Jump to content

TIBCO Software

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by 208.38.1.1 (talk) at 17:09, 3 May 2012 (→‎TIBCO tibbr). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

TIBCO Software Inc.
Company typePublic (NASDAQ: TIBX)
IndustryComputer Software
Founded1997
HeadquartersPalo Alto, CA
Key people
Vivek Ranadivé, founder, CEO, chairman
ProductsBusiness software
RevenueUS ~920 Million (FY 2011)
Number of employees
2,500 (June 2010)
Websitewww.tibco.com

TIBCO Software Inc. (NASDAQ: TIBX) is a provider of infrastructure software for companies to use on-premise or as part of cloud computing environments. TIBCO manages information, decisions, processes and applications in real-time for over 4,000 customers with a market cap of $5.1 billion.[1] Clients have included Yahoo, NASDAQ, Charles Schwab, Oracle, Major League Baseball, and the Golden State Warriors.[2][3][4][5] It has headquarters in Palo Alto, California, and offices in North America, Europe, Asia, the Middle East, Africa and South America.[6] The company's major commercial competitors are IBM[7] and Oracle Corporation.

History

Beginnings and Teknekron

In 1985, Teknekron Corp., a technology incubator, provided $250,000 in seed capital to Vivek Ranadivé.[8] In 1986 Teknekron Software Systems was born, and in 1987, it was spun off into an independent company.[9] The company’s principal innovation was the software bus (abbreviated as TIB), which transfers vital data between software programs.[8]

In 1986, Teknekron embarked on a consulting project with Goldman Sachs to redefine the "trading floor of the future.”[10][11] In 1987, the first TIB — for the integration and delivery of market data such as stock quotes, news and other financial information — went live at Fidelity, followed by First Interstate Bank and Salomon, eventually digitizing all of Wall Street.[12] Teknekron’s software bus programming allowed data to be shared between computers using different languages and different applications.[13] Wall Street trading firms used the software for trading systems, and eventually, large-scale manufacturers employed the technology as well.[14] Ranadivé said, ‘’We digitized Wall Street. You had 20 television monitors that you had to look at. What we did was get rid of all that and replaced it with a Sun workstation. All of that information could now be treated as digitized information.’’[15]

In December 1993, Reuters Holdings PLC bought Tenekron for $125.1 million in cash.[16]

TIBCO and IPO

In 1997, Ranadivé founded TIBCO (The Information Bus Company).[17] 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.[8] Later in 1997, TIBCO became one of 13 of Microsoft’s partners in “push” technology, which delivers internet content to users for free through web browsers.[18]

Before going public, Gail Bronson, a senior analyst at IPO Monitor, said that TIBCO "is going to be huge" because of the company’s underwriting, venture capital and corporate connections.[19] TIBCO issued its IPO in July 1999 with a range value of $9 to $11 [20] In its first day of trading, TIBCO’s stock doubled, from $17.38 to $32.38 per share[21][22] and in early 2000, the software maker’s value went from $22.75 to $244.88 per share, the company’s record high at the time.[23] After its IPO, TIBCO raised $109.5 million and 7.3 million common shares sold for $15 each, above its range value.[24]

In 2000, Yahoo introduced Corporate Yahoo, a platform developed using TIBCO Software that allowed companies to develop customized communications between computers.[15] 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.[25]

Post-IPO

Soon after TIBCO’s IPO, the dot-com bubble burst, and 77 of 512 companies that went public in 1999 had been delisted or were off the stock market, and 21 of 396 firms that went public in 2000 were out of business.[26] TIBCO survived the burst and was listed among USA Today’s e-Consumer and e-Business index of 50 technology companies that remained relevant following the boom.[26]. During the first and second quarters of 2001, TIBCO's profits were at $2 billion.[27][28]

In 2003, mobile operator Vodafone and Indian mobile provider Reliance Communications began using TIBCO software, and Delta Air Lines used TIBCO software to organize its operation systems, including baggage handling, ticketing, and check-in.[29][30] The same year, Lufthansa integrated TIBCO programming for its entire IT program, specifically with cargo management, and Deutsche Bahn, Germany’s largest railway operator, used TIBCO software to construct digitally integrated train stations.[31][32]

In 2004, Wellpoint and RealMed used TIBCO technology to process HIPAA claims,[33] and Harrah’s casinos used predictive software to analyze system demands.[34] After Hurricane Katrina destroyed property and displaced citizens in Louisiana, Allstate Insurance used TIBCO programming to process insurance claims.[35] Since its release in 2007, Apple’s iPhone has used TIBCO software to process user requests and facilitate sales of service.[36] Xcel Energy launched its SmartGridCity program in 2009, which provided assistance to companies seeking to reduce carbon emissions, while using TIBCO software.[37]

By 2011, Ranadivé had grown TIBCO's annual revenues to $920 million, its customer base to 4,000, and its number of employees to 2,500.[38][39][40][41]

Products

TIBCO's infrastructure software focuses on real-time communication for business-to-business, business-to-consumer and business-to-employee data transfers.[1][42] Unlike other providers, TIBCO has developed programming that facilitates communication between incompatible software.[43] The company provides middleware, which allows for access to real-time data between multiple systems while predicting users' needs.[44] The software appears in Amazon.com's personalized product recommendations, and FedEx's package tracking system.[44] Clients also use TIBCO's software's feedback to deliver special offers to customers based on their browsing habits.[27]

TIBCO's products focus on fulfilling the company's vision for "Enterprise 3.0," in which technology delivers the right information in the right place at the right time with the right context, giving businesses and organizations an advantage in serving their customers and managing their operations.[45]

TIBCO ActiveMatrix

TIBCO ActiveMatrix is a technology-neutral platform designed to simplify the development, deployment and management of composite business process management (BPM) and service-oriented architecture (SOA) applications. The ActiveMatrix family includes products for service creation and integration, distributed service and data grids, packaged applications, BPM and governance.[46]

TIBCO BusinessEvents

TIBCO BusinessEvents is complex event processing (CEP) software that enables organizations to identify meaningful patterns across their business. It does so by correlating massive volumes of data about discrete events and applying predefined rules to identify situations that require a response.

TIBCO Collaborative Information Manager

TIBCO Collaborative Information Manager is master data management (MDM) software that enables organizations to align enterprise master data across multiple business units, departments and partners and synchronize that information with downstream IT transactional systems.[47]

TIBCO Silver

TIBCO Silver is an infrastructure platform designed specifically for building, deploying and managing cloud applications within enterprise IT environments. Silver includes BPM, composite application development and analytics products.

TIBCO Spotfire

TIBCO Spotfire is an analytics and business intelligence platform that allows customers to perform in-depth analysis on their data through the use of predictive and complex statistics.[48][49] During the 2010 World Cup, FIFA used Spotfire software to give viewers analytics on country teams' past performances.[50]

TIBCO tibbr

In January 2011, TIBCO launched tibbr, a social media system built for use in the workplace.[51] tibbr manages input and output feeds to outside programs and integrates with other social media platforms like Twitter, Facebook, and LinkedIn.[51] Sixty companies, or 50,000 users, have signed up.[52][53] TIBCO launched tibbr 3.0 in summer 2011, which processes HD video conferencing, and divides interactions into communities to designate between public and private information sharing.[54][55][56]

TIBCO FTL

TIBCO FTL is an extreme-low-latency messaging technology that is meant for electronic trading of high performance algorithms on massively multi-core machines.[57]

TIBCO ActiveSpaces Datagrid

TIBCO ActiveSpaces Datagrid is a distributed elastic peer-to-peer transactional datastore implementing and expanding upon the TupleSpace concepts. It is infrastructure software that can be used to store, retrieve and query data stored into Spaces as well as for distributing in a true 'push' manner the changes to that data in real-time as they happen. It can be used as an alternative datastore (with ACID properties and query filtering criteria expressed as SQL-compatible strings), messaging system (or a combination of the two functionality) and can also be used to process large amounts of data in a distributed manner. It can store the data in-memory, on disk or as a combination of the two (i.e. memory being used as a transparent cache).

TIBCO TopLink

At the 2012 World Economic Forum in Davos, Ranadivé, along with WEF’s founder and chairman Klaus Schwab, launched TopLink, a private social network for world leaders.[58][59][60] Ranadivé's goal is to "unlock the collective wisdom of the world’s best and brightest" with TopLink, which is a highly-secure version of TIBCO’s social networking platform tibbr.[61] Users of the network, which has been described as a combination Facebook, Twitter, e-mail, texting, and Skype, can hold group video conferences, ask questions, and discuss ways to solve world issues.[61][62][63]

Clients

The following corporations are currently or have used TIBCO Software's products:

Acquisitions

TIBCO has acquired several companies to extend and enhance its technology offerings. Most notably:

  • In 2002, TIBCO acquired Talarian, adding SmartSockets to its portfolio of high-performance messaging solutions.[69]
  • In 2004, TIBCO acquired Staffware for automating, integrating and dynamically managing business processes.
  • In 2005, TIBCO acquired Objectstar, a mainframe integration solutions provider.[70]
  • In 2007, TIBCO entered the analytics business intelligence markets by acquiring Spotfire.[71]
  • In 2009, the company entered the grid computing and cloud computing markets with its acquisition of DataSynapse.[72]
  • On March 25, 2010, TIBCO acquired Netrics, a privately-held provider of enterprise data matching software products.
  • On September 16, 2010, TIBCO acquired Proginet (file transfer).[73]
  • On September 23, 2010, TIBCO acquired OpenSpirit, an independent provider of data and application integration solutions for the exploration and production segment of the global oil and gas market.
  • On December 8, 2010, TIBCO acquired Loyalty Lab Inc., an independent provider of loyalty management solutions. Headquartered in San Francisco, Loyalty Lab is a privately-held company with over 35 clients including many of the nation's largest retailers, hospitality chains, and consumer product manufacturers.[74]
  • On August 30, 2011, TIBCO acquired Nimbus a UK-headquartered provider of business process discovery and analysis applications that help companies drive adoption of business process initiatives.[75]

Reception and awards

  • Named among This Year's Intelligent Dozen by TechWeb's Intelligent Enterprise[76]
  • Winner of the Stevie Business Award for Women in Business[77]
  • Finalist, Business Innovation Category at 2010 American Business Awards[78]
  • Named Company to Watch, TechWeb's Intelligent Enterprise 2010 Editors' Choice Awards.[79]
  • Using Tibco software, Citibank Hong Kong received the 2009 Banker Innovation Award.[80]
  • Spotfire named Best-Ranked Solution by Yphise.[81]
  • Editor's Choice for CMP's Intelligent Enterprise.[82]
  • Multiple award winner, SYS-CON Media's 2007 SOAWorld Readers' Choice Awards.[83]
  • Top Vendor across BPM, SOA and Web 2.0 technology categories.[83]
  • CEO Vivek Ranadivé won the 2005 Wharton Infosys Business Transformation technology change agent Award.[84]
  • Named in Chronicle 500 list of the Bay Area’s “top publicly traded companies.”[85]

See also

Wikimedia Commons has media related to TIBCO Software.

References

  1. ^ a b TIBCO Software Inc. Bloomberg.com. 3/20/2012.
  2. ^ Riordan, Teresa. Patents; A Smokescreen to Help Workers Keep An Eye On The Game While Looking Productive. New York Times. September 2, 2002.
  3. ^ Transcript of CBS MarketWatch Weekend. MarketWatch. Jan 31, 2000.
  4. ^ Yahoo and Software Firm to Offer Corporate Intranets. San Jose Mercury News. May 16, 1999.
  5. ^ News and Insight on Business in the Golden State; Spotlight: Oracle to Include Push Technology in Software. Los Angeles Times. September 23, 1997.
  6. ^ Connie Moore (2006). "The Forrester Wave: Human-Centric Business Process Management Suites, Q1 2006". Forrester Research, Inc. {{cite journal}}: Unknown parameter |month= ignored (help)
  7. ^ Michael Vizard (1999). "TIBCO to Challenge IBM Portal Play". InfoWorld: 12. {{cite journal}}: Unknown parameter |month= ignored (help)
  8. ^ a b c Roush, Wade.The Two-Second Advantage: Talking with TIBCO’s Vivek Ranadivé. Xconomy. October 28, 2010.
  9. ^ Fisher, Lawrence (December 18, 1993). "Reuters Is Buying Teknekron". The New York Times.
  10. ^ The Boys Are Back in Town; Tibco Rides the Finance Trail Again. A-Team Group. July 1, 2004.
  11. ^ Goldman To Roll Out Teknekron's 'Middleware' Transaction Platform. Risk.net. March 25, 1996.
  12. ^ Corcoran, Elizabeth.The Big Deal: Tibco. Forbes. June 16, 2009.
  13. ^ Information Bus. Legal Force Trademarkia. August 20, 1990.
  14. ^ TIBCO Releases B2B Portal Platform. Electronic AI Journal.
  15. ^ a b Levermore-Rich, Adam. Tapping into the need for speed TIBCO's software quietly powers the Internet. Palo Alto Weekly. June 27, 2001.
  16. ^ Fisher, Lawrence M. COMPANY NEWS; Reuters Is Buying Teknekron. The New York Times. December 18, 1993.
  17. ^ Black, Debra. Davos elite get their own Facebook. Toronto Star. January 26, 2012.
  18. ^ Swartz, Jon. Big Boys Pushing into Technology. San Francisco Chronicle. May 22, 1997.
  19. ^ Friedman, Josh. [http://articles.latimes.com/1999/jul/05/business/fi-53096/2 Sizzling IPOs Bring State Firms Record $4.6 Billion in First Half. Los Angeles Times. July 05, 1999.
  20. ^ ”At Issue: IPOs This Week.” USA Today. July 1999.
  21. ^ Times Staff. NASDAQ Rallies to a Record, but Broad Market is Mixed. Los Angeles Times. July 15, 1999.
  22. ^ "Finance: Movers." The Guardian UK. July 17, 1999.
  23. ^ Dow Gives Back 156, but Smaller Tech Stocks Jump. Los Angeles Times. February 17, 2000.
  24. ^ Tibco Raises $109 million. New York Times. July 15, 1999.
  25. ^ "Daily Briefing: Home Edition." The Atlanta Constitution. June 27, 2000.
  26. ^ a b Krantz, Matt. Survivors rise from dot-com debris ; Sector too big to just wipe clean, ignore, expert says. USA Today. January 3, 2002.
  27. ^ a b c Anders, George. Why Real-Time Business Takes Real Time. Fast Company. June 30, 2001.
  28. ^ Malik, Om. Vivek Randive, Tibco CEO is living in real time. GigaOM. January 12, 2002.
  29. ^ Service Delivery Platforms: Market Research Report Market Publishers. April 20, 2010.
  30. ^ Tibco: Riding the Bus PC Magazine. April 9, 2003.
  31. ^ Lufthansa Cargo Selects Tibco Trade Finance. December 1, 2003.
  32. ^ In Other News Supply and Demand Chain. April 9, 2003.
  33. ^ RealMed Aligns with Tibco ICD 10 Watch. April 22, 2010.
  34. ^ Tibco Software: Message Moguls Baseline Magazine. July 7, 2006.
  35. ^ Babcock, Charles. Allstate Flattens Silos In Claims Processing Information Week Software. May 2, 2008.
  36. ^ Leatherman, Zach. Specific Inheritance With TIBCO’s General Interface. W367. March 3, 2008.
  37. ^ Howlett, Dennis. TIBCO TUCON - Complexity is Cool. ZDNet. May 12, 2010.
  38. ^ TIBCO Software Grows Total Revenue by 20% Over Q4 2010. TIBCO. December 21, 2011.
  39. ^ Ciaccia, Chris. Tibco Tops Wall Street Profit View by Nearly 20%. The Street. December 21, 2011.
  40. ^ Abramson, Ronna. Tibco CEO Sets Big Goals. The Street. March 18, 2004.
  41. ^ McCracken, Jeffrey. Tibco to Hire Rapidly as Economy Improves, CEO Ranadive Says. Bloomberg. January 25, 2012.
  42. ^ Narasimhan, Balaji. Thinking outside the box. The Hindu Business Line. October 17, 2011.
  43. ^ Hamm, Steve. The Tech Challenge. Business Week. August 27, 2001
  44. ^ a b c d Cramer, Jim. Executive Decision Mad Money. October 27, 2011.
  45. ^ The Game Is Afoot For Enterprise 2.0 - Or Is It Enterprise 3.0?, Russell Garland, May 20, 2010
  46. ^ Vizard, Mike. Tibco Takes BPM to a Higher Level. CTOEdge. November 1, 2008.
  47. ^ Kandru, Venkat. TIBCO Collaborative Information Manager. Information Management. October 30, 2008.
  48. ^ Tibco puts free BI into the cloud, Cliff Saran, July 15, 2010
  49. ^ Henschen, Doug. Tibco Brings Analytics to Spotfire 3.1 Information Week. March 10, 2010
  50. ^ a b Stupakevich, Brett. Top Ten Posts From Trends and Outliers in 2010 Smart Data Collective. January 3, 2011.
  51. ^ a b Howlett, Dennis. TIBCO launches tibbr: enough to make enterprise 2.0 viable? ZDNet. January 24, 2011.
  52. ^ Barlas, Pete. [http://news.investors.com/article/602669/201202291515/competition-in-business-social-networking-increases.htm?src=HPLNews Salesforce, Cisco Vie To Be Facebook For Business. Investors.com. February 29, 2012.
  53. ^ [http://www.tibbr.com/about.html About. tibbr.com
  54. ^ Merino, Faith. TIBCO releases tibbr 3.0. Vator News. June 28, 2011.
  55. ^ TIBCO's tibbr May Be the Enterprise 2.0 Solution You've Been Waiting For, Klint Finley et al, Jan 24, 2011
  56. ^ TIBCO launches tibbr: enough to make Enterprise 2.0 viable?, Dennis Howlett, Jan 24, 2011
  57. ^ Henschen, Doug. Tibco FTL Speeds Capital Market Messaging. InformationWeek. March 28, 2011.
  58. ^ D'Agostino, Ryan. The Man Who Knows Everything. Esquire. January 19, 2012.
  59. ^ World Economic Forum Davos 2012: Vivek Ranadive launches social networking site TopCom for leaders to interact. Economic Times. January 26, 2012.
  60. ^ Payrolls Jump Casts Doubt on Fed's Rate Pledge: Economy. Bloomberg Businessweek. February 3, 2012.
  61. ^ a b Newcomb, Alyssa. A Social Network For The 1 Percent. January 24, 2012.
  62. ^ Frank, Robert. The 70 Billionaires at Davos. The Wall Street Journal. January 25, 2012.
  63. ^ Connolly, Ellen. Only billionaires need apply... 'Facebook' for the world's richest 200 people launched. Daily Mail. January 24, 2012.
  64. ^ Rothenberg, Matthew. Holy Grail for a Mixed-Up World. Baseline. February 4, 2002.
  65. ^ Goldman, Leah. The Golden State Warriors Owner Wants To Create The Ultimate Fan Experience Business Insider. February 9, 2012.
  66. ^ NBA's New High-Tech Team Owner. Forbes.
  67. ^ Zinko, Carolyne. Warriors ownership comes with key, lots of texting. San Francisco Chronicle. November 28, 2010.
  68. ^ Tate, Ryan. The Creepy New Facebook for the Staggeringly Rich and Powerful. Gawker. January 23, 2012.
  69. ^ Tibco to Acquire Talaeian, Darryl Taft, Jan 07, 2002
  70. ^ http://www.tibco.com/company/news/releases/2005/press654.jsp
  71. ^ Tibco Acquires Spotfire For $195 Million, W. David Gardner, May 01, 2007
  72. ^ With DataSynapse, TIBCO looks to both present and future, James Staten, August 26, 2009
  73. ^ Tibco Software buys Proginet for $19.6 million, Bloomberg BusinessWeek, June 22, 2010
  74. ^ TIBCO Software Acquires Loyalty Lab
  75. ^ TIBCO Software Acquires Nimbus Partners
  76. ^ TIBCO Software Inc. Chosen by Independent Panel.Bloomberg. May 14, 2009.
  77. ^ The Stevie Awards. Stevie Awards 2010.
  78. ^ tibbr Finalist in 2010 American Business Awards. Business-Software.com. June 11, 2010.
  79. ^ TIBCO Named Business Intelligence 'Company to Watch' in TechWeb's Intelligent Enterprise 2010 Editors' Choice Awards. Reuters. February 22, 2010.
  80. ^ Citibank Hong Kong Honored with 2009 Banker Innovation Award for Groundbreaking Use of TIBCO Real-Time Software.Bloomberg. December 8, 2009.
  81. ^ TIBCO Spotfire Awarded by Yphise as the Best-Ranked Solution for Operational Analytics. Bloomberg. September 23, 2009.
  82. ^ CMP's Intelligent Enterprise Selects TIBCO for Editors' Choice Award. Reuters. January 11, 2008.
  83. ^ a b 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.
  84. ^ Vivek Ranadivé RECEIVES 2005 Wharton Infosys Business Transformation technology change agent Award. IDG Communications. November 8, 2005.
  85. ^ Altine, Kenn. The Chronicle 500 Company Profiles. San Francisco Chronicle. May 01, 2000.
Retrieved from "https://en.wikipedia.org/w/index.php?title=TIBCO_Software&oldid=490494942"