Tibco targeted Streambase for its data analytics technology, which is used for algorithmic trading, and it’s a known brand in the capital markets. Tibco is also popular with Wall Street firms, a highly lucrative source of business.
“This combination extends our event-processing abilities and provides a terrific opportunity to address a growing number of use cases for data in motion – in financial services and beyond,” said Tibco chief technology officer Matt Quinn in a statement.
This spring, Tibco acquired a French location analytics company Maporama, which it will roll into its Spotfire offering. Spotfire, along with Tibco’s messaging product, Tibbr, and some other cloud products, is growing rapidly.