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TIBCO Continues Global Expansion, Brings Spotfire Analytics to ChinaCompany Launches TIBCO Spotfire Presence in Beijing, Delivers Localized Software and Targets Users That Want to Move Beyond Traditional Business Intelligence (December 14, 2010)
SOMERVILLE, MA and BEIJING -- (Marketwire) -- 12/14/10 -- To meet growing global demand for its in-memory analytics software, TIBCO Software Inc. (NASDAQ: TIBX) today announced its entry into the Chinese business analytics market with a localized version of TIBCO Spotfire® Analytics. TIBCO is launching a Spotfire® Group sales and support presence in TIBCO's office in Beijing, China and establishing a network of in-country TIBCO Spotfire business partners. The TIBCO Spotfire Analytics platform equips all business users to answer their own questions of any data in seconds. Spotfire adapts to virtually any data or business processes, allowing anyone anywhere in the enterprise to move beyond reporting to analytics.
As the first solution to truly make Business Intelligence (BI) and analytics available to anyone, Spotfire puts the power of predictive analytics into the hands of any user, with data visualizations they can understand and a level of interactivity unmatched by traditional BI. In-memory processing and a unique, visual and interactive approach to analysis quickly reveal new insights into data that were previously hidden. Before Spotfire, business professionals lacked the ability to quickly discover insights in everyday business information due to long backlogs for reports, complex spreadsheets and data integration issues. The flexible Spotfire platform eliminates these issues by enabling every user to directly query the data that's relevant to them to speed business insights.
TIBCO Spotfire responds faster than BI and more flexibly than spreadsheets, equipping everyone in the enterprise -- whether in business, technical, or scientific roles -- to easily analyze complex data, customize their discovery experience, and share their story through Web mashups, portals, or interactive dashboards. Spotfire also makes predictive analytics a mainstream feature of any business application, allowing any enterprise decision-maker to perform "what-if" scenarios on demand and find new insights in complex data instantly. Spotfire customers have significant input into the platform evolution, and in direct response to customer demand, Spotfire recently launched a cloud offering and a touch-screen experience for the Apple iPad mobile digital device. The Spotfire platform has won numerous accolades from leading information technology analyst firms around the globe.
According to analyst firm IDC(1), the BI software market is forecasted to grow by 20.5% in 2010 on the back of a modest 3.0% growth in 2009. As BI and analytics gain mainstream interest and as it becomes more pervasive in Chinese enterprises, TIBCO Spotfire is expanding its presence in China to seize this market opportunity.
"This launch marks another significant step forward in our global expansion, and builds on the success and adoption of Spotfire throughout the Asia Pacific region," said Bill Doyle, vice president of channel sales for Spotfire, TIBCO Software Inc. "As organizations throughout China become increasingly competitive in the global marketplace they want to move beyond the basic reporting offered by the traditional BI players to analytics. With our dedicated Beijing office, we can now immediately respond to and work with companies looking to move beyond reporting to analytics."
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. TIBCO Spotfire® is the company's in-memory analytics software for next generation business intelligence. By offering a visual, interactive experience, Spotfire® helps professionals quickly discover new and actionable insights in information. Learn more at http://spotfire.tibco.com.
TIBCO, TIBCO Software, TIBCO Spotfire, Spotfire, and The Two-Second Advantage are trademarks or registered trademarks of TIBCO Software Inc. or its subsidiaries in the United States and/or other countries. Apple and iPad are trademarks of Apple Inc., registered in the U.S. and 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.
(1) April 30, 2010, Press Release: IDC Expects a 20.5% Growth for APEJ's Business Intelligence Software Market in 2010 with 3Ps - Predictability, Pervasiveness and Price as Key Drivers: http://www.idc.com/about/viewpressrelease.jsp?containerId=prHK22322610§ionId=null&elementId=null&pageType=SYNOPSIS
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