Software vendor Tibco's purchase of embedded business intelligence and reporting software supplier Jaspersoft will not to change the company, according to Jaspersoft CEO Brian Gentile.
Tibco announced that it would buy Jaspersoft for $185m (£110m) two weeks ago, and Gentile was keen to emphasise that unlike many acquisitions in the technology sector, this was purely about Tibco "liking everything that Jaspersoft does".
"You see it a lot of the time, companies taking the good parts and throwing the rest of it away, but this is about complementing Tibco's business," he told Computing.
Gentile explained that Jaspersoft's products would be integrated into Tibco's traditional infrastructure business, and with Spotfire, the analytics software that Tibco acquired in 2007.
"[The integration with Spotfire] is going to be equally as positive [as the traditional integration], but it is going to take more time for us to be really specific about because it deserves that specificity - it's a level of detail that we don't have yet but over the next few months we'll have a lot more insight about integration across Tibco," he said.
Jaspersoft will be run as a product group within TIBCO, that will be slowly integrated into the business, Gentile said. He added that Jaspersoft's licence mechanisms, subscription software and open source community all remain unchanged.
"Customers are interested to know that their investment in their subscription contract will be consistent, and it will be," he stated.
There are no changes to personnel within Jaspersoft and all of its offices will remain open including its European headquarters in Ireland.
Gentile will now be the general manager of the Jaspersoft product group and report to Tibco COO Murray Rode.
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