TIBCO Software Acquires Jaspersoft

PALO ALTO, CA--(Marketwired - Apr 28, 2014) - 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® 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."