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TIBCO Software Inc.

TIBCO Software Inc. is an American company that provides integration, analytics and events processing software for companies to use on-premises or as part of cloud computing environments. The software manages information, decisions, processes and applications for over 10,000 customers.It has headquarters in Palo Alto, California, and offices in North America, Europe, Asia, the Middle East, Africa and South America.Clients include AirFrance/KLM, Conway, ING, Marks and Spencer, Nielsen, Shell, University of Chicago Medicine, Western UnionThe company's major commercial competitors are IBM and Oracle Corporation.HistoryBeginningsIn 1985, Teknekron Corporation, a technology incubator, provided $250,000 in seed capital to Vivek Ranadivé. In 1986 Teknekron Software Systems was founded, and in 1987, spun off into an independent company. The company's principal innovation was a software product known as the Teknekron Information Bus (abbreviated as TIB), which transfers vital data between software programs.In the year 1986, Teknekron had a consulting project with Goldman Sachs to develop computer driven stock trading. In 1987, the first TIB for the integration and delivery of market data such as stock quotes, news and other financial information went live at Fidelity Investments, followed by First Interstate Bank and Salomon Brothers, eventually digitizing all of Wall Street. Teknekron's software bus programming allowed data to be shared between computers using different languages and different applications. Wall Street trading firms used the software for trading systems, and eventually, large-scale manufacturers employed the technology as well. Ranadivé said, "We digitized Wall Street. You had 20 television monitors that you had to look at. What we did was get rid of all that and replaced it with a Sun workstation. All of that information could now be treated as digitized information."
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TIBCO Software Inc.

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Category: Organization
Found: 11.01.2016

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