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TIBCO Announces Agreement to Acquire Information Builders, Inc.

Information Builders’ Rich, Data-Centric Portfolio Augments TIBCO’s Connected Intelligence Platform to Drive Innovation

TIBCO Software Inc., a global leader in enterprise data, empowers its customers to connect, unify, and confidently predict business outcomes, solving the world’s most complex data-driven challenges. TIBCO announced that it has entered into an agreement to acquire Information Builders, Inc. (ibi), a leading data and analytics software company. ibi has a rich product portfolio and trusted data-driven solutions that are at the core of digital transformation. Its comprehensive set of data management and analytics capabilities will augment TIBCO’s Connected Intelligence platform to more deeply address customers’ end-to-end needs.

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TIBCO Announces Agreement to Acquire Information Builders, Inc.

“Data-driven insight is more critical than ever. With the acquisition of ibi, we gain access to a broader set of analytics and technology, greatly enhancing our ability to help the world’s leading organizations solve their most complex data problems,” said Dan Streetman, chief executive officer, TIBCO. “The blend of our two companies, with strong and complementary capabilities, will further unlock the potential of real-time data for making faster, smarter decisions.”

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ibi helps organizations manage complex and disconnected data so they can build, embed, and automate intelligence in everything they do. With a shared focus on customer excellence and innovation, TIBCO and ibi will partner with customers to transform their business and drive sustainable innovation.

ibi’s leading data quality, preparation, and integration products will support the TIBCO Any Data Hub and Responsive Application Mesh strategies. In addition, TIBCO’s Hyperconverged Analytics strategy will be enriched with the infusion of ibi’s leading analytics solution, WebFOCUS.

“Bigger data challenges create the need for more robust data solutions,” said Frank J. Vella, chief executive officer, ibi. “Joining TIBCO will help our customers, who understand the impact of having strategic, data-driven solutions, accelerate their response to their most pressing data opportunities.”

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