Infrastructure software company TIBCO (TIBX) has acquired embedded business intelligence software company Jaspersoft for about $185 million. Jaspersoft's commercial open source business model and embedded business intelligence suite allows application developers to embed highly interactive reports, dashboards and analytics into their applications.
The acquisition accelerates TIBCO's expansion into embedded business intelligence and reporting. Current Jaspersoft management team and employees will join TIBCO and continue to pursue the Jaspersoft commercial open source strategy, product roadmap and low-cost, subscription-pricing approach, according to the buyer.
"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," Murray Rode, chief operating officer at TIBCO, said. "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.
"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."
Brian Gentile, CEO of Jaspersoft, said, "TIBCO has a vision of providing the right information at the right time in the right context to deliver a competitive advantage for customers. The continuation of Jaspersoft's open source mission, business model, technology, market presence and brand – now as part of TIBCO – will allow us to deliver an even better business analytics toolset for the largest customer audience."