TIBCO Software Inc. is an American business intelligence software company founded in 1997 in Palo Alto, California. It has headquarters in Palo Alto and offices in North America, Europe, Asia, the Middle East, Africa and South America. Its Palo Alto campus consists of four buildings on 16 acres in Stanford Research Park. TIBCO (The Information Bus Company) was founded in 1997 by Vivek Ranadivé as a subsidiary of Reuters Holdings. Ranadivé originally developed the information bus software at his previous company, Teknekron Software Systems, which he sold to Reuters for $125 million in 1994. TIBCO's software allowed companies to receive and respond to information in real time. Later in 1997, the company became one of 13 to partner with Microsoft in the development of push technology. Its software products which primarily served the financial sector helping automate Wall Street's trading floors during the company's early beginnings, had evolved to be used in energy, semiconductor manufacturing, and other industries, by 1999. The company held an initial public offering (IPO) of stock on July 14, 1999. The company said it raised $109.5 million from its IPO. More information...
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