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TIBCO Signs Agreement to Buy Data Virtualization Business from Cisco


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TIBCO Software, a provider of solutions for integration, API management, and analytics, has entered into an agreement to acquire Cisco's Data Virtualization business (formerly Composite Software), specifically Cisco Information Server, a solution that enables enterprise-scale data virtualization, and associated consulting and support services.

The transaction remains subject to customary conditions and is expected to close in the coming weeks.

According to TIBCO, this is a strategic move that will strengthen its portfolio of analytics products, allowing businesses to get analytic solutions into production faster than alternatives, while continuing to adapt as data sources change from traditional databases and big data sources to cloud and IoT.

The Cisco data virtualization technology can access a large, diverse, and complex set of enterprise data stores and create a "virtual" data layer for analytics without disturbing the source data, and without extracting data via ETL in a separate data warehouse.

"Data Virtualization helps our customers find and analyze the data they need in hours or days, rather than months, so that they can quickly discover insights and take insight-driven action," said Mark Palmer, senior vice president of analytics, TIBCO. "The next generation of business intelligence depends on doing more with analytics than just putting data on a graph. Data Virtualization is a key component of getting the right data at the right time to business analysts, data scientists, and automated applications using streaming analytics."

The addition of the Data Virtualization business will enable TIBCO analytics users, including TIBCO Spotfire customers, to improve data agility for faster responses to ever-changing analytics and business intelligence needs, reduce data complexity for enhanced scalability, and drive better business insights. Spotfire is an enterprise-class analytics platform with built-in data wrangling that delivers AI-driven, visual, and streaming analytics. The Spotfire product line includes seamless enhancement of Cisco's Data Virtualization into TIBCO's broader Connected Intelligence platform, while also delivering end-to-end data discovery and governance.

For more information, go to www.tibco.com.


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