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May 1, 2007

TIBCO To Acquire Spotfire

Exciting news

Today we announced that Spotfire is being acquired by TIBCO (NASDAQ: TIBX), a leading supplier of real time infrastructure software.

Over the past 10 years, we've built Spotfire to be the leading and most innovative (not so modest!) designer, developer, and supplier of software for finding interesting insights in data - based on an awesome user experience and application infrastructure. We've had the opportunity to work with fantastic customers (you!) across the world to make this happen.

Spotfire is at a very exciting point in time. I've talked in this blog about business intelligence 2.0 and what is driving the change in the market - user experience, speed, interactivity, relevance to business problems, etc. We've seen an incredible momentum in the market for our offering across nearly every type of business.

At the same time we've also seen how customers are looking for robust infrastructure as it relates to driving timely data to decisions. The traditional approach which results in a 2 year data warehouse project followed by mountains of static reports emailed out every week just doesn't work anymore. So - it makes a whole lot of sense for us to combine with the team at TIBCO - allowing us integrate our user experience and next gen BI platform with absolutely the industry’s leading SOA infrastructure.

Together TIBCO and Spotfire will be able to provide an unprecedented user experience coupled with an infrastructure that can drive data in real time to that user experience. I believe this will disrupt the BI market as it stands. Think of portfolio managers, sales managers, or manufacturing managers – in fact, anyone! – who need to make critical decisions in a world drowning in data. Now they'll be able to interact with that data in a real time interactive experience configured for their type of work (their "business process")! Who else can do that for you?! (not so modest again!)

I am very excited as you might read into the above text. We will have a lot of fun continuing to build Spotfire as part of TIBCO. We will be the Spotfire business unit of TIBCO, preserving the Spotfire name - but will have great opportunities to increase our presence in the market, increase investments in R&D and product development, and of course, leverage the TIBCO product infrastructure to help you create an information advantage for your business.

Looking forward to seeing you in the market place!

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Posted by Christopher Ahlberg at 9:00 AM | Comments (2)