TIBCO Software Inc. is an American company that provides software for companies to use on-premises or as part of cloud computing environments. The company manages information, decisions, processes and applications in real-time for over 4,000 customers with a market capitalization of $5.1 billion.
It has headquarters in Palo Alto, California, and offices in North America, Europe, Asia, the Middle East, Africa and South America.
In 1985, Teknekron Corporation, a technology incubator, provided $250,000 in seed capital to Vivek Ranadivé. In 1986 Teknekron Software Systems was founded, and in 1987, spun off into an independent company. The company's principal innovation was a software product known as The Information Bus (abbreviated as TIB), which transfers vital data between software programs.
In 1986, Teknekron had a consulting project with Goldman Sachs to develop computer driven stock trading. 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. Teknekron's software bus programming allowed data to be shared between computers using different languages and different applications. Wall Street trading firms used the software for trading systems, and eventually, large-scale manufacturers employed the technology as well. Ranadivé 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."
In 1997, Ranadivé founded TIBCO (The Information Bus Company). 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.
Before going public, an analyst promoted it. 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.
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, 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 and RealMed used TIBCO technology to process HIPAA claims, and Harrah's casinos used predictive software to analyze system demands. After Hurricane Katrina in 2005, Allstate Insurance used its programming to process insurance claims. Since its release in 2007, Apple's iPhone has used their 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 had chosen LaunchSquad as its corporate PR Agency of Record.
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 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 ActiveSpaces Datagrid 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 FTL is a low-latency messaging technology for electronic trading, using high performance algorithms on massively multi-core machines.
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.
TIBCO Rendezvous a message bus for enterprise Application integration (EAI) with a messaging API in several programming languages. This solution uses broadcast notification.
TIBCO Silver is an infrastructure platform for cloud applications in enterprise IT environments. It includes BPM, composite application development and analytics products.
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, or 50,000 users, have signed up. tibbr 3.0, lanched in June 2011, added HD video conferencing, and distinguishes between public and private information sharing.
TIBCO TopLink A highly secure version of tibbr, is a private social network for world leaders. introduced at the World Economic Forum in 2012. Its goal is to "unlock the collective wisdom of the world's best and brightest".
The company acquired:
In 2002, it acquired Talarian, which developed SmartSockets.
In 2004, the company acquired Staffware for automating, integrating and dynamically managing business processes.