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.
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.
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.
During the first and second quarters of 2001, the firm's market capitalization approached 2 billion.
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 to better meet the needs of their customers.
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.
Since its release in 2007, Apple Inc.'s iPhone has used TIBCO software to process user requests and facilitate sales.
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 September 2014, TIBCO revealed it was being bought out by private equity firm Vista Equity Partners for 4.3 billion.
|Company Name||Founded Date||Revenue||Employee Size|
Cadence Design Systems1988