The acquisition will expand TIBCO's operational intelligence offerings while providing customers the ability to proactively monitor real-time events, assess risks, and address 21st century threats and opportunities.
Enterprises must be able to analyze Big Data, including machine data generated from across their various systems, to gain comprehensive, real-time insights into critical business questions relating to compliance, security and operations. LogLogic will build upon TIBCO’s proven capabilities in event processing and in-memory analytics.
More than 1,000 companies worldwide across all major sectors entrust their most sensitive IT data to LogLogic's award-winning products. Examples include Astrium, The Body Shop, Cerner, EADS, Plantronics, The United States National Archives and Records Administration, University of Manitoba, and many others.
The deal might just make right sense specially given the the fact that TIBCO has to scale up to the needs of Big Data and related analytics. This intent or confirmation comes within days of TIBCO Spotfire®, its business intelligence and analytics platform that has been authenticated by Attivio to be able to present, analyze, access and leverage AIE's AI-SQL capabilities to provide data visualization, enhanced analytics of unstructured content and intuitive search and discovery, all in the same dashboard.
The transaction was approved by the board of directors of each company. Additional terms of the transaction were not disclosed. The transaction remains subject to customary conditions and is expected to close in the second quarter of TIBCO’s fiscal year 2012.