TIBCO Software has acquired Jaspersoft, a business intelligence (BI) and reporting software vendor for $185 million.
The acquisition accelerates TIBCO’s expansion into embedded business intelligence and reporting, two rapidly growing markets.
Jaspersoft’s BI allows application developers to embed interactive reports, dashboards and analytics into their applications to enable insight from multiple data sources to make better decisions. It is a market leader in the embedded analytics market for enterprise and Software-as-a-Service (SaaS) applications.
TIBCO says its Spotfire is a market leader in the data discovery, interactive analytics and advanced segments of the analytics market.
Jaspersoft complements the TIBCO Spotfire go-to-market approach through the use of a commercial open source business model. Jaspersoft will continue to pursue its commercial open source strategy, product roadmap and low cost, subscription-pricing approach.
“TIBCO’s broader business strategy is to continue to expand our go-to-market model with a wider range of pricing, packaging and deployment options. The acquisition of Jaspersoft accelerates this strategy as it brings a subscription pricing approach for its commercial products along with a set of open source offerings,” said Murray Rode, chief operating officer, TIBCO.
Jaspersoft’s open source business intelligence software has nearly 16 million product downloads, more than 140,000 production deployments of its software and 2,000 commercial customers in 100 countries.