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Interactive data visualization firm Spotfire acquired by Tibco for $195M

TIBCO Software (NASDAQ: TIBX) today announced that it has signed a definitive agreement to acquire Spotfire Inc., a leader in next-generation interactive and visual business intelligence (BI) software, in an all-cash transaction valued at approximately $195 million.

Spotfire provides an interactive, visual approach to data analysis that puts the power to ask and answer questions on demand directly into the hands of a wide range of business professionals. Unlike current first generation business intelligence systems, the Spotfire Enterprise Analytic platform is architected to deliver a radically faster experience and one that is infinitely more adaptable to multiple industries and business processes. The Spotfire Enterprise Analytics platform delivers the ability to ask and answer virtually unconstrained questions.

Spotfire has over 800 active customers including such global leaders as ABN AMRO, AMD, Boehringer Ingelheim, Chevron, Merck, Pfizer, Shell, Texas Instruments, Toshiba, Unilever, along with a variety of government agencies involved in both civilian and intelligence services. Spotfire also has a strong global sales force and solution partner network.

Posted on May 2, 2007 09:53 AM |

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