With this acquisition, TIBCO is 100 per cent compatible with and committed to the Apache Spark open source ecosystem.
TIBCO Software, a portfolio company of Vista Equity Partners, has acquired Oregon and India-based SnappyData, a high performance in-memory data platform.
TIBCO Software is a global leader in integration, API management, and analytics.
The company said that 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 company said in a press release.
It claims an increased performance that is up to twenty times faster than native Apache Spark.
“SnappyData complements the TIBCO Connected Intelligence platform, providing improved performance and increased agility for intelligence at scale,” said Matt Quinn, chief operating officer, TIBCO.
“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,” he added.
Addition of SnappyData strengthens TIBCO’s open source portfolio
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 will enable TIBCO to enhance existing offerings.
“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.
He continued, “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 per cent 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.
