Tibco has announced that it has acquired open-source business intelligence (BI) firm Jaspersoft for $185m.
The Jaspersoft BI suite allows developers to embed interactive reports, dashboards and analytics into their applications.
Murray Rode, Tibco chief operating officer, said in a statement: “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.
“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.”
Jaspersoft's open-source business intelligence software has nearly 16 million downloads worldwide and 2,000 commercial customers in 100 countries. A development community of more than 400,000 registered members regularly participates in Jaspersoft’s open-source BI projects.
Jaspersoft recently extended its embedded analytics offerings to the most widely used big data formats including Hadoop, MongoDB and Cassandra.
The company intends users to be able to combine big data-friendly NoSQL databases with more traditional data sources, in order to allow firms to get as much insight into their information as possible. Tibco has always focused on advanced analytics capabilities.
Mike Davis, principal analyst at MSMD Advisors, said the buy is great news for Tibco but bad news for the technology industry. “Jaspersoft has been an innovator over the years. It’s an incredibly good buy for Tibco. But as the BI innovators keep getting bought by the bigger guys, there’s less innovation and disruptors in the market,” said Davis.
“I hope Tibco will be able to keep as many Jaspersoft people as possible. Although experience says they may not be able to as challengers don’t like being in a big company for too long.”
Meanwhile Helena Schwenk, analyst for MWD Advisors said she was surprised by the acquisition. “I think from Tibco’s perspective, they have the analytics and data visualisation presence and now they want to round that out with BI functionality. I am surprised that they are choosing BI as a key focus area going forward though,” said Schwenk.
“But the larger story is that Jaspersoft will bring Tibco new deployment models for analytics, including cloud and open-source models. This will complement what Tibco already has with Spotfire and could boost its big data story.”
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