Tibco Software, already a significant player in the business analytics and data management software arena, is acquiring Information Builders Inc., a pioneer and long-time player in the business analytics market, the companies announced Thursday.
The companies did not disclose the financial details of the acquisition deal. Tibco, which has made a series of acquisitions in recent years, said the IBI acquisition is the largest in its history. Both companies are privately held.
The acquisition follows reports in August that IBI had begun looking for a buyer with Goldman Sachs Private Capital, which acquired a minority stake in IBI in 2017, leading the process.
“Data-driven insight is more critical than ever. With the acquisition of IBI, we gain access to a broader set of analytics and technology, greatly enhancing our ability to help the world’s leading organizations solve their most complex data problems,” said Dan Streetman, TIBCO CEO, in a statement. “The blend of our two companies, with strong and complementary capabilities, will further unlock the potential of real-time data for making faster, smarter decisions.”