TIBCO Software Inc. recently ran its TIBCO NOW conference on a sustainable innovation theme.
Now the global data and analytics leader is making good on its promises by entering into an agreement to acquire Information Builders Inc. (ibi).
ibi helps companies to manage complex and disconnected data to drive data quality, streamline preparation, and enable integration. Their solutions will now enrich TIBCO’s Connected Intelligence platform and help customers meet end-to-end needs while supporting sustainable innovation.
Specifically, ibi's solutions will support TIBCO Any Data Hub and Responsive Application Mesh strategies. TIBCO’s Hyperconverged Analytics will also gain from the addition of ibi analytics solution, WebFOCUS, said the report.
“Data-driven insight is more critical than ever. With the acquisition of ibi, we gain access to a broader set of analytics and technology, greatly enhancing our ability to help the world’s leading organizations solve their most complex data problems,” said Dan Streetman, chief executive officer at TIBCO. “The blend of our two companies, with strong and complementary capabilities, will further unlock the potential of real-time data for making faster, smarter decisions.”
“Bigger data challenges create the need for more robust data solutions,” said Frank J. Vella, chief executive officer at ibi. “Joining TIBCO will help our customers, who understand the impact of having strategic, data-driven solutions, accelerate their response to their most pressing data opportunities.”
The transaction remains subject to customary conditions and certain regulatory approvals, and TIBCO expects the transaction to close during its first quarter of fiscal year 2021.
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