|Headquarters||Palo Alto, California, United States|
Murray Rode (CEO)Vivek Ranadivé
(Founder & Board Member)
|Revenue||US ~1 Billion (FY 2012)|
|Owners||Vista Equity Partners|
Number of employees
|4,200 (Q4 2015)|
TIBCO (The Information Bus Company) Software Inc. is an American company that provides integration, analytics and event-processing software for companies to use on-premises or as part of cloud computing environments. The software manages information, decisions, processes and applications for over 10,000 customers.
Clients include AirFrance/KLM, Citi, Conway, ING, Marks and Spencer, Nielsen, Shell, University of Chicago Medicine, Western Union.
In 1985, Teknekron Corporation, a technology incubator, provided $250000 in seed capital to Vivek Ranadivé. In 1986 Teknekron Software Systems was founded, and in 1987, spun off into an independent company. The company's principal innovation was a software product known as the Teknekron Information Bus (abbreviated as TIB), which transfers vital data between software programs.
In the year 1986, Teknekron had a consulting project with Goldman Sachs to develop computer driven stock trading. 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 Investments, followed by First Interstate Bank and Salomon Brothers, eventually digitizing all of Wall Street. Teknekron's software bus programming allowed data to be shared between computers using different languages and different applications. Wall Street trading firms used the software for trading systems, and eventually, large-scale manufacturers employed the technology as well. 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."
Initial public offering
In 1997, Ranadivé founded TIBCO (The Information Bus Company). 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.
Before going public, an analyst promoted it. 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 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 and RealMed used TIBCO technology to process HIPAA claims, and Harrah's casinos used predictive software to analyze system demands. After Hurricane Katrina in 2005, Allstate Insurance used its programming to process insurance claims. Since its release in 2007, Apple's iPhone has used their 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 had chosen LaunchSquad as its corporate PR Agency of Record.
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 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 ActiveSpaces is a distributed elastic peer-to-peer transactional datastore based on the tuple space concepts. It stores, retrieves and queries data stored into Spaces and distributes changes to that data in real-time in a true 'push' manner. It can function as an alternative datastore (with ACID properties and query filtering criteria expressed as SQL-compatible strings), messaging system (or a combination of the two), processing large amounts of data in a distributed manner.
TIBCO BusinessEvents is complex event processing (CEP) software to identify meaningful 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 Data Virtualization is Data Virtualization software that orchestrates access to multiple and varied data sources and delivers the data sets and IT-curated data services foundation for nearly any analytics solution. Originally written by Composite Software.
TIBCO Enterprise Message Service is a standards-based messaging platform (fully TCK certified to both the JMS 1.1 and 2.0 standards) that simplifies and accelerates the integration and management of data distribution in high-performance, enterprise environments.
TIBCO LogLogic makes a Computer appliance that IT system administrators, compliance managers, CIOs and Chief information security officers can use to collect logs and events from network devices, servers, databases, operating systems and applications.
TIBCO MFT is managed file transfer for secure exchange of data and files using standards based protocols, across heterogeneous environments, that simplifies, provides visibility, and improves integration.
TIBCO Rendezvous a message bus for enterprise Application integration (EAI) with a messaging API in several programming languages. This solution uses broadcast/multicast notification.
TIBCO Hawk is a software product that allows monitoring and management of distributed computing applications.
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. However, the use of GPL-licensed R packages (99% of all R packages are GPL licensed) with this engine may be legally problematic, and users should be willing to use R without any GPL packages.
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.
The company acquired:
- 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 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 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).
- 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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