TIBCO Buys Embedded BI Provider Jaspersoft

In the US, infrastructure and business intelligence specialist TIBCO has acquired embedded business intelligence and reporting software provider Jaspersoft for $185m.

Jaspersoft's tools extract and analyse data from multiple sources, and deliver it within apps and business processes through an embeddable reporting platform. TIBCO says the acquisition will accelerate its expansion into the embedded BI market, while complementing its Spotfire data discovery and segmentation solution. As part of the deal, the current Jaspersoft management team and employees will join TIBCO.

COO Murray Rode (pictured) comments: 'The acquisition of Jaspersoft 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.'

Web sites: www.tibco.com and www.jaspersoft.com .