TIBCO Software Acquires Jaspersoft

TIBCO Software Acquires Jaspersoft 
TIBCO Continues to Build Out the Most Comprehensive Analytics
Portfolio in the Market 
PALO ALTO, CA -- (Marketwired) -- 04/28/14 --  TIBCO Software Inc.
(NASDAQ: TIBX) today announced it has acquired 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 $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(R) 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 roadmap 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. "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(R) 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 officer, 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." 
About Jaspersoft 
Jaspersoft empowers people every day to make better decisions faster
by bringing them timely, actionable data inside their apps and
business processes. Its embeddable, cost-effective reporting and
analytics platform allows anyone to quickly self-serve to get the
answers they need, while scaling architecturally and economically to
reach everyone. Thanks to a community that is hundreds-of-thousands
strong, Jaspersoft's commercial and open source software has been
downloaded millions of times and is used to create the Intelligence
Inside apps and business processes. For more information, visit
http://www.jaspersoft.com and http://community.jaspersoft.com. 
About TIBCO 
TIBCO Software Inc. (NASDAQ: TIBX) is a global leader in
infrastructure and business intelligence software. Whether it's
optimizing inventory, cross-selling products, or averting crisis
before it happens, TIBCO uniquely delivers the Two-Second
Advantage(R) -- the ability to capture the right information at the
right time and act on it preemptively for a competitive advantage.
With a broad mix of innovative products and services, TIBCO is the
strategic technology partner trusted by businesses around the world.
Learn more about TIBCO at www.tibco.com. 
Cautionary Statement Regarding Forward-Looking Statements 
This release contains forward-looking statements within the meaning
of the "safe harbor" provisions of the federal securities laws. All
statements other than statements of historical fact could be deemed
forward-looking. Because these forward-looking statements involve
risks and uncertainties, important factors could cause actual results
to differ materially. These factors include, but are not limited to:
TIBCO's ability to successfully integrate Jaspersoft, TIBCO's
expectation that the acquisition will be neutral to its non-GAAP
earnings per share for its 2014 fiscal year, the ability of the
acquisition to accelerate 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, the acquisition complementing the TIBCO Spotfire
go-to-market approach through the use of a commercial open source
business model, the continued pursuit of the Jaspersoft commercial
open source strategy, product roadmap and low cost
subscription-pricing approach, the continuation of TIBCO's broader
business strategy to expand its go-to-market model with a wider range
of pricing, packaging and deployment options, the acquisition's
acceleration of this strategy by bringing a subscription pricing
approach for TIBCO's commercial products along with a set of open
source offerings, the ability of the combination of the two
companies' offerings to allow TIBCO to cover the whole of the market
opportunity for analytics while providing tremendous value to the
combined set of customers and prospects, and whether the continuation
of Jaspersoft's open source mission, business mode, technology,
market presence and brand, as a part of TIBCO, will allow Jaspersoft
to deliver an even better business analytics toolset for the largest
customer audience. Additional information regarding potential risks
is provided in TIBCO's filings with the SEC, including its most
recent Annual Report on Form 10-K for the year ended November 30,
2013. TIBCO assumes no obligation to update the forward-looking
statements included in this release. 
TIBCO, TIBCO Software, Spotfire and Two-Second Advantage are
trademarks or registered trademarks of TIBCO Software Inc. or its
subsidiaries in the United States and/or other countries. Other
product and company names and marks mentioned in this document are
the property of their respective owners and are mentioned for
identification purposes only.  
Media Contact: 
Leslie Moore
TIBCO Software Inc.
(650) 846-5025
lmoore@tibco.com 
 
 
Press spacebar to pause and continue. Press esc to stop.