|Headquarters||Palo Alto, California, United States|
|Dan Streetman (CEO)
(Founder & Board Member)
|Revenue||~USD$1 billion (FY 2012)|
|Owners||Vista Equity Partners|
Number of employees
|4,200 (Q4 2015)|
TIBCO Software Inc. is a company that specializes in big data and software integrations.
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.
In 1997, Vivek Ranadivé, who had previously founded and sold Teknekron Software Systems, Inc, 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. 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.
The company's initial public offering (IPO) of stock was made in July 1999 with a range value of $9 to $11. In its first day of trading, the company's stock doubled, from $17.38 to $32.38 per share[page needed] and in early 2000, the company's value went from $22.75 to $244.88 per share, its record high at the time. After the IPO, the company raised $109.5 million and 7.3 million common shares sold for $15 each, above its range value.
In 2000, Yahoo! introduced Corporate Yahoo, a platform developed using TIBCO Software that allowed companies to develop customized communications between computers. Corporate Yahoo contained early examples of bundled e-mail, calendars, stock prices, and news displayed on intranet homepages. Hewlett-Packard was one of the partners in the software's development.
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. During the first and second quarters of 2001, the firm's market capitalization approached $2 billion.
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 to better meet the needs of their customers.
In 2003, British mobile operator Vodafone and Indian mobile provider Reliance Communications 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. The same year, Lufthansa also used their software and Deutsche Bahn used it to construct digitally integrated train stations.
In 2004, Wellpoint (now Anthem) and RealMed used TIBCO technology to process HIPAA claims, and Harrah's casinos used predictive software to analyze system demands. Allstate 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 provided assistance to companies seeking to reduce carbon emissions, while using TIBCO software.
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. In March 2013, TIBCO announced that it had chosen LaunchSquad as its corporate PR Agency of Record.
In 2019, TIBCO announced Dan Streetman as CEO and Murray Rode as Vice Chairman.
In October of 2020, TIBCO announced the acquisition of Information Builders, Inc. (IBI), a leading data and analytics company based in New York City.
The company's infrastructure software focuses on real-time communication for business-to-business, business-to-consumer and business-to-employee data transfers, 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. The software appears in Amazon.com's personalized product recommendations, and FedEx's package tracking system. Clients also use the software's feedback to deliver special offers to customers based on their browsing habits.
TIBCO ActiveSpaces expandable, in-memory system-of-record datastore. It stores, retrieves, and queries data stored into 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), as well as a processing arena for large amounts of data in a distributed manner.
TIBCO BusinessEvents is complex event processing (CEP) software to identify patterns across a business by correlating massive volumes of data with discrete events and applying predefined rules to identify situations that require a response.
TIBCO LogLogic collects logs and events from network devices, servers, databases, operating systems and applications.
- TIBCO Messaging provides components to support the wide range of messaging/communications needs. From high-performance (millions of messages a second) to low latency (sub-microsecond delivery), to fully transactional enterprise-class distribution, to streaming data and open source support, TIBCO Messaging offers solutions to meet these demands and many others.
- 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 fully 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 all the components in the TIBCO Messaging Suite.
- TIBCO FTL is the backbone for high-performance, 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 one of the most popular open source streaming platforms available, providing a distributed approach to data distribution and streaming.
- TIBCO Eclipse Mosquitto Distribution is one of the most popular open source IoT communications platforms fully 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. During the 2010 World Cup, FIFA used this software to give viewers analytics on country teams' past performances. Among its components is the 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.
TIBCO tibbr, announced in January 2011, is a social media system for the workplace. 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. tibbr 3.0, launched in June 2011, added HD video conferencing, and distinguishes between public and private information sharing.
Other products include TIBCO GridServer, TIBCO Flogo, TIBCO Spotfire, TIBCO StreamBase.
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 that can quickly analyze and cleanse 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.
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 integrator.
- In 2005, it acquired Velosel, a master data management software provider.
- In 2007, the company acquired Spotfire, 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 LogLogic, a big data 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, 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 leading data and analytics company based in New York City.
- Named among This Year's Intelligent Dozen by TechWeb's Intelligent Enterprise
- Winner of the Stevie Business Award for Women in Business
- Finalist, Business Innovation Category at 2010 American Business Awards
- Named Company to Watch, TechWeb's Intelligent Enterprise 2010 Editors' Choice Awards.
- Spotfire named Best-Ranked Solution by Yphise.
- Editor's Choice for CMP's Intelligent Enterprise.
- Multiple award winner, SYS-CON Media's 2007 SOAWorld Readers' Choice Awards.
- 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.
- Named in Chronicle 500 list of the Bay Area's "top publicly traded companies".
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