TIBCO Software has bought Jaspersoft Corporation, effective immediately. Jaspersoft is now a product group within TIBCO and the name will continue in this form. TIBCO's Spotfire product line provides visual analytics and data discovery capabilities while Jaspersoft offers embeddable reporting and analytics, being strongest in the mid-market BI (both on-premises and in the cloud).
Tibco expects that our combination of strengths can build a diverse product portfolio in BI, able to support a wide set of analytics use cases. During the next few weeks and months, Jaspersoft will convert some of its systems and processes over to TIBCO.
All subscription software licence and services agreements, customer support, outstanding price quotes and current pricing model are unchanged. Jaspersoft’s product team continues to execute on its current product roadmap, working on a new release coming soon.
IT Europa:
The BI sector has been particularly difficult in recent years as customers saw it as complex and the integration issues huge. The cloud offers some potential growth as big data and analytics ramp up, but a lot depends on the skills available to get inside the enterprise customers' business processes. At this level there is little repeatable business, and projects have been vast in concept, and potentially risky.
Jaspersoft offers TIBCO a useful mid-market share, plus a group of partners and a good European base. The move, while probably necessary, comes at a bad time, with a lot of competition from analytics-based businesses like IBM as well as cloud. Management will need to be focused and get this integration completed as soon as possible.