Today, TIBCO announced that it has entered into an agreement to acquire Information Builders, Inc. (ibi). We are joining with TIBCO Software Inc, a global leader in enterprise data. TIBCO empowers its customers to connect, unify, and confidently predict business outcomes. ibi’s comprehensive set of data management and analytics capabilities will augment TIBCO’s Connected Intelligence platform to more deeply address customers’ end-to-end needs.
“Bigger data challenges create the need for more robust data solutions,” said Frank J. Vella, chief executive officer, ibi. “Joining TIBCO will help our customers, who understand the impact of having strategic, data-driven solutions, accelerate their response to their most pressing data opportunities.”
“We founded Information Builders with a vision of a new business intelligence product that would enable non-programmers to build their own reporting applications,” said Gerald D. Cohen, founder and chairman of the board, ibi. “We are proud of what ibi has accomplished in over four decades of innovation, and it is a privilege to join forces with a company that cares about its customers as much as we do. I am looking forward to a very bright future for our solutions, our team, and especially our customers.”
In TIBCO, ibi has found a home with a company that shares its values, The cultures align, the commitment to customers aligns, and the vision for the possibilities of our collective technologies align. This transaction is a significant next step for the ibi team, intended to enhance our customers’ experience and accelerate innovation.
Dan Streetman, chief executive officer, TIBCO said, “The blend of our two companies, with strong and complementary capabilities, will further unlock the potential of real-time data for making faster, smarter decisions.”
We are incredibly excited by what the future holds and very proud of our team for helping us to reach this point.
Frank J. Vella
Chief Executive Officer, ibi
Read the press release.
Over the past 30 years, Frank has relied on his strength as an operator to help build a lineup of first-rate businesses, displaying both the soft and hard skills needed to drive shareholder value. He has a track record of success in both venture-backed growth companies such as Quest Software, Virtustream, and BlueJeans, and large multinational organizations such as GE Capital, Microsoft, and HPE Software. Frank joined Information Builders in 2017 as COO and in 2019 became CEO. Serving also on the board of directors of ibi, he works closely with our founders, employees and investors.