Fast Company''. Retrieved July 20, 2013. Malik, Om (January 12, 2002)
"Vivek Randive, Tibco CEO Is Living in Real Time"
GigaOM. Retrieved July 20, 2013. In 2002, Verity, Inc., an American business portal infrastructure software provider, announced an expanded alliance with the company to integrate Verity K2 Developer technology with TIBCO ActivePortal 4.0. In 2003, British mobile operator Vodafone and Indian mobile provider

Reliance Communications Reliance Communications Limited (RCOM) was an Indian mobile network provider headquartered in Navi Mumbai that offered voice and 2G and 3G and 4G data services. In February 2019, the company filed for bankruptcy as it was unable to sell asse ...

began using the firm's software, and Delta Air Lines used TIBCO software to organize its operation systems, including baggage handling, ticketing and check-in. . Staff (April 1, 2010)
"Service Delivery Platforms: Market Research Report"
(

PDF Portable Document Format (PDF), standardized as ISO 32000, is a file format developed by Adobe in 1992 to present documents, including text formatting and images, in a manner independent of application software, hardware, and operating systems. ...

Market Publishers Market is a term used to describe concepts such as: *Market (economics), system in which parties engage in transactions according to supply and demand *Market economy *Marketplace, a physical marketplace or public market Geography *Märket, an ...

. Retrieved July 20, 2013.Weinberger, Joshua (April 9, 2003).
"Tibco: Riding the Bus The Palo Alto, Calif., Company—Famed for Its Enterprise Application Integration Capabilities—Is Trying to Corner the Market in the Real-Time Distribution of Business Information Read What Real-Life Customers Have to Say About What Their Deployments Were Like, and What the Results Have Been"
''

PC Magazine ''PC Magazine'' (shortened as ''PCMag'') is an American computer magazine published by Ziff Davis. A print edition was published from 1982 to January 2009. Publication of online editions started in late 1994 and have continued to the present d ...

''. Retrieved July 20, 2013. The same year,

Lufthansa Deutsche Lufthansa AG (), commonly shortened to Lufthansa, is the flag carrier of Germany. When combined with its subsidiaries, it is the second- largest airline in Europe in terms of passengers carried. Lufthansa is one of the five founding m ...

also used their software and

Deutsche Bahn The (; abbreviated as DB or DB AG) is the national railway company of Germany. Headquartered in the Bahntower in Berlin, it is a joint-stock company ( AG). The Federal Republic of Germany is its single shareholder. describes itself as the se ...

used it to construct digitally integrated train stations."Lufthansa Cargo Selects Tibco"
'' Trade Finance''. December 1, 2003."In Other News"
''

Supply & Demand Chain Executive ''Supply & Demand Chain Executive'' is a business technology magazine for supply chain executives at manufacturing and non-manufacturing companies and organizations, as well as public sector agencies, covering solutions and services for improving ...

''. April 9, 2003. In 2004, Wellpoint (now

Anthem An anthem is a musical composition of celebration, usually used as a symbol for a distinct group, particularly the national anthems of countries. Originally, and in music theory and religious contexts, it also refers more particularly to short ...

) and RealMed used TIBCO technology to process

HIPAA The Health Insurance Portability and Accountability Act of 1996 (HIPAA or the Kennedy– Kassebaum Act) is a United States Act of Congress enacted by the 104th United States Congress and signed into law by President Bill Clinton on August 21, 19 ...

claims,Sullivan, Tom (April 22, 2010)
"RealMed Aligns with Tibco for HIPAA 5010, ICD-10 Deadlines"
'' ICD 10 Watch''. Retrieved July 20, 2013. and Harrah's casinos used predictive software to analyze system demands.Watson, Brian P. (July 13, 2006)
"Tibco Software: Message Moguls"
Baseline. Retrieved July 20, 2013.

Allstate The Allstate Corporation is an American insurance company, headquartered in Northfield Township, Illinois, near Northbrook since 1967. Founded in 1931 as part of Sears, Roebuck and Co., it was spun off in 1993 but still partially owned by S ...

used its programming to process insurance claims. Since its release in 2007, Apple Inc.'s iPhone has used TIBCO software to process user requests and facilitate sales. Xcel Energy launched its SmartGridCity program in 2009, which assisted companies seeking to reduce carbon emissions while using TIBCO software.Howlett, Dennis (May 12, 2010)
"TIBCO TUCON - Complexity Is Cool"
''Irregular Enterprises'' (blog of ZDNet). Retrieved July 20, 2013. 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.McCracken, Jeffrey (January 25, 2012)
"Tibco to Hire Rapidly as Economy Improves, CEO Ranadive Says"
Bloomberg News. Retrieved July 20, 2013. In March 2013, TIBCO announced that it had chosen LaunchSquad as its corporate PR Agency of Record. In September 2014, TIBCO revealed it was being bought out by private equity firm Vista Equity Partners for $4.3 billion. On December 5, 2014, the acquisition of TIBCO by Vista Equity Partners was completed. Murray Rode was made the

CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

of TIBCO. In 2019, TIBCO announced Dan Streetman as CEO and Murray Rode as Vice Chairman. In October 2020, TIBCO announced the acquisition of Information Builders, Inc. (IBI), a leading data and analytics company based in New York City. In September 2022, TIBCO announced the acquisition of

Citrix Systems, Inc. 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. C ...

(CTXS), a cloud computing and virtualization technology company that provides server, application and desktop virtualization, networking, software as a service, and cloud computing technologies based in Ft. Lauderdale, Florida. In July 2022, Citrix announced that Tom Krause would succeed Robert Calderoni as CEO of the company following its merger with TIBCO software.

Products

The company's infrastructure software focuses on real-time communication for

business-to-business Business-to-business (B2B or, in some countries, BtoB) is a situation where one business makes a commercial transaction with another. This typically occurs when: * A business is sourcing materials for their production process for output (e.g., a ...

, business-to-consumer and

business-to-employee Business-to-employee (B2E) electronic commerce uses an intrabusiness network which allows companies to provide products and/or services to their employees. Typically, companies use B2E networks to automate employee-related corporate processes. B2E ...

data transfers,"TIBCO Software Inc"
Bloomberg. March 20, 2012.Narasimhan, Balaji (October 17, 2011)
"Thinking Outside the Box"
'' The Hindu Business Line''. Retrieved July 23, 2013. 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.

Jim Cramer James Joseph Cramer (born February 10, 1955) is an American television personality and author. He is the host of ''Mad Money'' on CNBC and an anchor on ''Squawk on the Street''. A former hedge fund manager, founder, and senior partner of Cramer ...

(October 27, 2001)
"Executive Decision"
(video; requires Adobe Flash). '' Mad Money''. The software appears in Amazon.com's personalized product recommendations and

FedEx FedEx Corporation, formerly Federal Express Corporation and later FDX Corporation, is an American multinational conglomerate holding company focused on transportation, e-commerce and business services based in Memphis, Tennessee. The name "Fe ...

's package tracking system. Clients also use the software's feedback to deliver offers to customers based on their browsing habits. TIBCO EBX is a multi dimensional (vector) MDM

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

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 In computer science, ACID ( atomicity, consistency, isolation, durability) is a set of properties of database transactions intended to guarantee data validity despite errors, power failures, and other mishaps. In the context of databases, a sequ ...

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 Composite Software, Inc. was previously a privately held data virtualization software company based in San Mateo, California. Composite Software was founded in October 2001 by Michael R. Abbott. In 2003, former Active Software founder and webMet ...

. TIBCO

LogLogic LogLogic is a technology company that specializes in Security Management, Compliance Reporting, and IT Operations products. LogLogic developed the first appliance-based log management platform. LogLogic's Log Management platform collects and corr ...

collects logs and events from network devices, servers, databases, operating systems and applications. TIBCO MDM is the legacy

software for aligning enterprise data across multiple business units, departments and partners and synchronizing the information with IT transactional systems. 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 The Internet of things (IoT) describes physical objects (or groups of such objects) with sensors, processing ability, software and other technologies that connect and exchange data with other devices and systems over the Internet or other com ...

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.Henschen, Doug (March 10, 2010)
"Tibco Brings Analytics to Spotfire 3.1"
'' InformationWeek''. Retrieved July 23, 2013. During the

2010 World Cup , image = 2010 FIFA World Cup.svg , size = 200px , caption = ''Ke Nako. (Tswana and Sotho for "It's time") Celebrate Africa's Humanity'It's time. Celebrate Africa's Humanity'' (English)''Dis tyd. Vier Afrika se mensd ...

FIFA FIFA (; stands for ''Fédération Internationale de Football Association'' ( French), meaning International Association Football Federation ) is the international governing body of association football, beach football and futsal. It was found ...

used this software to give viewers analytics on country teams' past performances.Stupakevich, Brett (January 3, 2011)
"Top Ten Posts From Trends and Outliers in 2010"
Tibco Software (via SmartDataCollective). Retrieved July 23, 2013. Its components include TIBCO Enterprise Runtime for R, a

runtime engine In computer programming, a runtime system or runtime environment is a sub-system that exists both in the computer where a program is created, as well as in the computers where the program is intended to be run. The name comes from the compile t ...

for the R programming language, which was added in September 2012 as part of Spotfire 5.0. TIBCO tibbr, announced in January 2011, is a social media system for the workplace.Howlett, Dennis (January 24, 2011)
"TIBCO Launches Tibbr: Enough to Make Enterprise 2.0 Viable?"
. ''Irregular Enterprise'' (blog of ZDNet). Retrieved July 23, 2013. It manages input and output feeds to outside programs and integrates with other social media platforms. Sixty companies, encompassing 50,000 users, have signed up.Barlas, Pete (February 29, 2012)
"Salesforce, Cisco Vie to Be Facebook for Business"
Investors.com. tibbr 3.0, launched in June 2011, added HD video conferencing, and distinguishes between public and private information sharing.Merino, Faith
TIBCO releases tibbr 3.0
''Vator News''. June 28, 2011. Other products include TIBCO GridServer, TIBCO Flogo, TIBCO Spotfire, 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. 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. *In 1999, it acquired InConcert, a telecommunication workflow company. *In 2000, it acquired Extensibility, an XML technology company. *In 2002, it acquired Talarian, which developed SmartSockets. *In 2004, the company acquired Staffware for automating, integrating and dynamically managing business processes. *In 2005, it acquired Objectstar, a

mainframe A mainframe computer, informally called a mainframe or big iron, is a computer used primarily by large organizations for critical applications like bulk data processing for tasks such as censuses, industry and consumer statistics, enterprise ...

integrator. *In 2005, it acquired Velosel, a master data management software provider. *In 2007, the company 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 founded by Christopher Ahlb ...

, which marketed analytics for business intelligence. *In 2008, it purchased Insightful Corporation, including the S-PLUS data analysis programming language. *In 2009, it entered the grid computing and cloud computing markets with its acquisition of DataSynapse. *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 April 12, 2012, the company acquired

, a

big data Though used sometimes loosely partly because of a lack of formal definition, the interpretation that seems to best describe Big data is the one associated with large body of information that we could not comprehend when used only in smaller am ...

management company. *On March 25, 2013, it acquired Maporama Solutions, a privately held provider of location intelligence and geospatial analytics solutions. *On June 11, 2013, it acquired StreamBase Systems, an event-processing and streaming analytics software provider. *On September 18, 2013, it acquired Extended Results, a privately held provider of mobile business intelligence software. *On April 28, 2014, it acquired

Jaspersoft JasperReports is an open source Java reporting tool that can write to a variety of targets, such as: screen, a printer, into PDF, HTML, Microsoft Excel, RTF, ODT, comma-separated values (CSV) or XML files. It can be used in Java-enabled applicat ...

, a commercial open source software vendor focused on business intelligence. *On August 25, 2015, it announced the acquisition of San Francisco-based Mashery, an API management solution from Intel. *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. * On October 22, 2020, it announced the acquisition of Information Builders, Inc. (IBI), a data and analytics company based in New York City.

Awards (between 2005 and 2012)

*Named among ''This Year's Intelligent Dozen'' by TechWeb's Intelligent EnterpriseTIBCO Software Inc. Chosen by Independent Panel as One of "The Dozen" Most Influential Companies for Intelligent Enterprises for 2009
boston.com''. May 14, 2009. *Winner of the Stevie Business Award for Women in BusinessThe Stevie Awards
''Stevie Awards 2010''. *Finalist, Business Innovation Category at 2010 American Business Awardstibbr "Finalist in 2010 American Business Awards"
''Business-Software.com''. June 11, 2010. *Named ''Company to Watch'', TechWeb's Intelligent Enterprise 2010 Editors' Choice Awards."TIBCO Named Business Intelligence 'Company to Watch' in TechWeb's Intelligent Enterprise 2010 Editors' Choice Awards"
Reuters. February 22, 2010. *Spotfire named Best-Ranked Solution by Yphise."TIBCO Spotfire Awarded by Yphise as the Best-Ranked Solution for Operational Analytics"
Bloomberg News. September 23, 2009. *Editor's Choice for CMP's Intelligent Enterprise."CMP's Intelligent Enterprise Selects TIBCO for Editors' Choice Award"
. Reuters. January 11, 2008. *Multiple award winner, SYS-CON Media's 2007 SOAWorld Readers' Choice Awards."TIBCO Software: TIBCO Sweeps SYS-CON Media's 2007 SOAWorld Readers' Choice Awards; Company Rated Top Vendor Across BPM, SOA and Web 2.0 Technology Categories"
''TMCnet''. July 20, 2007. *Top Vendor across BPM, SOA and Web 2.0 technology categories. *CEO Vivek Ranadivé won the 2005 Wharton Infosys Business Transformation technology change agent Award."Vivek Ranadivé Receives 2005 Wharton Infosys Business Transformation Technology Change Agent Award"
''IDG Communications''. November 8, 2005. *Named in Chronicle 500 list of the Bay Area's "top publicly traded companies".Altine, Kenn (May 1, 2000)
"The Chronicle 500 Company Profiles"
'' San Francisco Chronicle''.

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 Data analysis software Business software companies Private equity portfolio companies Software companies of the United States