Tibco buys BI software vendor/Tableau rival for $185M

|By:, SA News Editor

Tibco (TIBX) has acquired Jaspersoft, a developer of open-source business intelligence software that can be embedded within 3rd-party apps, for $185M in cash. The deal is expected to be neutral to Tibco's FY14 (ends Nov. '14) EPS.

Tibco argues Jaspersoft's offerings complements its Spotfire BI platform, which is more focused on advanced standalone data discovery and analytics. Jaspersoft claims 2K+ commercial clients and 140K+ production deployments.

Jaspersoft competes to an extent with Spotfire rival Tableau (DATA), whose data visualization/analytics platform (causing headaches for traditional BI vendors such as IBM and SAP) has embedded capabilities. Whereas Spotfire has struggled in recent quarters, Tableau posted 93% Y/Y Q4 license growth.