TIBCO Software
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| TIBCO Software Inc. | |
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| Type of Company | Public (NASDAQ: TIBX) |
|---|---|
| Founded | 1987 |
| Headquarters | Palo Alto, CA |
| Key people | Unknown |
| Industry | Computer Software |
| Products | See company site |
| Revenue | US $445.9M (2005) |
| Employees | 1500 (October, 2006) |
| Slogan | The Power of Now(R) |
| Website | www.tibco.com |
TIBCO Software Inc. is a global software company, with headquarters in Palo Alto, California.
TIBCO provides business process management and business integration software. This software integrates, manages, and monitors enterprise applications and enables reliable and high-performance information delivery. Their software products include applications for coordinating business process and activities, securely exchanging information with trading partners, creating and maintaining XML documents, and managing distributed systems.
The company's major competitors are webMethods, IBM, Microsoft, Oracle Corporation, and Sonic Software.
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[edit] Products
The current range of products also includes a Portal, Workflow and Business Intelligence Solutions, as well as enterprise messaging products and other software. The company's best known products include TIBCO BusinessWorks (EAI), TIBCO Rendezvous and TIBCO Enterprise Message Service (messaging), and TIBCO Staffware Process Suite (BPM).
TIBCO Rendezvous is perhaps the most important and well known product. It is an underlying messaging layer that provides publish-subscribe and request-reply semantics. This Message Oriented Middleware was TIBCO's original product, bringing the company a lot of early success in the pre-WWW IT industry. Partly owing to this long track record, the TIBCO Rendezvous platform is still very popular within the finance industry and has a large installation base. The company was a key contributor to the Java Message Service specification and supports the standard in the TIBCO Enterprise Message Service product.
The company's second best-known product is TIBCO BusinessWorks, which is a leading player in the EAI space.
The company also played a role in the growth of the enterprise portal space. In the early 1990s, it invented a real-time, user-personalized, thick-client portal product called MarketSheet, which was used pervasively in securities trading rooms in the financial industry. When the web revolution arrived, this product provided a vision that was subsequently implemented in the web world as user-configurable portals such as My Yahoo!(TM). The company thinned down the front end for its own portal products to applets and finally to DHTML.
TIBCO General Interface [1] is an Ajax toolkit for building and deploying Rich Internet Applications (RIA), components and portlets that look similar to desktop software.
[edit] History
Vivek Ranadive founded the company as Teknekron Software Systems in 1987 as a subsidiary of technology incubator Teknekron Corporation. This company invented the patented Subject Based Addressing technology and built the Teknekron Information Bus and a Market Data Delivery System solution that also included products like MarketSheet (a kind of thick-client portal). This technology was revolutionary, and played a major role in the drive to replace "green screens" and digitize securities trading floors world-wide. In addition to Subject Based Addressing, TIB included many other common messaging concepts that have since become widely accepted, and as hardware and operating systems evolved, the TIB evolved from using broadcast messaging to using IP multicast groups.
The company subsequently diversified, delivering software solutions first to energy and high-tech manufacturing customers, and then to customers in other sectors.
In 1994, Teknekron Software Systems was acquired by Reuters. In 1996, the company was renamed TIBCO (The Information Bus Company). The Teknekron Information Bus was renamed, tongue in cheek, "The Information Bus," although it continues to be abbreviated as, "the TIB."
In 1997, a small fraction of TIBCO, which was focused primarily on more broadly applicable technology rather than financial software, was spun off by Reuters as TIBCO Software Inc., with TIBCO Rendezvous as its main product.
Many other products have been added since that time, both through internal development and through acquisition. TIBCO acquisitions include, among others:
- InCommon (content push technology)
- InConcert (workflow products)
- Extensibility (XML technology)
- Praja (Business Activity Management products)
- Talarian (a messaging vendor)
- Staffware (business process management products)
- General Interface (Ajax technology)
- ObjectStar (Integration development environment for Mainframe)
TIBCO Software went public in 1999.
TIBCO participates in the development of industry standards in many areas:
- Business Process (including BPEL, UAN), BAM too
- Web Services
- Integration (including JBI, SCA)
- Java, Java EE
- Management
- Messaging (including PGM, a standard that TIBCO initially co-developed with Cisco, and also JMS)
- Portlets (including JSR 168, JSR 286, WSRP)
In 2005, Vivek Randive won the Wharton Infosys Business Transformation Award for his innovative use of information technology.
[edit] See also
- Enterprise application integration
- Business Process Management
- Enterprise service bus
- Enterprise Workflow Solutions
