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TIBCO’s 2010: maintaining momentum, branching out
Wednesday, December 22, 2010 by Neil Ward-Dutton
Back in September I reported briefly on TIBCO’s third quarter results: in that quarter, it saw a strong year-on-year revenue rise of 23%. Today TIBCO announced that its fourth quarter matched its third in terms of year-on-year revenue growth with another 23% rise; overall for its 2010 financial year revenue was up 21%.
Earlier in December Robin Bloor at The Virtual Circle pointed out that as a company whose market cap has grown around 140% over the past year, TIBCO is currently one of the fastest-growing technology companies of significant size (that is, discounting startups which – if they’re attractive – typically grow in value very fast from a very small base). This annual result shows that the company is doing a good job of maintaining momentum.
Also in December, TIBCO announced its acquisition of Loyalty Lab – a provider of SaaS-based customer loyalty programme management tools. This is highly significant, I think. TIBCO has been on a bit of an acquisition streak in the past couple of years; but Loyalty Lab is different. Just as is the case with IBM, with its heritage in middleware infrastructure TIBCO is loathe to use the word ‘applications’ in describing its portfolio – but as they say: “if it looks like a duck, and quacks like a duck…” The acquisition of Loyalty Lab builds on the expertise and technology of Spotfire and BusinessEvents, but it also takes TIBCO to a very different place on the software industry map that gives it a revenue-generating SaaS business, and much more exposure to line-of-business executives, particularly in retail and CPG – but that also exposes it to potential uncertainty or confusion in its partner base.
2011 looks like being a really interesting year for TIBCO.
Posted in Analytics, Information Management, BPM