TIBCO Software Acquires Netrics
PALO ALTO, Calif., March 25, 2010 - TIBCO Software Inc. (Nasdaq: TIBX) today announced that it has acquired Netrics, a privately-held provider of enterprise data matching software products. Financial details of the transaction were not disclosed.
Netrics' data matching engine is a powerful tool that eases the handling of duplicate, dirty or incomplete data records. Its unique in-memory, algorithmic-based approach to learning from matches over time improves the efficacy of operations managing large volumes of streaming data. In contrast to conventional approaches, Netrics' products are embeddable in existing software applications and business processes and can be used by anyone and everyone who accesses enterprise information: administrators, sales people, front-line personnel, even customers. Netrics' technology will complement TIBCO's data governance, master data management and event-driven solutions.
Netrics' President and CEO, Stefanos Damianakis, has joined TIBCO to lead the development of this business.
TIBCO's technology digitized Wall Street in the '80s with its event-driven "Information Bus" software, which helped make real-time business a strategic differentiator in the '90s. Today, TIBCO's infrastructure software gives customers the ability to constantly innovate by connecting applications and data in a service-oriented architecture, streamlining activities through business process management, and giving people the information and intelligence tools they need to make faster and smarter decisions, what we call The Power of Now®. TIBCO serves more than 3,000 customers around the world with offices in more than 20 countries and an ecosystem of over 200 partners. Learn more at www.tibco.com.
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