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TIBCO Software history
TIBCO Software company history timeline
1997 TIBCO Inc. is split into two companies, TIBCO Finance Technology Inc. and TIBCO Software Inc.
TIBCO Software Inc. was founded in 1997.
Later in 1997, the company became one of 13 of Microsoft's partners in "push" technology, which delivers internet content to users for free through web browsers.
The company's initial public offering (IPO) of stock was made in July 1999 with a range value of $9 to $11.
Touting the benefits of such technology, the company cashed in on the burgeoning growth of e-commerce and completed an initial public offering (IPO) of stock in 1999.
In 1999, TIBCO bought InConcert Inc., a developer of integration software geared for telecommunications companies.
Reuters, the world's leading provider of real-time market data, international news, and transaction services, wanted to integrate Ranadive's TIB technology with its Triarch 2000 trading system.
In its first day of trading, the company's stock doubled, from $17.38 to $32.38 per share and in early 2000, the company's value went from $22.75 to $244.88 per share, its record high at the time.
In 2000, Yahoo! introduced Corporate Yahoo, a platform developed using TIBCO Software that allowed companies to develop customized communications between computers.
During the first and second quarters of 2001, the firm's market capitalization approached $2 billion.
The company survived the dot-com bubble burst and was listed among USA Today's e-Consumer and e-Business index of 50 technology companies that remained relevant in 2001 following the boom.
In 2002, the company returned to an acquisition mode, purchasing two companies.
In 2002, Verity, Inc., an American business portal infrastructure software provider, announced an expanded alliance with the company to integrate Verity K2 Developer technology with TIBCO ActivePortal 4.0.
In 2003, British mobile operator Vodafone and Indian mobile provider Reliance Communications began using the firm's software, and Delta Air Lines used TIBCO software to organize its operation systems, including baggage handling, ticketing and check-in.
Vivek Ranadive, described as "a true visionary in a valley full of seers," by the August 10, 2004 issue of Information Age, left Bombay at age 17 with enough money to last two months.
2004: Acquisition of Staffware
By 2004, the company ranked as the largest, independent integration software developer.
2004 Reuters cuts its ownership interest in TIBCO Software from 49 percent to less than 10 percent.
2005 Revenues reach a record high of $445 million.
Since its release in 2007, Apple Inc.'s iPhone has used TIBCO software to process user requests and facilitate sales.
Xcel Energy launched its SmartGridCity program in 2009, which provided assistance to companies seeking to reduce carbon emissions, while using TIBCO software.
By 2011, the company's annual revenues had grown to $920 million, its customer base to 4,000, and its number of employees to 2,500.
In March 2013, TIBCO announced that it had chosen LaunchSquad as its corporate PR Agency of Record.
In September 2014, TIBCO revealed it was being bought out by private equity firm Vista Equity Partners for $4.3 billion.
In 2019, TIBCO announced Dan Streetman as CEO and Murray Rode as Vice Chairman.
In October 2020, TIBCO announced the acquisition of Information Builders, Inc. (IBI), a leading data and analytics company based in New York City.
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TIBCO Software competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| VMware | 1998 | $13.4B | 31,000 | 2 |
| Micro Focus (US), Inc. | 1976 | $3.0B | 12,000 | - |
| Citrix | 1989 | $3.2B | 9,000 | 6 |
| Sybase | 1991 | - | 3,576 | - |
| Informatica | 1993 | $1.6B | 5,249 | 5 |
| Red Hat | 1993 | $3.4B | 13,400 | 192 |
| Juniper Networks | 1996 | $5.1B | 9,400 | - |
| Splunk | 2004 | $3.7B | 7,000 | - |
| Zendesk | 2007 | $1.3B | 5,921 | 35 |
| Sophos | 1996 | $65.2M | 3,600 | 38 |
TIBCO Software history FAQs
Zippia gives an in-depth look into the details of TIBCO Software, including salaries, political affiliations, employee data, and more, in order to inform job seekers about TIBCO Software. The employee data is based on information from people who have self-reported their past or current employments at TIBCO Software. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by TIBCO Software. The data presented on this page does not represent the view of TIBCO Software and its employees or that of Zippia.
TIBCO Software may also be known as or be related to TIBCO, TIBCO Software, TIBCO Software Inc, TIBCO Software Inc., Tibco Software and Tibco Software Inc.