Companies

Description

TIBCO Software is an American business intelligence software company founded in 1997 in Palo Alto, California.

It has headquarters in Palo Alto, California, and offices in North America, Europe, Asia, the Middle East, Africa and South America. Its Palo Alto campus consists of four buildings on 16 acres in Palo Alto's Stanford Research Park.

History

In 1997, Vivek Ranadivé, who had previously founded and sold Teknekron Software Systems, Inc, founded TIBCO (The Information Bus Company) as a subsidiary of Reuters Holdings, which was then a new venture firm, with financial backing from Cisco Systems. 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. 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.

The company's initial public offering (IPO) of stock was made in July 1999 with a range value of $9 to $11. In its first day of trading, the company's stock doubled, from $17.38 to $32.38 per share and in early 2000, the company's value went from $22.75 to $244.88 per share, its record high at the time. After the IPO, the company raised $109.5 million and 7.3 million common shares sold for $15 each, above its range value.

In 2000, Yahoo! introduced Corporate Yahoo, a platform developed using TIBCO Software that allowed companies to develop customized communications between computers. 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.

Post-IPO

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.] During the first and second quarters of 2001, the firm's market capitalization approached $2 billion.

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.

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. The same year, Lufthansa also used their software and Deutsche Bahn used it to construct digitally integrated train stations.

In 2004, Wellpoint (now Anthem) and RealMed used TIBCO technology to process HIPAA claims, and Harrah's casinos used predictive software to analyze system demands. Allstate used its programming to process insurance claims. Since its release in 2007, Apple Inc.'s iPhone has used TIBCO software to process user requests and facilitate sales. Xcel Energy launched its SmartGridCity program in 2009, which provided assistance to companies seeking to reduce carbon emissions, while using TIBCO software.

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. In March 2013, TIBCO announced that it had chosen LaunchSquad as its corporate PR Agency of Record.

In September 2014, TIBCO revealed it was being bought out by private equity firm Vista Equity Partners for $4.3 billion.

On December 5, 2014, the acquisition of TIBCO by Vista Equity Partners was completed. Murray Rode was made the CEO of TIBCO.

In 2019, TIBCO announced Dan Streetman as CEO and Murray Rode as Vice Chairman.

In October 2020, TIBCO announced the acquisition of Information Builders, Inc. (IBI), a leading data and analytics company based in New York City.

Rating GlobalNY.biz

Take place
general
№2382
general
Take place
area
№170
area

Mentions in the news

View all

NEW YORK COMPANIES


New York business portal GlobalNY.biz includes a huge directory of organizations operating in New York. Here you can easily find all the necessary information about the company. The organization card contains a full info page with a detailed description of the company's activities, logo, contact details and a link to the organization's official website. The reader can also immediately familiarize himself with the staff of the company, see the latest press releases and news block, and also see what line of the rating the company occupies. The rating of a member of the GlobalNY.biz business portal is calculated based on the number of mentions in the New York news and posted press releases containing information about the organization's activities and its achievements. You can also rise in the rating by publishing vacancies, as well as the number of registered persons. At the same time, company representatives can independently see how many times the company's card has been viewed on GlobalNY.biz, as well as promptly correct the information.
We pay special attention to the multifunctionality of the "Companies" section. For your convenience, there is a search box, as well as an industry heading.
New York Business Portal is always up-to-date database of New York enterprises!
Alena Potapova

Development Director
Population
8176679413
Died this year
58115787
Born this year
142975122