Tibco on Monday said it has acquired Jaspersoft, which specializes in open source business intelligence tools, for $185 million.
Jaspersoft allows developers to embed reporting, analytics and dashboards into applications via multiple data sources. Tibco's claim to fame is messaging, data discovery and analytics. Jaspersoft's open source business intelligence software has 16 million downloads and more than 140,000 production deployments and 2,000 commercial customers.
The plan for the acquisition, which is expected to be neutral to non-GAAP earnings in 2014, gives Tibco a more rounded portfolio. Tibco now wants to track the data and provide the embedded reporting to other applications.
Tibco also said it would combine Jaspersoft's wares with its Spotfire software via an open source model. Jaspersoft's team will join Tibco and develop an open source strategy and roadmap. With Jaspersoft, Tibco can offer low-priced subscriptions and later upsell to its other applications.
In a statement, Tibco operating chief Murray Rode said:
Tibco's broader business strategy is to continue to expand our go-to-market model with a wider range of pricing, packaging and deployment options. The acquisition of Jaspersoft accelerates this strategy as it brings a subscription pricing approach for its commercial products along with a set of open source offerings.
Jaspersoft's argument is that embedding business intelligence into applications speeds up time to market and enhances software. Here's a look at the potential data sources Jaspersoft sucks in.
On Tibco's first quarter earnings conference call in March, CEO Vivek Ranadive said that it was important to make Tibco's products easier to consume and integrate. Jaspersoft seems to fit in with that goal.
Our approach historically has been, that we build the best-architected, most scalable, most realtime product, as the first layer of cake. And then we put in the second layer which is let's make sure it integrates with everything. And then we put the third layer of the cake, which is, let's make it easy to consume.