Enterprise software vendor TIBCO has acquired Jaspersoft, an open source business intelligence company, for approximately $185 million. It’s not an earth-shaking deal, but it could be a sign of things to come in an analytic’s software market full of companies and products that have a hard time standing out from the crowd.
Jaspersoft will beef up TIBCO’s analytics business that until now was comprised of the TIBCO Spotfire software. TIBCO is excited by Jaspersoft’s traction among software-as-a-service companies that embed Jaspersoft’s analytics tools into their applications, as well as its open source business model, if statements in a press release announcing the deal are indicative of its rationale. Jaspersoft’s integration with numerous NoSQL data stores and Hadoop also offer TIBCO a big data capability that Spotfire has lacked.
However the products complement each other, though, a harsher view of the deal is that both companies are struggling to make a name for themselves in a very crowded market. Tableau owns most of the mindshare today and is growing like crazy. Then there are large, multi-faceted companies such as Microsoft that own the whole analytic’s story from database up through applications. Startups such as Platfora, ClearStory and SiSense are raising lots of money, promising the moon and attracting some big-name users.
This article has been extracted from http://gigaom.com, please click on this link to read the article in full http://gigaom.com/2014/04/28/consolidation-looms-in-business-intelligence-as-tibco-buys-jaspersoft-for-185m/
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