inc. type private industry software founded 1997 ; 19 years ago 1997 headquarters palo alto california united states key people murray rode ceo vivek ranadiv 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 contents 1 history 1.1 beginnings 1.2 initial public offering 1.3 post ipo 2 products 3 acquisitions 4 awards 5 see also 6 references 7 external links history edit beginnings edit in 1985 teknekron corporation a technology incubator provided 250000 in seed capital to vivek ranadiv . 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 ranadiv 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 edit in 1997 ranadiv 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 edit 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 edit 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 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 edit the company acquired in 1997 it acquired incommon a push software company . 59 in 1999 it acquired inconcert a telecommunication workflow company . 60 in 2000 it acquired extensibility an xml technology company . 61 in 2002 it acquired talarian which developed smartsockets . 62 in 2004 the company acquired staffware for automating integrating and dynamically managing business processes . in 2005 it acquired objectstar a mainframe integrator . 63 in 2007 the company acquired spotfire which marketed analytics for business intelligence . 64 in 2008 it purchased insightful corporation including the s plus data analysis programming language . 65 in 2009 it entered the grid computing and cloud computing markets with its acquisition of datasynapse . 66 on march 25 2010 the company acquired netrics a privately held provider of enterprise data matching software products . on april 20 2010 it acquired kabira technologies inc. a privately held provider of in memory transaction processing software . 67 on september 16 2010 the company acquired proginet file transfer . 68 on september 23 2010 it acquired openspirit a provider of data and application integration for exploration and production of oil and gas . on december 8 2010 the company acquired loyalty lab inc. a privately held independent provider of loyalty management software . 69 on august 30 2011 it acquired nimbus a uk headquartered provider of business process discovery and analysis applications . 70 on april 12 2012 the company acquired loglogic a big data management company . 71 on march 25 2013 it acquired maporama solutions a privately held provider of location intelligence and geospatial analytics solutions . 72 on june 11 2013 it acquired streambase systems an event processing and analytics software provider . 73 on september 18 2013 it acquired extended results a privately held provider of mobile business intelligence software . 74 on april 28 2014 it acquired jaspersoft a commercial open source software vendor focused on business intelligence . 75 on august 25 2015 it announced the acquisition of san francisco based mashery an api management solution from intel . 76 awards edit named among this year s intelligent dozen by techweb s intelligent enterprise 77 winner of the stevie business award for women in business 78 finalist business innovation category at 2010 american business awards 79 named company to watch techweb s intelligent enterprise 2010 editors choice awards . 80 spotfire named best ranked solution by yphise . 81 editor s choice for cmp s intelligent enterprise . 82 multiple award winner sys con media s 2007 soaworld readers choice awards . 83 top vendor across bpm soa and web 2.0 technology categories . 83 ceo vivek ranadiv won the 2005 wharton infosys business transformation technology change agent award . 84 named in chronicle 500 list of the bay area s top publicly traded companies . 85 see also edit companies portal computing portal list of california companies tibco