TIBCO logo | |
Type | Public (NASDAQ: TIBX) |
---|---|
Industry | Computer Software |
Founded | 1997 |
Headquarters | Palo Alto, CA |
Key people | Vivek Ranadivé, founder, CEO, chairman |
Products | Business software |
Revenue | US ~920 Million (FY 2011) |
Employees | 2,500 (June 2010) |
Website | www.tibco.com |
TIBCO Software Inc. (NASDAQ: TIBX) is a provider of infrastructure software for companies to use on-premise or as part of cloud computing environments. TIBCO manages information, decisions, processes and applications in real-time for over 4,000 customers with a market cap of $5.1 billion.[1] Clients have included Yahoo, NASDAQ, Charles Schwab, Oracle, Major League Baseball, and the Golden State Warriors.[2][3][4][5] It has headquarters in Palo Alto, California, and offices in North America, Europe, Asia, the Middle East, Africa and South America.[6] The company's major commercial competitors are IBM[7] and Oracle Corporation.
Contents |
In 1985, Teknekron Corp., a technology incubator, provided $250,000 in seed capital to Vivek Ranadivé.[8] In 1986 Teknekron Software Systems was born, and in 1987, it was spun off into an independent company.[9] The company’s principal innovation was the software bus (abbreviated as TIB), which transfers vital data between software programs.[8]
In 1986, Teknekron embarked on a consulting project with Goldman Sachs to redefine the "trading floor of the future.”[10][11] 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, followed by First Interstate Bank[disambiguation needed ] and Salomon, eventually digitizing all of Wall Street.[12] Teknekron’s software bus programming allowed data to be shared between computers using different languages and different applications.[13] Wall Street trading firms used the software for trading systems, and eventually, large-scale manufacturers employed the technology as well.[14] 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.’’[15]
In December 1993, Reuters Holdings PLC bought Tenekron for $125.1 million in cash.[16]
In 1997, Ranadivé founded TIBCO (The Information Bus Company).[17] 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.[8] Later in 1997, TIBCO became one of 13 of Microsoft’s partners in “push” technology, which delivers internet content to users for free through web browsers.[18]
Before going public, Gail Bronson, a senior analyst at IPO Monitor, said that TIBCO "is going to be huge" because of the company’s underwriting, venture capital and corporate connections.[19] TIBCO issued its IPO in July 1999 with a range value of $9 to $11 [20] In its first day of trading, TIBCO’s stock doubled, from $17.38 to $32.38 per share[21][22] and in early 2000, the software maker’s value went from $22.75 to $244.88 per share, the company’s record high at the time.[23] After its IPO, TIBCO raised $109.5 million and 7.3 million common shares sold for $15 each, above its range value.[24]
In 2000, Yahoo introduced Corporate Yahoo, a platform developed using TIBCO Software that allowed companies to develop customized communications between computers.[15] 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.[25]
Soon after TIBCO’s IPO, the dot-com bubble burst, and 77 of 512 companies that went public in 1999 had been delisted or were off the stock market, and 21 of 396 firms that went public in 2000 were out of business.[26] TIBCO survived the burst and was listed among USA Today’s e-Consumer and e-Business index of 50 technology companies that remained relevant following the boom.[26]. During the first and second quarters of 2001, TIBCO's profits were at $2 billion.[27][28]
In 2003, mobile operator Vodafone and Indian mobile provider Reliance Communications began using TIBCO software, and Delta Air Lines used TIBCO software to organize its operation systems, including baggage handling, ticketing, and check-in.[29][30] The same year, Lufthansa integrated TIBCO programming for its entire IT program, specifically with cargo management, and Deutsche Bahn, Germany’s largest railway operator, used TIBCO software to construct digitally integrated train stations.[31][32]
In 2004, Wellpoint and RealMed used TIBCO technology to process HIPAA claims,[33] and Harrah’s casinos used predictive software to analyze system demands.[34] After Hurricane Katrina destroyed property and displaced citizens in Louisiana, Allstate Insurance used TIBCO programming to process insurance claims.[35] Since its release in 2007, Apple’s iPhone has used TIBCO software to process user requests and facilitate sales of service.[36] Xcel Energy launched its SmartGridCity program in 2009, which provided assistance to companies seeking to reduce carbon emissions, while using TIBCO software.[37]
By 2011, Ranadivé had grown TIBCO's annual revenues to $920 million, its customer base to 4,000, and its number of employees to 2,500.[38][39][40][41]
TIBCO's infrastructure software focuses on real-time communication for business-to-business, business-to-consumer and business-to-employee data transfers.[1][42] Unlike other providers, TIBCO has developed programming that facilitates communication between incompatible software.[43] The company provides middleware, which allows for access to real-time data between multiple systems while predicting users' needs.[44] The software appears in Amazon.com's personalized product recommendations, and FedEx's package tracking system.[44] Clients also use TIBCO's software's feedback to deliver special offers to customers based on their browsing habits.[27]
TIBCO's products focus on fulfilling the company's vision for "Enterprise 3.0," in which technology delivers the right information in the right place at the right time with the right context, giving businesses and organizations an advantage in serving their customers and managing their operations.[45]
TIBCO ActiveMatrix is a technology-neutral platform designed to simplify the development, deployment and management of composite business process management (BPM) and service-oriented architecture (SOA) applications. The ActiveMatrix family includes products for service creation and integration, distributed service and data grids, packaged applications, BPM and governance.[46]
TIBCO BusinessEvents is complex event processing (CEP) software that enables organizations to identify meaningful patterns across their business. It does so by correlating massive volumes of data about discrete events and applying predefined rules to identify situations that require a response.
TIBCO Collaborative Information Manager is master data management (MDM) software that enables organizations to align enterprise master data across multiple business units, departments and partners and synchronize that information with downstream IT transactional systems.[47]
TIBCO Silver is an infrastructure platform designed specifically for building, deploying and managing cloud applications within enterprise IT environments. Silver includes BPM, composite application development and analytics products.
TIBCO Spotfire is an analytics and business intelligence platform that allows customers to perform in-depth analysis on their data through the use of predictive and complex statistics.[48][49] During the 2010 World Cup, FIFA used Spotfire software to give viewers analytics on country teams' past performances.[50]
In January 2011, TIBCO launched tibbr, a social media system built for use in the workplace.[51] tibbr manages input and output feeds to outside programs and integrates with other social media platforms like Twitter, Facebook, and LinkedIn.[51] Sixty companies, or 50,000 users, have signed up.[52][53] TIBCO launched tibbr 3.0 in summer 2011, which processes HD video conferencing, and divides interactions into communities to designate between public and private information sharing.[54][55][56]
TIBCO FTL is an extreme-low-latency messaging technology that is meant for electronic trading of high performance algorithms on massively multi-core machines.[57]
TIBCO ActiveSpaces Datagrid is a distributed elastic peer-to-peer transactional datastore implementing and expanding upon the TupleSpace concepts. It is infrastructure software that can be used to store, retrieve and query data stored into Spaces as well as for distributing in a true 'push' manner the changes to that data in real-time as they happen. It can be used as an alternative datastore (with ACID properties and query filtering criteria expressed as SQL-compatible strings), messaging system (or a combination of the two functionality) and can also be used to process large amounts of data in a distributed manner. It can store the data in-memory, on disk or as a combination of the two (i.e. memory being used as a transparent cache).
At the 2012 World Economic Forum in Davos, Ranadivé, along with WEF’s founder and chairman Klaus Schwab, launched TopLink, a private social network for world leaders.[58][59][60] Ranadivé's goal is to "unlock the collective wisdom of the world’s best and brightest" with TopLink, which is a highly-secure version of TIBCO’s social networking platform tibbr.[61] Users of the network, which has been described as a combination Facebook, Twitter, e-mail, texting, and Skype, can hold group video conferences, ask questions, and discuss ways to solve world issues.[61][62][63]
The following corporations are currently or have used TIBCO Software's products:
TIBCO has acquired several companies to extend and enhance its technology offerings. Most notably:
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At night.. (yeahhh!)
At night.. (talkin bout - all that shit)
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At night.. (yeah! I see you nigga)
[Daz]
Smokin bomb, feelin loaded, forty yappin, smoke imported
Servin (?) fat as boulders, got a (?) on my shoulders
Homies robbin homies, on point with the po'-po's
Sellin white snow pure yo, twist a little bit just to get a lil' mo'
We had the ground, we bagged a round, crack, money in stripes
I lay you down, let niggaz know that we ain't no fuckin joke, niggahhh
[Kurupt]
The nighttime's, the right time, family and pride
Personally known for the way I, spray and ride
Silent if I, silent is the way I glide
Money'll make a nigga shift a pistol shoot to the sky
[Daz]
Nigga let's ride! I love it when the sun goes down
Nigga get chopped down, get gunned down
[Kurupt]
Run down, run around, and shot down
Popped down glocks in full pound surround
Get the homies together and call the shots, fallin on baller's blocks
Smaller and smaller knots, alcoholics lookin fo'
[D] my gangsta bitches (uh-huh) and busta niggaz (uh-huh)
[K] Liquor weed, pistols pills, niggaz shot and niggaz killed
At night.. (uh-huh, uh-huh, uh-huh)
At night.. (uh-huh)
(liquor weed, pistols pills, niggaz shot and niggaz killed)
At night.. (uh-huh, uh-huh)
At night.. (what ch'all niggaz wanna do, huh?)
[Kurupt]
I put holes in the air and turn black to blue
And I don't give a fuck about puttin holes in you
The midnight strike, the killer strikes the streets at night
Imitation Doggs on scope and it's on on sight (nigga)
[Daz]
Murder killin robbery, mayhem
Assault with the deadly weapons equals battery
I be down with the tragedy
Catch a nigga slippin, shoulda known
Nigga one-eighty-seven ain't shit but a misdemeanor
(If you ain't knowin - they ain't knowin)
Niggaz dyin unexpected, and they knowin
(They don't know) Niggaz tryin to make it echo
but it's showin (they ain't showin) little bitches on the street
straight hoein (straight hoein) you ain't knowin (thought you knew)
[Kurupt]
Overblown, got'n'gone, the song zone, at the zone shown
Time and time again it's on, Vietnam again
Napalm set-trip, coast-trip, post and get
tripped on, blastin fuckin chippin niggaz out the fuckin dash
What the fuck is this? Niggaz is the luckiest
Strike and spray, e'ryday all day around the way
I lost my homeboy last year, nigga shed his last tear
Comin through to blast shit, I knew I'd catch his ass crip
At night.. (uh-huh, uh-huh, uh-huh)
At night.. (uh-huh)
(liquor weed, pistols pills, niggaz shot and niggaz killed)
At night.. (uh-huh, uh-huh)
At night..
At night.. (yeahhh - that's how it go down e'ry night nigga)
At night.. (y'all niggaz better stay strapped)
(cause we on a hunt for all y'all)
At night.. (and we ain't takin no shorts)
(servin y'all niggaz on sight)
At night.. (everyday, all night, yeah)
At night.. (everyday, all day, anybody killer)
At night.. (fuck all y'all! yeah!)
At night..
Whassup whassup? Whatchu need?
(Got a fifty sack?) Whassup? Aww the police, c'mon!
{Police! Police! Up against the wall}