Tibco to buy business intelligence software co., Spotfire, for $195M

May 2, 2007 | Matt Marshall

Tibco, a Palo Alto, Calif. software company, said it has agreed to buy business intelligence software company Spotfire, of Somerville, Mass. for about $195 million in cash.

Tibco said its own software, which gives companies a way to manage their data infrastructure in “real time,” would be complimented by Spotfire’s business intelligence offering. It is the latest in a string of acquisitions of business intelligence companies.

See the Tibco’s statement about the acquisition and other info pages here.

Spotfire, founded eleven years ago, raised about $40 million over the years, with the most recent investment in 2001. It was valued as high as $129 million in 2000, so the bulk of investors haven’t done that well — given that seven years have passed since then.

Investors included Atlas Venture, Casdin Capital Partners, Cooper Hill Partners, InnovationsKapital, In-Q-Tel (the CIA’s venture arm), Pequot Capital Management, Quantum Partners, SEB Foretagsinvest, Soros Fund Management, Sprout Group, and TowerBrook Capital.

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About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.