TIBCO Software


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.

History

In 1997, Vivek Ranadivé, who had previously founded and sold Teknekron Software Systems, Inc, founded TIBCO, 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 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.

Post-IPO

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. 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 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 of TIBCO.
In 2019, TIBCO announced Dan Streetman as CEO and Murray Rode as Vice Chairman.

Products

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, as well as a processing arena for large amounts of data in a distributed manner.
TIBCO BusinessEvents is complex event processing 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 Data Virtualization is data virtualization software that orchestrates access to multiple data sources. Originally written by Composite Software.
TIBCO LogLogic collects logs and events from network devices, servers, databases, operating systems and applications.
TIBCO MDM is master data management for aligning enterprise data across multiple business units, departments and partners, synchronizing the information with downstream IT transactional systems.
TIBCO Messaging
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.

Historical products

TIBCO ActiveMatrix is a technology-neutral platform for composite business process management and service-oriented architecture 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 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: