Tibco Software Inc.

Performance indicators

The company's revenue in 2012 exceeded $1 billion, 40% of which was obtained through the sale of software licenses, 60% - for implementation and maintenance services.

As of 2010, the company ranks 5th in the 16 billion binder software market with a 2.6% share, behind IBM, Oracle, Microsoft and Software AG.

History

2020: Purchase of Information Builders Data Integration Software Developer

On October 22, 2020, data integration software company Tibco Software announced the purchase of rival Information Builders. Read more here.

2019: Purchase of real-time data analysis software developer SnappyData

On March 7, 2019, Tibco Software announced the acquisition of real-time data analytics software developer SnappyData. Read more here.

2018: Purchase of master data management software developer Orchestra Networks

In early December 2018, Tibco Software announced the purchase of master data management software developer Orchestra Networks for several hundred million dollars. Read more here.

2011: HP fails to buy Tibco Software

In April 2011, it became known that HP's negotiations to buy Tibco Software were unsuccessful. This was reported by Reuters, citing a source close to the course of events. Negotiators refuse to comment to the press.

It's a big loss for HP as if Tibco, which makes a range of enterprise software including the BI system, were to buy, it would gain access to superbly integrated business tools and very serious customers such as Citibank Asia, airlines including Delta and Air France and energy holdings led by ChevronTexaco.

Tibco has been HP's partner in system integration and SOA for a decade. Tibco used HP's platform tools, primarily on, Unix to deploy its systems.

Software products such as the ActiveMatrix system, the BPM iProcess Suite system, Collaborative Information Manager and many others were involved in this process.

At the same time, cooperation with Tibco allows HP to withstand competition with IBM, which Tibco has always called its largest rival. And despite Tibco's small turnover (revenue of about $754 million in 2010 compared to IBM's $100 billion over the same period), the company is growing at a very fast pace.

Another competitor to Tibco is Oracle Corporation, although their interests do not overlap as harshly as with IBM.

Buying Tibco could allow HP to fight back against IBM WebSphere and InfoSphere. Tibco also has widely used processing technology that has proven itself well with trading firms. Perhaps HP simply has no alternative.

As Reuters analysts suggest, if HP continues to choose its goal in the system integration market, then Software AG and Progress Software may fall into its focus: HP is interested in their integration solutions, SOA infrastructure and BPM systems.

At the same time, Software AG outperforms Tibco with revenue of $1.4 billion in 2010, and Progress has a smaller turnover - only $156 million in 2010.

Also, buying Tibco would intensify the confrontation between HP and, SAP since the former competes with the latter in such positions software Sybase as and ( SAP BusinessObjects the latter, like Tibco Spotfire, offers in-memory data analytics and visualization).

One of the most likely reasons for the breakdown of negotiations is certainly the lack of agreement on the "price of the issue." The founder, head, and chairman of the board of directors of Tibco, Vivek Ranadiv, has certainly not developed it since 1997 to give it at a similar price.

2010: Takeover of Kabira Technologies

On April 20, 2010, Tibco announced the takeover of Kabira Technologies, a developer of transaction processing software. Kabira products deliver functionality (infrastructure) for critical business applications such as card payment processing, telecommunications services, and charging for these services. In 2009, in Russia, the company's partners said that Kabira's products could be implemented faster, with significantly higher efficiency and significantly lower costs than their counterparts. At the time, Kabira products are used by more than 100 organizations in 40 countries. Companies such as Visa, ATT Corp., France Telecom, Bank of America, Alcatel and others trust Kabir to support critical business processes that operate in real time.

2007-2009

• In 2007, Tibco absorbed the analyst and visualization solutions vendor Spotfire. In 2007, the company cooperates with more than 3 thousand customers and 200 partners around the world.

• In 2009, Tibco transferred the source code of General Interface to the non-profit Dojo Foundation. Tibco General Interface is a full-featured Internet application (RIA) platform based on Ajax, which is a key link in TIBCO's SOA product line.

1999-2004

• In 1998, the company's revenue amounted to $52 million.

• In July 1999, TIBCO shares were listed on the Nasdaq Stock Market under the symbol TIBX.

• In 2000, Tibco took over Extensibility and, based on its developments, launched its own Tibco BusinessWorks product, built on open standards (XML).

• In 2001, in collaboration with Cisco, the company launched the Tibco Enterprise Message Center solution, created on the Java Messaging Standard (JMS).

• In 2004, the company's revenue reached $445 million.

1997: Divestment of the company from Reuters

In January 1997, Randiwe persuaded shareholders to split the company into a financial markets software division, fully incorporated by Reuters, and an independent Tibco Software focused on building bundling software for the non-financial sector, headed by Randiwe. Under the terms of the agreement, Reuters received a 49% stake in Tibco Software and the latter paid royalties to Reuters for using the TIB software platform. Tibco Software also received funding from Cisco.

1996: Renamed Tibco Software

In 1996, the company was renamed TIBCO (The Information Bus Company) after the name of the leading product, The Information Bus (TIB).

1994: Reuters absorbs TSS

In 1994, TSS was acquired by Reuters for $125 million, but retained operational independence. The agency planned to integrate TIB's software solutions into its Triarch 2000 trading system.

1986-1992: TSS Founded

In 1986, Teknetron Software Systems (TSS) was created in the Teknetron incubator, which became independent in 1987. In its early years, the company concentrated on exchange trading solutions and acquired clients such as Goldman Sachs, Fidelity Investments, Salomon Brothers, implementing projects for them to integrate exchange, statistics and news data online. The company completed 1992 with revenue of $39 million and a profit of $8 million.

1985: Vivek Ranadive gets venture capital investment

In 1985, Vivek Ranadivé received venture capital funding from Teknekron to create a software company in the amount of $250,000. The main software product was called TIB (from the English. The Information Bus, information bus), its purpose is to organize the exchange of data between information systems.

Business in Russia

Company managers in Russia:

• 2007 - Derek McDonnell, Regional Director of Tibco in Russia, CIS and Baltic countries.

2015: Partnership with "Tern"

In 2015, Tern became a partner of TIBCO Software and began introducing TIBCO products in Russia and the CIS countries. The company's portfolio has been expanded not only by the TIBCO Spotfire visualization, information research and forecasting tool, but also by other business analytics and automation solutions manufactured by TIBCO Software.

2007: Opening an office in Moscow

In March 2007, an official representative office of the company was opened in Russia. Employees of the Russian office were engaged in the registration of the company and the settlement of legal issues.

On May 16, 2007, it was announced that EPAM Systems and TIBCO Software had announced a partnership agreement. EPAM Systems received the status of TIBCO's official technology partner in consulting and development.

Cooperation between the companies began long before the signing of the contract. Based on TIBCO products that take into account the specifics of work in the telecommunications and financial sectors, EPAM Systems specialists have implemented a number of successful projects for companies such as Reuters, Renaissance Capital, Golden Telecom, etc. At the same time, TIBCO BusinessWorks (an application integration solution that includes a process execution mechanism, process administration and monitoring tools, as well as a user interface for creating and using integration scripts), TIBCO Staffware iProcess (process management solution) and TIBCO Rendezvous (a solution that provides reliable and error-free real-time messaging) were used.

In addition, for several years now, a dedicated TIBCO Center has been operating on the basis of EPAM, which has extensive experience in creating and managing Competence Centers (including those for SAP and Hyperion), with hundreds of specialists. The core of the EPAM Systems Center of Competence for TIBCO Products and Technologies is employees with TIBCO diplomas.

On June 27, 2007, a presentation of the Russian office of TIBCO was held at Mariott Grand Hotel. According to Derek McDonnell, director of the Russian office, Russia is a strategic direction for the company, as the Russian market is growing at an even faster pace than the European market as a whole.

The ceremony was attended (from left to right):

• Artem Asanov, representative of Accenture, partner of TIBCO;
• Vladislav Borkus, representative of Konnasi, partner of TIBCO;
• Derek McDonnell, TIBCO Regional Director for Russia, CIS and Baltic countries;
• Wolfgang Kelz, TIBCO spokesman;
• Fabio Pulidori, TIBCO's senior vice president for the region. EMEA

The proposed scheme for building the channel is mixed, the company has few partners in Russia, less than a dozen, including: Epam Systems, IBS, Open Technologies. It was announced that the task of making the channel massive is not worth it. From the beginning to June 2007, more than forty specialists from various companies were trained.

2004: First partnership projects in Russia

In 2004, TIBCO began operations in Russia, controlled from the company's Eastern European office.

Products

The main line of the company's products is connecting software for data integration, messaging between information systems, business process management, processing complex events, and master data management.

In 2007, TIBCO Software cited such an example of the application of the company's solutions. Imagine a large bank in which a client came to obtain a loan. In order to serve this client, the bank needs:

• check its creditworthiness (marketing and corporate systems are involved),
• Confirm the customer address (marketing and partner systems, as well as the data warehouse)
• carry out a fraud check (marketing and corporate systems, as well as a risk analysis system), and finally,
• Open a loan account (marketing and enterprise systems, data warehouse, and business unit systems).

Using such a scheme in its traditional form is very ineffective. Especially for this, a number of companies (including TIBCO) offer their services for optimizing and integrating various services and systems.

From the mid-1980s to 2007, major changes took place in the business world. Intense competition forces companies to optimize their work and dramatically speed up the implementation of certain operations. Below is a table that illustrates how standards have changed in this regard over 20 years.

And the point here is not only in the banal spread of new types of communication (primarily the Internet), but also in all kinds of tricks to optimize the IT structure of companies. After all, in the end, this is exactly what everything rests on, because no matter how effective individual services and IT tools are, problems with their combination and interaction can lead to a sad result.

TIBCO's activities are based on three basic tools:

• Service-Oriented Architecture, SOA
• Business Process Management, and BPM
• Business Optimization (BO).

Each of the "whales" is responsible for different levels of information management. Simplifying as much as possible, we can say that SOA is building a new infrastructure (taking into account the requests of the customer company), BPM is a tool for monitoring and coordinating business processes, and BO is optimizing existing data flows and converting them into useful information suitable for further use or storage. The most "ingenious" and high-level of these basic tools is SOA (however, this also directly affects the cost)^[1]

Since 2007, the company has been releasing the Spotfire BI platform based on the developments of the acquired Spotfire company.

In 2011-2012, products were created for the organization of corporate social networks.

Notes