TIBCO Software, a business software provider, is set to buy Orchestra Networks, a data management company based in France, Reuters reported.
Palo Alto, California-based TIBCO was taken private by software-focused buyout firm Vista Equity Partners in 2014 for $4.3 billion.
Founded in 2000 in Paris and owned mostly by its founders, Orchestra Networks’ primary product, EBX, allows customers to manage and share a wide array of data assets and comply with regulations.
The deal will allow TIBCO to add Connected Intelligence Cloud feature to its software platform. TIBCO sells software to enterprises that help them integrate disparate data sets, manage application programing interfaces and analyze data.
“EBX will be amplified as part of the TIBCO Connected Intelligence Cloud. EBX customers will gain instant access to our integration and analytics capabilities for their data assets,” Matt Quinn, chief operating officer, TIBCO, said.
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 has made more than 30 acquisitions over the course of its history, including Scribe Software earlier this year and Cisco’s data virtualization business last year.
