TIBCO Software Acquires Maporama Solutions
PALO ALTO, Calif., March 25, 2013 - TIBCO Software Inc. (NASDAQ: TIBX) today announced it has acquired Maporama Solutions, a privately-held, cloud-based provider of location intelligence and geospatial analytics solutions. Maporama Solutions enables enterprises to compress decision-making cycles, optimize resource allocation, and match supply with demand within the context of location. Financial details of the transaction were not disclosed.
Maporama provides a powerful complement to TIBCO Spotfire® as well as TIBCO's event-enabled infrastructure, cloud, loyalty, and social software platform products.
"By combining Maporama's digital mapping and geospatial capabilities with Spotfire's market-leading analytics and data discovery platform, we will increase the value we provide to our customers, enabling them to solve new location-based business problems and make more informed decisions," said Lars Bauerle, VP Spotfire Product Strategy. "With 80% of business data having a location component, wide global adoption of mobile devices, and an increasing need for real-time information, enterprises are seizing new opportunities around customer loyalty, transportation, and supply chain efficiency. We are excited about these powerful geospatial capabilities and look forward to providing enhanced enterprise-class solutions to our customers."
About Maporama Solutions
Maporama Solutions combines the strengths of geographic information and business intelligence to add value to enterprise data, assist decision making, optimize resource allocation and match supply with demand in the context of location. With more than 12 years of experience and a customer portfolio of more than 100 international clients, Maporama occupies a unique position among Location Intelligence specialists, focusing on the "geovisualization" of business data.
TIBCO Software Inc. (NASDAQ: TIBX) is a provider of infrastructure software for companies to use on-premise or as part of cloud computing environments. Whether it's optimizing claims, processing trades, cross-selling products based on real-time customer behavior, or averting a crisis before it happens, TIBCO provides companies the two-second advantage® – the ability to capture the right information at the right time and act on it preemptively for a competitive advantage. More than 4,000 customers worldwide rely on TIBCO to manage information, decisions, processes and applications in real time. Learn more at www.tibco.com.
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TIBCO, two-second advantage, Spotfire, and TIBCO Software 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.