PE-backed Tibco Software buys SnappyData

Tibco Software, a portfolio company of Vista Equity Partners, has acquired Oregon and India-based SnappyData, a high performance, in-memory data platform. No financial terms were disclosed. SnappyData was backed by Pivotal, GE Digital and GTD Capital.

PRESS RELEASE

TIBCO Software Inc., a global leader in integration, API management, and analytics, today announced it has acquired SnappyData. The acquisition will complement the TIBCO® Connected Intelligence platform with a unified analytics data fabric that enhances analytics, data science, streaming, and data management for various use cases requiring speed, volume, and agility. Customers will benefit from enabling streaming, transactional, and interactive analytics in a single unifying system, delivering faster insights from high volumes, while maintaining a low total cost of ownership due to performance and ease of administration. The result is increased performance that is up to twenty times faster than native Apache Spark™, while scaling to support large Apache Spark-compatible stores.

“SnappyData complements the TIBCO Connected Intelligence platform, providing improved performance and increased agility for intelligence at scale,” said Matt Quinn, chief operating officer, TIBCO. “This acquisition aligns with our long-standing commitment to continued innovation and delivering the best possible solutions for our customers and partners. Together, TIBCO and SnappyData provide the ultimate data management platform, making the TIBCO Connected Intelligence platform one of the best solutions for driving real-time insights, such as predictive maintenance, anomaly detection, and more.”

The SnappyData™ platform’s Enterprise and Open Source products have a multitude of use cases in IoT and across industry verticals, including manufacturing, financial services, telecom. Adding these solutions to the TIBCO portfolio enables TIBCO to enhance existing offerings, such as:
Visual analytics: Empowers business analysts to leverage Apache Spark with better data refresh intervals, faster query times, and increased productivity;

Data science: Enables data scientists with a high-speed, highly scalable in-memory data store to explore new, larger data sets;
Streaming analytics: Provides data engineers and data scientists with a high-performance historical store; and
DataOps: Orchestrates and streamlines management of analytics data pipelines.

“SnappyData and the TIBCO platform will collectively offer customers simplified, agile, live analytics on data in motion and at rest, propelling them in their digital business initiatives,” said Richard Lamb, co-founder, and president, SnappyData. “This technology delivers a high-performance analytics data fabric that gives users larger data sets and improved agility, all with a lower total cost of ownership. We’re excited to team up to bring CIOs, enterprise architects, data engineering teams, business analysts and data science teams even more value with the new capabilities of the TIBCO Connected Intelligence platform.”

With this acquisition, TIBCO is 100% compatible with and committed to the Apache Spark open source ecosystem. SnappyData leverages the popularity of Apache Spark and Apache Spark™ Streaming by fusing the Apache Spark stack with Apache Geode™, a distributed in-memory database. The solution, created by the innovative founders of Apache Geode (GemFire) – Richard Lamb, Sudhir Menon, and Jags Ramnarayan – adds to the strengths of TIBCO’s open source portfolio, which also includes Project Flogo™ for microservices development.

To learn more, visit the SnappyData website and the TIBCO website.
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About TIBCO
TIBCO fuels digital business by enabling better decisions and faster, smarter actions through the TIBCO Connected Intelligence Cloud. From APIs and systems to devices and people, we interconnect everything, capture data in real time wherever it is, and augment the intelligence of your business through analytical insights. Thousands of customers around the globe rely on us to build compelling experiences, energize operations, and propel innovation. Learn how TIBCO makes digital smarter at www.tibco.com.