Detailed Information About TIBCO Software

Foundation and History of TIBCO

In 1997, TIBCO (The Information Bus Company) was founded by Vivek Ranadive as a subsidiary of Reuters Holdings. Ranadive originally developed the information bus software at his previous company, Teknekron Software Systems, which he sold to Reuters for $125 million in 1994.

In 2000, Yahoo! introduced Corporate Yahoo, a platform developed with TIBCO Software that allowed companies to bundle services including email, calendars, and news into enterprise portals.

Acquisition by TIBCO

In January 2021, TIBCO acquired data and analytics company Information Builders for an undisclosed sum, and in September 2022, Vista and Elliott Investment Management acquired Florida-based Citrix Systems for $16.5 billion and merged the company with TIBCO, forming Cloud Software Group. Tom Krause was named CEO of the new company.