TIBCO Software

TIBCO(The Information Bus Company) Software Inc.
Private
Industry Software
Founded 1997 (1997)
Headquarters Palo Alto, California, United States
Key people

Murray Rode (CEO)

Vivek Ranadivé
(Founder & Board Member)
Products Business software
Revenue US ~1 Billion (FY 2012)
Owners Vista Equity Partners
Number of employees
 4,200 (Q4 2015)
Website www.tibco.com

TIBCO (The Information Bus Company) Software Inc. is an American company that provides integration, analytics and events 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 10000 customers.[1]

It has headquarters in Palo Alto, California, and offices in North America, Europe, Asia, the Middle East, Africa and South America.[2]

Clients include AirFrance/KLM, Conway, ING, Marks and Spencer, Nielsen, Shell, University of Chicago Medicine, Western Union [3]

History

Beginnings

In 1985, Teknekron Corporation, a technology incubator, provided $250000 in seed capital to Vivek Ranadivé.[4] In 1986 Teknekron Software Systems was founded, and in 1987, spun off into an independent company.[5] 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.[4]

In the year 1986, Teknekron had a consulting project with Goldman Sachs to develop computer driven stock trading.[6][7] 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.[8] Teknekron's software bus programming allowed data to be shared between computers using different languages and different applications.[9] Wall Street trading firms used the software for trading systems, and eventually, large-scale manufacturers employed the technology as well.[10] 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."[11]

In December 1993, Reuters Holdings PLC bought Teknekron for $125.1 million in cash.[5]

Initial public offering

In 1997, Ranadivé founded TIBCO (The Information Bus Company).[12][13] 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.[4] 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.[14]

Before going public, an analyst promoted it.[15] The company's initial public offering (IPO) of stock was made in July 1999 with a range value of $9 to $11.[16] In its first day of trading, the company's stock doubled, from $17.38 to $32.38 per share[17][18] and in early 2000, the company's value went from $22.75 to $244.88 per share, its record high at the time.[19] After the IPO, the company raised $109.5 million and 7.3 million common shares sold for $15 each, above its range value.[20]

In 2000, Yahoo! introduced Corporate Yahoo, a platform developed using TIBCO Software that allowed companies to develop customized communications between computers.[11] 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.[21]

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.[22] During the first and second quarters of 2001, the firm's market capitalization approached $2 billion.[23][24]

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.[25]

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.[26][27] The same year, Lufthansa also used their software and Deutsche Bahn used it to construct digitally integrated train stations.[28][29]

In 2004, Wellpoint and RealMed used TIBCO technology to process HIPAA claims,[30] and Harrah's casinos used predictive software to analyze system demands.[31] After Hurricane Katrina in 2005, Allstate Insurance used its programming to process insurance claims.[32] Since its release in 2007, Apple's iPhone has used their software to process user requests and facilitate sales.[33] Xcel Energy launched its SmartGridCity program in 2009, which provided assistance to companies seeking to reduce carbon emissions, while using TIBCO software.[34]

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.[35][36][37][38] In March 2013, TIBCO announced that had chosen LaunchSquad as its corporate PR Agency of Record.[39]

In September 2014, TIBCO revealed it was being bought out by private equity firm Vista Equity Partners for $4.3 billion.[40]

On December 5, 2014, the acquisition of TIBCO by Vista Equity Partners was completed.[41] Murray Rode was made the CEO of TIBCO.

Products

The company's infrastructure software focuses on real-time communication for business-to-business, business-to-consumer and business-to-employee data transfers,[1][42] including facilitation of communication between otherwise 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 the software's feedback to deliver special offers to customers based on their browsing habits.[23]

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.[45]

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 Enterprise Message Service is a standards-based messaging platform (fully TCK certified to both the JMS 1.1 and 2.0 standards) [46] that simplifies and accelerates the integration and management of data distribution in high-performance, enterprise environments.

TIBCO FTL is a low-latency messaging technology for electronic trading, using high performance algorithms on massively multi-core machines.[47]

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 MDM is master data management for aligning enterprise data across multiple business units, departments and partners, synchronizing the information with downstream IT transactional systems.[48]

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 Spotfire is an analytics and business intelligence platform for analysis of data by predictive and complex statistics.[49][50] During the 2010 World Cup, FIFA used this software to give viewers analytics on country teams' past performances.[51] 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.[52]

TIBCO tibbr, announced in January 2011, is a social media system for the workplace.[53] It manages input and output feeds to outside programs and integrates with other social media platforms.[53] Sixty companies, or 50,000 users, have signed up.[54][55] tibbr 3.0, launched in June 2011, added HD video conferencing, and distinguishes between public and private information sharing.[56][57][58]

Acquisitions

The company acquired:

Awards

See also

References

  1. 1 2 "TIBCO Software Inc". Bloomberg. March 20, 2012.
  2. ↑ Moore, Connie (February 2006). "The Forrester Wave: Human-Centric Business Process Management Suites, Q1 2006". Forrester Research.
  3. ↑ "Customer Case Studies". TIBCO. Retrieved 2015-12-15.
  4. 1 2 3 Roush, Wade (October 28, 2010). "The Second Advantage: Talking with TIBCO's Vivek Ranadivé". Xconomy. Retrieved in July 19, 2013.
  5. 1 2 Fisher, Lawrence M. (December 18, 1993). "Company News; Reuters Is Buying Teknekron". The New York Times. Retrieved July 19, 2013.
  6. ↑ "MDM Solutions". xperteks.
  7. ↑ "Goldman to Roll Out Teknekron's 'Middleware' Transaction Platform". Risk.net. March 25, 1996.
  8. ↑ Corcoran, Elizabeth (June 16, 2009)."The Big Deal: Tibco". Forbes. Retrieved July 19, 2013.
  9. ↑ Database (undated). Information Bus. Trademarkia.com. Retrieved July 19, 2013.
  10. ↑ Staff (undated). "TIBCO Releases B2B Portal Platform". Electronic AI Journal. Retrieved July 19, 2013.
  11. 1 2 Levermore-Rich, Adam (June 27, 2001). "Tapping into the Need for Speed – TIBCO's Software Quietly Powers the Internet". Palo Alto Weekly. Retrieved July 19, 2013.
  12. ↑ . TIBCO Software Inc http://www.tibco.com/blog/2013/01/25/a-look-back-vivek-ranadive-and-tibco/. Retrieved 29 May 2014. Missing or empty |title= (help)
  13. ↑ 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. Retrieved July 19, 2013.
  14. ↑ Swartz, Jon (May 22, 1997). "Big Boys Pushing into Technology – Microsoft, Netscape Enter the Fray". San Francisco Chronicle. Retrieved July 19, 2013.
  15. ↑ Friedman, Josh (July 5, 1999). "Sizzling IPOs Bring State Firms Record $4.6 Billion in First Half". Los Angeles Times. Retrieved July 19, 2013.
  16. ↑ "At Issue: IPOs This Week". USA Today. July 1999.
  17. ↑ Staff (July 15, 1999). "NASDAQ Rallies to a Record, But Broad Market Is Mixed". Los Angeles Times. Retrieved July 19, 2013.
  18. ↑ "Finance: Movers". The Guardian. July 17, 1999.
  19. ↑ Staff (February 17, 2000). "Dow Gives Back 156, but Smaller Tech Stocks Jump". Los Angeles Times. Retrieved July 19, 2013.
  20. ↑ Staff (July 15, 1999). "Tibco Raises $109 Million". The New York Times. Retrieved July 19, 2013.
  21. ↑ "Daily Briefing: Home Edition". The Atlanta Constitution. June 27, 2000.
  22. ↑ Krantz, Matt (January 3, 2002). "Internet 50 Survivors Rise from Dot-Com Debris". USA Today. Retrieved July 20, 2013.
  23. 1 2 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.
  24. ↑ Malik, Om (January 12, 2002). "Vivek Randive, Tibco CEO Is Living in Real Time". GigaOM. Retrieved July 20, 2013.
  25. ↑ Press release (April 15, 2002). "Verity Announces Expanded Alliance with TIBCO Software". Verity and TIBCO Software (via Autonomy). Retrieved July 18, 2013.
  26. ↑ (subscription required) . Staff (April 1, 2010). "Service Delivery Platforms: Market Research Report" (PDF). Market Publishers. Retrieved July 20, 2013.
  27. ↑ 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. Retrieved July 20, 2013.
  28. ↑ (registration required) "Lufthansa Cargo Selects Tibco". Trade Finance. December 1, 2003.
  29. ↑ "In Other News". Supply & Demand Chain Executive. April 9, 2003.
  30. ↑ Sullivan, Tom (April 22, 2010). "RealMed Aligns with Tibco for HIPAA 5010, ICD-10 Deadlines". ICD 10 Watch. Retrieved July 20, 2013.
  31. ↑ Watson, Brian P. (July 13, 2006). "Tibco Software: Message Moguls". Baseline. Retrieved July 20, 2013..
  32. ↑ Babcock, Charles (May 2, 2008). "Allstate Flattens Silos In Claims Processing, Tech VP Abbattista Says". InformationWeek. Retrieved July 20, 2013.
  33. ↑ Leatherman, Zach (March 3, 2008). "Specific Inheritance With TIBCO's General Interface". zachleat.com. Retrieved July 20, 2013.
  34. ↑ Howlett, Dennis (May 12, 2010). "TIBCO TUCON – Complexity Is Cool". Irregular Enterprises (blog of ZDNet). Retrieved July 20, 2013.
  35. ↑ Press release (December 21, 2011). "TIBCO Software Grows Total Revenue by 20% Over Q4 2010 – Full Year Non-GAAP EPS of $1.01 Increases by 33% over 2010" (PDF). TIBCO Software. Retrieved July 20, 2013.
  36. ↑ Ciaccia, Chris (December 21, 2011). "Tibco Tops Wall Street Profit View by Nearly 20%". TheStreet.com. Retrieved July 20, 2013.
  37. ↑ Abramson, Ronna (March 18, 2004). "Tibco CEO Sets Big Goals". TheStreet.com. Retrieved July 20, 2013.
  38. ↑ McCracken, Jeffrey (January 25, 2012). "Tibco to Hire Rapidly as Economy Improves, CEO Ranadive Says". Bloomberg News. Retrieved July 20, 2013.
  39. ↑ "TIBCO assigns LaunchSquad corporate PR duties". Retrieved 12 August 2013.
  40. ↑ Vista Equity to buy TIBCO Software for $4.3 billion. Reuters, 29 September 2014
  41. ↑ "Vista Equity Partners Completes Acquisition of TIBCO Software". Tibco.com. Retrieved 2015-12-15.
  42. ↑ Narasimhan, Balaji (October 17, 2011). "Thinking Outside the Box". The Hindu Business Line. Retrieved July 23, 2013.
  43. ↑ Hamm, Steve (August 26, 2001). "The Tech Challenge". BusinessWeek. Retrieved July 23, 2013.
  44. 1 2 Cramer, Jim (October 27, 2001). "Executive Decision" (video; requires Adobe Flash). Mad Money.
  45. ↑ Vizard, Mike (November 1, 2008). "Tibco Takes BPM to a Higher Level". CTOEdge.
  46. ↑ TIBCO Enterprise Message Service 8.0 Helps Businesses Scale and Streamline IT Systems. Bloomberg. July 30, 2013.
  47. ↑ Henschen, Doug. Tibco FTL Speeds Capital Market Messaging. InformationWeek. March 28, 2011.
  48. ↑ Kandru, Venkat (October 30, 2008). "TIBCO Collaborative Information Manager". Information Management. Retrieved July 23, 2013.
  49. ↑ Staff (July 15, 2010). "Tibco Puts Free BI into the Cloud". Computer Weekly. Retrieved July 23, 2013.
  50. ↑ Henschen, Doug (March 10, 2010). "Tibco Brings Analytics to Spotfire 3.1". InformationWeek. Retrieved July 23, 2013.
  51. ↑ Stupakevich, Brett (January 3, 2011). "Top Ten Posts From Trends and Outliers in 2010" Tibco Software (via SmartDataCollective). Retrieved July 23, 2013.
  52. ↑ Jackson, Joab (May 16, 2013). TIBCO offers free R to the enterprise. PC World. Retrieved July 20, 2015.
  53. 1 2 Howlett, Dennis (January 24, 2011). "TIBCO Launches Tibbr: Enough to Make Enterprise 2.0 Viable?". Irregular Enterprise (blog of ZDNet). Retrieved July 23, 2013.
  54. ↑ Barlas, Pete (February 29, 2012). "Salesforce, Cisco Vie to Be Facebook for Business". Investors.com.
  55. ↑ About. tibbr.com
  56. ↑ Merino, Faith. TIBCO releases tibbr 3.0. Vator News. June 28, 2011.
  57. ↑ TIBCO's tibbr May Be the Enterprise 2.0 Solution You've Been Waiting For, Klint Finley et al, Jan 24, 2011
  58. ↑ TIBCO launches tibbr: enough to make Enterprise 2.0 viable?, Dennis Howlett, Jan 24, 2011
  59. ↑
  60. ↑
  61. ↑
  62. ↑ Taft, Darryl (January 7, 2002). "Tibco to Acquire Talarian".
  63. ↑ Archived March 20, 2012, at the Wayback Machine.
  64. ↑ Gardner, W. David (May 1, 2007). "Tibco Acquires Spotfire for $195 Million". InformationWeek.
  65. ↑ Tibco Software Inc. press release
  66. ↑ With DataSynapse, TIBCO looks to both present and future, James Staten, August 26, 2009
  67. ↑ "TIBCO Software SEC Filing 10Q".
  68. ↑ Tibco Software buys Proginet for $19.6 million, Bloomberg BusinessWeek, June 22, 2010
  69. ↑ TIBCO Software Acquires Loyalty Lab
  70. ↑ TIBCO Software Acquires Nimbus Partners
  71. ↑ "TIBCO Closes Acquisition of LogLogic". TIBCO Software.
  72. ↑ "TIBCO Software Acquires Maporama Solutions". TIBCO Software.
  73. ↑ . Yahoo! Finance.
  74. ↑ "TIBCO Software Acquires Extended Results". TIBCO Software.
  75. ↑ Consolidation looms in business intelligence, as TIBCO buys Jaspersoft for $185M. Gigaom.
  76. ↑ TIBCO Software to Acquire API Management Leader Mashery
  77. ↑ TIBCO Software Inc. Chosen by Independent Panel as One of "The Dozen" Most Influential Companies for Intelligent Enterprises for 2009.boston.com. May 14, 2009.
  78. ↑ The Stevie Awards. Stevie Awards 2010.
  79. ↑ tibbr "Finalist in 2010 American Business Awards". Business-Software.com. June 11, 2010.
  80. ↑ "TIBCO Named Business Intelligence 'Company to Watch' in TechWeb's Intelligent Enterprise 2010 Editors' Choice Awards". Reuters. February 22, 2010.
  81. ↑ "TIBCO Spotfire Awarded by Yphise as the Best-Ranked Solution for Operational Analytics". Bloomberg News. September 23, 2009.
  82. ↑ "CMP's Intelligent Enterprise Selects TIBCO for Editors' Choice Award". Reuters. January 11, 2008.
  83. 1 2 "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 (May 1, 2000). "The Chronicle 500 Company Profiles". San Francisco Chronicle.
This article is issued from Wikipedia - version of the 11/14/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.