TIBCO Software to buy Cisco’s Data Virtualization business

TIBCO Software for CIOs
TIBCO Software announced its decision to acquire Cisco’s Data Virtualization business (formerly Composite Software), for an undisclosed amount.

The acquisition of Cisco Information Server, a solution that powers data virtualization, is a strategic move that strengthens TIBCO’s analytics products.

Data Virtualization helps knowledge workers to discover and access their own views of corporate data in an automated, intelligent way. The Cisco technology can access enterprise data stores and create a virtual data layer for analytics without disturbing the source data and without extracting data via ETL in a separate data warehouse.
TIBCO Spotfire for CIOs“Data Virtualization helps our customers find and analyze the data they need in hours or days, rather than months, so that they can quickly discover insights and take insight-driven action,” said Mark Palmer, senior vice president of analytics, TIBCO.

Data Virtualization is a key component of getting the right data at the right time to business analysts, data scientists, and automated applications using streaming analytics in order to take the right business decisions.

The addition of the Data Virtualization business will enable TIBCO analytics users, including TIBCO Spotfire customers, to improve data agility for faster responses to changing analytics and business intelligence needs and reduce data complexity.

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