TIBCO to Acquire Information Builders, Inc.
TIBCO Software Inc., a global leader in enterprise data 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.
ibi helps organisations 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.
Millions of people worldwide use ibi-powered software every day across the Healthcare, Financial Services, Public Sector, Manufacturing, Transportation and Logistics, and Retail industries. ibi solutions have received more than 40 awards for Outstanding Customer Service and Support, including ones for a Cloud BI and Technology Innovation.
The transaction remains subject to customary conditions and certain regulatory approvals, and TIBCO expects the transaction to close during its first quarter of fiscal year 2021.
(This content is surmised from a press release)