TIBCO acquires ObjectStar

By : |March 10, 2005 0

NEW DELHI: TIBCO Software Inc., an enabler of real-time business and an independent business integration software company, has announced that it has completed the acquisition of ObjectStar, a privately held native mainframe integration solutions provider.

“ObjectStar has made it possible for us to cost effectively integrate new applications with our legacy mainframe databases and processes,” said VP of technology, receivable management services at TIBCO Jerry Vincent. “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,” he added.

The acquisition of ObjectStar by TIBCO will enable it to compete more effectively with IBM in the native mainframe integration market. It would also broaden and enhance TIBCO’s mainframe integration solutions with ObjectStar’s native mainframe integration products. It is also expected to 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.

“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,” said TIBCO Software Inc. chairman and CEO, Vivek Ranadivé.

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