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Tibco Software acquires Objectstar news
Our Infotech Bureau
11 March 2005

Mumbai: TIBCO Software Inc. (NASDAQ: TIBX), a leading enabler of real-time business and the world's largest independent business integration software company, has announced its acquisition of ObjectStar, a privately held native mainframe integration solutions provider enabling enterprises to obtain real-time, global access to customer data and associated business processes.

Announcing this, Jerry Vincent, vice president of technology, receivable management services, announced, "With the acquisition of ObjectStar, TIBCO will be able to provide a leading, cost-effective solution for integrating applications on the mainframe. Companies will be able to fully extend business automation across the enterprise for all data, regardless of its source."
"ObjectStar has made it possible for us to cost effectively integrate new applications with our legacy mainframe databases and processes," he also said.

The acquisition of ObjectStar by TIBCO will:

  • Enable TIBCO to compete more effectively with IBM in the native mainframe integration market.
  • Provide customers with a wider selection of mainframe connectivity options. The addition of native integration capabilities for CA-IDMS, ADABAS, and Model 204 databases will enrich TIBCO product offerings in the Financial Services and Government vertical markets.
  • Broaden and enhance TIBCO's mainframe integration solutions with ObjectStar's native mainframe integration products.

META Group's vice president, Dan Sholler, commenting on the acquisition said, "Most large organisations have mainframe systems that support business critical applications. These are not legacy systems, but are being actively developed and must be integrated with the rest of the application portfolion. Integration systems must be extended to give organizations the flexibility to deploy it in the most efficient fashion, and do so on any technology platform that is actively used in the enterprise."

"The combination of TIBCO's existing mainframe integration technology and ObjectStar's native mainframe integration technologies further enhances our real-time business infrastructure offering and positions us to more effectively compete with IBM in this important market," explains Vivek Ranadivé, chairman and CEO, TIBCO Software Inc.

 


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Tibco Software acquires Objectstar