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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[page needed] 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.
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 to better meet the needs of their customers.
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.
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.
The company's infrastructure software focuses on real-time communication for business-to-business, business-to-consumer and business-to-employee data transfers, including facilitation of communication between otherwise incompatible software. The company provides middleware, which allows for access to real-time data between multiple systems while predicting users' needs. The software appears in Amazon.com's personalized product recommendations, and FedEx's package tracking system. Clients also use the software's feedback to deliver special offers to customers based on their browsing habits.
TIBCO ActiveSpaces is an expandable, in-memory system-of-record datastore. It stores, retrieves, and queries data stored in tables and distributes changes to that data in real-time. It can function as an alternative to a database datastore (with ACID properties and query filtering criteria expressed as SQL-compatible strings), and can processing large amounts of distributed data.
TIBCO BusinessEvents is complex event processing (CEP) software used to identify patterns across a business by correlating large volumes of data with external events and applying rules to identify situations that require a response.
TIBCO LogLogic collects 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 and synchronizing the information with IT transactional systems.
TIBCO Messaging provides components to support messaging / communications. From high-performance (millions of messages a second) to low latency (sub-microsecond delivery) to fully transactional enterprise-class distribution, streaming data and open source support.
Components of TIBCO Messaging
TIBCO Enterprise Message Service is a standards-based messaging platform built around supporting the JMS 1.1 and 2.0 standards. TIBCO Enterprise Message Service is TCK certified for both JMS 1.1 and 2.0.
TIBCO eFTL is the edge node communications system to provide websocket, nodejs, and mobile communication support for the components in the TIBCO Messaging Suite.
TIBCO FTL is the backbone for high-performance, low-latency communication and is used to provide content-based delivery of data for real-time applications. TIBCO FTL is at the core of TIBCO's integration communication.
TIBCO Apache Kafka Distribution is an open source streaming platform providing a distributed approach to data distribution and streaming.
TIBCO Eclipse Mosquitto Distribution is an open source IoT communications platform supporting MQTT for data distribution.
TIBCO tibbr, announced in January 2011, is a social media system for the workplace. It manages input and output feeds to outside programs and integrates with other social media platforms. Sixty companies, encompassing 50,000 users, have signed up. tibbr 3.0, launched in June 2011, added HD video conferencing, and distinguishes between public and private information sharing.
Other products include TIBCO GridServer, TIBCO Flogo, TIBCO Spotfire, TIBCO StreamBase.
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.
TIBCO Clarity is a tool that can quickly analyze and cleanse raw data.
TIBCO Rendezvous a message bus for enterprise Application integration (EAI) with a messaging API in several programming languages.
TIBCO Hawk is a software product that allows monitoring and management of distributed computing applications.
The company has made the following acquisitions:
In 1997, it acquired inCommon, a push software company.
In 1999, it acquired InConcert, a telecommunication workflow company.
In 2000, it acquired Extensibility, an XML technology company.
In 2002, it acquired Talarian, which developed SmartSockets.
In 2004, the company acquired Staffware for automating, integrating and dynamically managing business processes.