TIBCO Spotfire Positioned in Challengers Quadrant in 2010 Business Intelligence Platforms Magic Quadrant
Independent Analyst Research Firm's Evaluation Based on Completeness of Vision and Ability to Execute
SOMERVILLE, MA, February 02, 2010 - TIBCO Software Inc. (NASDAQ: TIBX) today announced that TIBCO Spotfire® has been positioned in the Challengers quadrant in Gartner, Inc.'s recently released Business Intelligence Platforms 2010 Magic Quadrant.1 Vendors were evaluated based on their completeness of vision and ability to execute.
According to Gartner, "The market for BI platforms will remain one of the fastest growing software markets despite the economic downturn. In tough economic times, when competitiveness depends on the optimization of strategy and execution, organizations continue to turn to BI as a vital tool for smarter, more agile and efficient business." The TIBCO Spotfire® Analytics Platform enables every user in the enterprise to gain more insights from the data they work with every day.
"Unlike traditional BI, our analytics platform is more relevant to business processes, provides real self-service capabilities, and delivers clarity and understanding of information at much greater speed and satisfaction. There is a better and smarter way to get answers and it's being recognized," said Lars Bauerle, vice president of product strategy at TIBCO Spotfire. "It's clear that not only our customers, but the market as a whole, are embracing Spotfire Analytics - where everyone is equipped to discover new insights - based on in-memory analytics, interactive visualization, and instant deployment of predictive and event-driven analytic applications."
Before TIBCO Spotfire, the ability for business professionals to discover insights in the information they work with daily was limited by backlogs for static reports from BI systems or by ubiquitous and overwhelming spreadsheets. With TIBCO Spotfire, enterprises can eliminate these issues by using the extensive customization capabilities to make analysis a part of any business process, then broadcast personalized and updated data to information consumers automatically.
The "Magic Quadrant for Business Intelligence Platforms" report is available for purchase directly from Gartner.
About Gartner's Magic Quadrant
The Magic Quadrant is copyrighted 2010 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
TIBCO Software Inc. (NASDAQ: TIBX) is a leading provider of enterprise analytics software for next generation business intelligence. TIBCO Spotfire products offer a visual and interactive experience that helps professionals quickly discover new and actionable insights in information. Distinguished by its speed to insight and adaptability to specific business challenges, Spotfire rapidly reveals unseen threats and new opportunities, creating significant economic value. Spotfire customers include industry leaders among the Global 2000 that have deployed Spotfire analytics to gain an information advantage over their competitors. For more information, visit http://spotfire.tibco.com.
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TIBCO, TIBCO Software, TIBCO Spotfire, and Spotfire are trademarks or registered trademarks of TIBCO Software Inc. or its subsidiaries in the United States and/or other countries. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.