TIBCO Spotfire Positioned in Visionaries Quadrant in 2009 Business Intelligence Platforms Magic Quadrant
Independent Analyst Research Firm's Evaluation Based on Completeness of Vision and Ability to Execute
TIBCO Software Inc. (NASDAQ: TIBX) today announced it has been positioned in the Visionaries quadrant in Gartner, Inc.'s recently released Business Intelligence Platforms 2009 Magic Quadrant1. Vendors were evaluated based on their completeness of vision and ability to execute.
According to Gartner, "BI is a vital competitive tool of increased importance in an environment where doing business more smartly, in order to maximize share of the reduced revenue in circulation, is a necessity." The TIBCO Spotfire Enterprise Analytics platform enables every user in the enterprise to gain more insights from the data they work with every day.
"Adoption of traditional business intelligence platforms has been hampered by the lack of deep integration with business processes and reliance on typically static information in the data warehouse. Especially in today's challenging economic environment, an organization's ability to quickly find new insights across a broad range of users and processes can mean the difference between success and failure. By combining industry-leading business process management, complex event processing and enterprise analytics software, TIBCO is uniquely positioned to offer customers the ability to rapidly discover new insights in the data they work with every day," said Lars Bauerle, Vice President of Product Management, Spotfire Division, TIBCO Software Inc.
"The relationship between BI and the greater enterprise software infrastructure, including BPM and BAM, will only grow, as competitive businesses require the right decisions be made at critical times based on accurate, timely information. TIBCO is positioned to offer enterprises the whole spectrum -- from data capture and streaming to data analysis and interactive reporting – on a single, flexible platform. We're taking best of breed products and drawing common threads among them that enable our customers to quickly sense and respond to their industry-specific requirements," Bauerle continued.
Before Spotfire®, the ability for business professionals to discover insights in the information they work with daily was limited by backlogs for static reports from traditional BI systems or by ubiquitous and overwhelming spreadsheets. With the comprehensive Spotfire platform, 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 2009 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.
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.