TIBCO Software acquires Jaspersoft and launches the latest version of their analytics platform, Spotfire® 6.5

Palo Alto, California, USA,  April 28, 2014 – TIBCO Software Inc. has announced its acquisition of Jaspersoft Corporation, a privately held provider of embedded business intelligence (BI) and reporting software.

Jaspersoft’s commercial open source business model and embedded business intelligence suite allows application developers to embed highly interactive reports, dashboards and analytics into their applications. These tools give customers the ability to gain insight from multiple data sources and ultimately make better decisions. The total consideration paid was approximately US$185 million. The acquisition is expected to be neutral to TIBCO’s non-GAAP earnings per share for its 2014 fiscal year.

Consumption of business intelligence and analytics tools has increased dramatically in recent years, driven by demand from the business-led sectors of data discovery and application-centric embedded analytics. Jaspersoft is a market leader in the embedded analytics market for enterprise and Software-as-a-Service (SaaS) applications. TIBCO Spotfire® is a market leader in the data discovery, interactive analytics and advanced segments of the analytics market. The acquisition accelerates TIBCO’s expansion into embedded business intelligence and reporting, giving TIBCO the broad portfolio needed to address the two fastest growing segments of the business intelligence market.

Jaspersoft also complements the TIBCO Spotfire go-to-market approach through the use of a commercial open source business model. The current Jaspersoft management team and employees will join TIBCO and continue to pursue the Jaspersoft commercial open source strategy, product road map and low cost, subscription-pricing approach.

 

“TIBCO’s broader business strategy is to continue to expand our go-to-market model with a wider range of pricing, packaging and deployment options. The acquisition of Jaspersoft accelerates this strategy as it brings a subscription pricing approach for its commercial products along with a set of open source offerings,” said Murray Rode, Chief operating Officer, TIBCO (pictured). “We believe that the combination of our companies’ offerings will allow us to cover the whole of the market opportunity for analytics while providing tremendous value to the combined set of customers and prospects.”

 

“We live in an era of multiple IT consumption models, from cloud to on-premise to hybrid applications. The Jaspersoft utility cloud service is a perfect complement to our existing SaaS BI Service, TIBCO Spotfire® Cloud. This acquisition continues our focus on delivering the most comprehensive set of analytical solutions for where, when and how the user wants insight,” said Matt Quinn, Chief Technology Ffficer, TIBCO.

 

Jaspersoft’s open source business intelligence software has nearly 16 million product downloads worldwide, more than 140,000 production deployments of its software and 2,000 commercial customers in 100 countries. A development community of more than 400,000 registered members regularly participates in Jaspersoft’s open source BI projects.

 

“We are excited about this opportunity to join forces with a market leader in TIBCO,” said Brian Gentile, Chief Executive Officer, Jaspersoft. “TIBCO has a vision of providing the right information, at the right time, in the right context to deliver a competitive advantage for customers. The continuation of Jaspersoft’s open source mission, business model, technology, market presence, and brand – now as part of TIBCO – will allow us to deliver an even better business analytics toolset for the largest customer audience. We look forward to this next step in our journey.”

 

Jaspersoft logo

 

 

In addition, TIBCO has also announced the availability of TIBCO Spotfire® 6.5, the latest version of TIBCO’s leading analytics platform. Spotfire® 6.5 brings to market a user-friendly approach, empowering organisations to easily connect to diverse data sources, including new spatial data sources, and create rich visualisations, enabling analytics from the simplest to the most complex levels – all in one product. Also included in this release of Spotfire 6.5 is the updated single-seat Spotfire desktop product, which provides the full power and ease of use of the Spotfire platform for individual users.

 

“Spotfire 6.5 now provides organisations the tools to build their own unique applications that can connect to complex data sources seamlessly,” said Lars Bauerle, Vice President, Product Management, TIBCO. “Spotfire 6.5 allows customers to quickly build applications that use the power of data sources without exposing the complexity to end users, generating new levels of insights and discovery.”

 

 

tibco-logo-retina

RECENT ARTICLES

How will OEMs manufacture the smart factories of the future?

Posted on: September 23, 2022

“By 2025, there will be approximately 27 billion connected IoT devices. Someone is going to have to manufacture these, and OEMs are gearing up to enable as many functions as possible to be integrated into the devices they build.”REGISTER NOW TO READIoT relies on manufacturing efficiency to get massive volumes of devices out into the

Read more

IoT meets the property sector to combat rising energy costs and climate change while increasing property value

Posted on: September 23, 2022

Ericsson released a Connected Buildings Energy Management report in partnership with Nordic property technology company Kiona and Arthur D. Little.

Read more
FEATURED IoT STORIES

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, home automation using iot is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more

5 challenges still facing the Internet of Things

Posted on: June 3, 2020

The Internet of Things (IoT) has quickly become a huge part of how people live, communicate and do business. All around the world, web-enabled devices are turning our world into a more switched-on place to live.

Read more

What is IoT?

Posted on: July 7, 2019

What is IoT Data as a new oil IoT connectivity What is IoT video So what’s IoT? The phrase ‘Internet of Things’ (IoT) is officially everywhere. It constantly shows up in my Google news feed, the weekend tech supplements are waxing lyrical about it and the volume of marketing emails I receive advertising ‘smart, connected

Read more
IoT Newsletter

Join the IoT Now online community for FREE, to receive: Exclusive offers for entry to all the IoT events that matter, round the world

Free access to a huge selection of the latest IoT analyst reports and industry whitepapers

The latest IoT news, as it breaks, to your inbox