TIBCO made a shrewd move when it acquired Spotfire. Now the company is hoping it can catch lightning in a bottle a second time with the $185 million acquisition of Jaspersoft on Apr-14 end.
Jaspersoft provides commercial subscription support for open source data-integration, business intelligence, and analytics software it develops and upgrades with help from a large community of more than 400,000 registered users. The company is best known for its low-cost open source ETL and reporting software, as well as for embedded BI software used by partners such as Nike, Mint.com, FedEx, and McGraw Hill to deliver more than 140,000 analytics-infused applications.
When TIBCO acquired Spotfire for $195 million in 2007, it was in the midst of the great consolidation of the BI market in which IBM acquired Cognos, Oracle acquired Siebel and Hyperion, and SAP acquired BusinessObjects. These were the leading business intelligence products of their day (along with MicroStrategy and InformationBuilders). But since that time, Spotfire has emerged as the third name in a hot trio that also includes Tableau Software and QlikTech.
These data-discovery products have seen the fastest growth in the category ever since, while the likes of IBM Cognos, Oracle OBIEE, SAP BusinessObjects, and MicroStrategy have seen flat to slow sales growth. But reporting, ad-hoc query tools, and embeddable BI software remain necessary. Here's where TIBCO is betting that Jaspersoft will complement Spotfire and give it a complete portfolo.
Pairing open source Jaspersoft with top-selling Spotfire, TIBCO hopes to disrupt the business intelligence and embedded analytics market.