TIBCO Software Acquires Nimbus Partners
PALO ALTO, Calif., August 30, 2011 - TIBCO Software Inc. (Nasdaq: TIBX) today announced that it has acquired Nimbus Partners, a privately-held, UK-headquartered provider of business process discovery and analysis applications that help companies drive adoption of business process initiatives. Financial details of the transaction were not disclosed.
Nimbus provides a strong complement to TIBCO's event-enabled infrastructure software platform. Whereas TIBCO has traditionally focused on the automation of data, systems, and processes, Nimbus allows business users to collaboratively describe and document all aspects of a business – from operational best practices to organizational and system models. These are combined with robust governance capabilities that can deliver a process-focused "Intelligent Operations Manual" across the enterprise, linked to supporting data and systems. Nimbus focuses on the vast majority of processes that are often not captured in enterprise applications and automated workflows, and it has found particular traction with business transformation, compliance-led, and continuous improvement initiatives.
"Nimbus extends TIBCO's range of business process improvement solutions and deepens our abilities in process discovery and governance, social collaboration, and analytics," said Murray Rode, TIBCO Chief Operating Officer. "We are delighted to welcome Nimbus to the TIBCO family."
"By combining Nimbus with TIBCO and its market-leading capabilities and global reach, we will expand the range of audiences we can serve and depth of processes we can address while together providing insight that enables employees to make better decisions," said Ian Gotts, Founder and CEO, Nimbus Partners. "We are excited for this next chapter, and look forward to the expanded solutions we can now offer our customers."
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 efficient claims or trade processing, 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. Learn more at www.tibco.com.
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