TIBCO Announces Acquisition of Master Data Management Leader Orchestra Networks
PARIS, Dec. 4, 2018 /PRNewswire/ -- TIBCO Software Inc., a global leader in integration, API management, and analytics, today announced that it has acquired Orchestra Networks, a recognized leader of master data management (MDM) solutions and a pioneer in data asset management. This acquisition will extend the TIBCO Connected Intelligence platform with trusted shared data assets for critical operational and analytics processes that drive innovation and transformation.
Orchestra Networks' innovative EBX platform is a single solution to manage, govern, and share all master data, reference data, and metadata assets. Most organizations manage these shared data assets independently, resulting in higher cost, lower agility, and greater risk.
One of the world's largest hospitality companies uses EBX to uniformly manage and distribute master data (e.g., menu items, ingredients, suppliers, and locations) to its mobile and web applications, analytics, and in-restaurant displays, to improve overall agility and reduce the cost of new brand acquisitions. Another successful customer, a leading travel and transportation company, uses EBX to manage its reference data (e.g., airlines, airports, alliances, and agencies) for over one trillion transactions each year, to help ensure the accuracy of its analytics. In addition to many similar examples of customers powering digital transformation through improved operations and analytics with EBX, many organizations also leverage it to comply with regulations such as the General Data Protection Regulation (GDPR).
"This is a very important acquisition or us, supporting our mission to create the world's leading platform for digital business. Orchestra Networks will allow TIBCO to address our customers' simple and complex master data and data asset management needs quickly and easily," said Matt Quinn, chief operating officer, TIBCO. "EBX, an industry-leading master data management solution, will be further amplified as part of the TIBCO Connected Intelligence Cloud. EBX customers will gain instant access to our leading integration and analytics capabilities for their data assets. Orchestra Networks brings an exceptional team that, with TIBCO, will continue to support their customers and partners."
"Strengthened by TIBCO, EBX will provide shared data assets for integration and analytics to empower better decisions and faster, smarter actions," said Christophe Barriolade, co-founder and chief executive officer, Orchestra Networks. "TIBCO will help Orchestra Networks to market and support its leading data asset management software on a larger, more global scale while offering complementary API-led integration and AI-driven analytics capabilities to our customers."
The market-leading capabilities of EBX add to the strengths of TIBCO's data management portfolio, including TIBCO® Data Virtualization and TIBCO® MDM.
BMO Capital Markets acted as exclusive financial advisor to Orchestra S.A. Elaia Partners acted as the only professional investor alongside Orchestra Networks.
To learn more, visit the Orchestra Networks website here and the TIBCO website here.
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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.
TIBCO and the TIBCO logo are trademarks or registered trademarks of TIBCO Software Inc. and/or its subsidiaries in the United States and/or 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.
Lindsey Ashjian Torres
TIBCO Software Inc.
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SOURCE TIBCO Software Inc.
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