TIBCO Software acquires Jaspersoft, a market leader in the embedded analytics market for enterprise and Software-as-a-Service (SaaS) applications for a sum of approximately $185 million. According to Tibco, the acquisition accelerates TIBCO's expansion into embedded business intelligence and reporting, giving TIBCO the broad portfolio needed to address the two fastest growing segments of the business intelligence market. The current Jaspersoft management team and employees will join TIBCO and continue to pursue the Jaspersoft commercial open source strategy, product roadmap and low cost, subscription-pricing approach.
Jaspersoft, a privately held provider of embedded business intelligence (BI) and reporting software provides commercial open source business model and embedded business intelligence suite that allows application developers to embed highly interactive reports, dashboards and analytics into their applications.
According to a statement, Jaspersoft's open source business intelligence software has nearly 16 million product downloads worldwide, more than 140,000 production deployments of its software 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.
“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."
- Murray Rode, Chief Operating Oficer, TIBCO
"We live in an era of multiple IT consumption models, from cloud to on-premise to hybrid applications. The Jaspersoft utility cloud service is a perfect complement to our existing SaaS BI Service, TIBCO Spotfire® Cloud. This acquisition continues our focus on delivering the most comprehensive set of analytical solutions for where, when and how the user wants insight.
- Matt Quinn, Chief Technology Officer, TIBCO
"We are excited about this opportunity to join forces with a market leader in TIBCO. TIBCO has a vision of providing the right information, at the right time, in the right context to deliver a competitive advantage for customers. The continuation of Jaspersoft's open source mission, business model, technology, market presence, and brand – now as part of TIBCO – will allow us to deliver an even better business analytics toolset for the largest customer audience.
- Brian Gentile, Chief Executive Officer, Jaspersoft