News
TIBCO Software Acquires Jaspersoft
April 2014 by Marc Jacob
TIBCO Software Inc. 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.
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.
