SOURCE: TIBCO Software Inc.

TIBCO Software Inc.

April 12, 2010 09:00 ET

Latest TIBCO Spotfire® Analytics Platform Takes Industry by Storm

TIBCO Spotfire® 3.1 Receives Global Recognition for Delivering Predictive Analytics to Business, Technical, or Scientific Users

SOMERVILLE, MA--(Marketwire - April 12, 2010) -  Just one month after launching TIBCO Spotfire® 3.1, TIBCO Software Inc. (NASDAQ: TIBX) today announced widespread industry momentum for the latest version of its in-memory analytics platform that makes predictive analytics accessible within Spotfire's visual user experience. Spotfire® 3.1 responds faster than BI and allows more flexibility than spreadsheets, equipping everyone in the enterprise -- whether in business, technical, or scientific roles -- to easily analyze complex data, customize their discovery experience, and share their story through mashups, portals, or interactive dashboards.

eWEEK, an award-winning leader for up-to-date, innovative technology information, has named TIBCO Spotfire® 3.1 as one of its "Products to Watch" for 2010. eWEEK distinguished Spotfire for allowing organizations to bring the power of the widely-adopted R language to the Spotfire platform "to perform advanced what-if analysis and sophisticated analytics." With this capability, editors noted that "decision-makers can use this insight to play out what-if scenarios as they develop business strategies." The IT Management "Products to Watch" article appears in the March 15, 2010 print edition of eWEEK and can be accessed on the publication's Web site at

"Spotfire's products have continuously delivered new ways to take advantage of the data flowing around our organization," said Andre Kooy, CEO at Quintus Consultants, a European consultancy firm that specializes in analytics. "TIBCO Spotfire 3.1 offers the kind of flexible, powerful, and extremely usable analytic experience that our business users depend upon, and we expect these new visualization capabilities and performance enhancements to keep us at the head of our market in helping our organization and our customers find more strategic insights in our data."

Commenting on the growing trend of predictive analytics and its accessibility to mainstream business users, BIScorecard Founder and Intelligent Enterprise Blogger Cindi Howson recently wrote a blog post entitled "Mainstream BI or Mainstream Predictive Analytics?(1)" that notes, "while 'mainstream BI' may still be more of a vision, this release of Spotfire [3.1] brings 'mainstream predictive analytics' one step closer to reality."

According to Howson, "In Spotfire 3.1, there are two new aspects that make predictive analytics more accessible to the final decision-makers. First, are parameters that allow a business user to select the variables that go into the model... Second, the business user can see the results of the model via an intuitive dashboard from within Spotfire. The R engine is still processing the model behind the scenes, but the results don't stay off to the side as is often the case today."

"This early recognition validates exactly what our customers are saying -- that Spotfire 3.1 is filling the 'analysis gap' that has forced so many business and technical professionals to resort to spreadsheets for their predictive analytic needs," said Lars Bauerle, vice president product strategy for Spotfire, TIBCO Software Inc. "No other vendor combines five key elements -- clarity of visualization, freedom of spreadsheets, relevance of applications, confidence of statistics, and reach of reports -- in a single user experience. Our continued momentum, along with this industry acknowledgment, is a clear indicator of the value Spotfire's technology delivers and its importance to our customers' top and bottom lines."

(1) BIScorecard, Mainstream BI or Mainstream Predictive Analytics?, Cindi Howson, March 12, 2010

About eWEEK:
eWEEK is the industry leader for strategic technology information, delivering breaking news, technology evaluations and strategic analysis of the technologies, platforms and trends important to enterprise-wide computing. eWEEK's award-winning journalists and lab analysts cover the most critical issues, trends, people and technologies affecting business. No other IT newsweekly delivers this level of enterprise focused news, views and reviews to help IT professionals make the right buying decisions.

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TIBCO Software Inc. (NASDAQ: TIBX) is a leading provider of enterprise analytics software for next generation business intelligence. TIBCO Spotfire products offer a visual and interactive experience that helps professionals quickly discover new and actionable insights in information. Distinguished by its speed to insight and adaptability to specific business challenges, Spotfire rapidly reveals unseen threats and new opportunities, creating significant economic value. Spotfire customers include industry leaders among the Global 2000 that have deployed Spotfire analytics to gain an information advantage over their competitors. For more information, visit

TIBCO, TIBCO Software, TIBCO Spotfire, and Spotfire are trademarks or registered trademarks of TIBCO Software Inc. or its subsidiaries in the United States and/or other countries. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.

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