Owners
Orchestra Networks — the software developer founded in 2000 for master data management. Software offered by the company helps business to manage their numerous and often the fragmented information volumes.
Flagship product of Orchestra Networks is EBX — the platform for master data management. It provides an information access of the different systems from one general panel. Such approach allows to guarantee timely data-refresh, elimination of inexact information and the centralized access control according to politicians of the organization, reported on the website of the producer.
History
2018: Tibco Software purchased Orchestra Networks
At the beginning of December, 2018 the producer of the corporate software Tibco Software announced Orchestra Networks purchase. The companies did not begin to disclose the cost of the transaction. Reuters with reference to the informed sources reports that it is about the nine-digit amount.
According to the message information the agencies, Tibco Software could pay hundreds of millions dollars because of the big customer base which is located by Orchestra Networks. Citigroup, Paramount Pictures and Burger King use the EBX platform.
Purchase of Orchestra Networks strengthens Tibco Software product portfolio for data management and tools for software development as EBX not only centralizes access to records, but also offers development functions which the companies can include in the internal applications.
Now the organizations can quickly create completely configured, focused on these applications, such as the self-serviced applications for data management in tables of divisions which simplify change management and eliminate long and expensive projects of development, said in the statement of Tibco Software.[1] |