TIBCO Software Inc. announced that it has signed a definitive agreement to acquire Spotfire Inc., a rapidly growing, privately held software company headquartered in Somerville, Mass. and a leader in next-generation business intelligence (BI) software, in an all-cash transaction valued at approximately $195 million.
The announcement is the latest example of TIBCO's ongoing commitment to providing a complete, real-time and event-driven infrastructure that organizations need to compete in the 21st century. While a myriad of data management technologies, applications and interface standards are making information increasingly available today, the technically diverse environment where the data resides too often remains unresponsive and disconnected from business users across the enterprise. Most large IT vendors are overly invested in the status quo and only offer traditional BI architectures of dashboards, proprietary application stacks, and transactional process management. Uniting Spotfire's next generation BI capabilities with TIBCO's solutions for service oriented architecture (SOA), business process management (BPM), and business optimization will transform the way business users interact with data.
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