PALO ALTO, CA -- (Marketwired) -- 02/21/14 -- TIBCO Software Inc. (NASDAQ: TIBX) today announced that TIBCO Spotfire® has been recognized as the leader in the "High Growth" market segment in Dresner Advisory Services' 2013 Wisdom of Crowds® Small and Mid-Sized Enterprise Business Intelligence (BI) Market Study. TIBCO Spotfire was also named "Best in Class" for overall value, product, technical support, consultancy, and integrity.
The Wisdom of Crowds Small and Mid-Sized Enterprise BI Market Study is based on data collected for the annual Wisdom of Crowds flagship Business Intelligence (BI) study and highlights the specific BI usage patterns within organizations having between 1 and 1,000 employees. The report focuses on the specific characteristics, drivers, and trends unique to smaller enterprises, and provides an analysis of how these usage trends compare to the large enterprise market.
"Expectations for BI penetration at both small and mid-sized organizations in the coming 12 months are noticeably high. Small organizations expect the greatest (81-plus percent) penetration in the coming 36 months while mid-sized organizations expect middle digit overall penetration," said Howard Dresner, chief research officer, Dresner Advisory Services.
TIBCO Spotfire was ranked first out of four in the "High-Growth Business Intelligence" category. The category includes BI vendors who have achieved critical mass in the market and are growing at an extremely high rate -- well above the industry average.
"We are delighted to see TIBCO Spotfire rated as 'Best in Class' in the 'High Growth' segment. Spotfire provides powerful yet very easy-to-use analytics through cloud-based and on-premise delivery options, which serve the needs of small and mid-sized enterprise especially well," said Lou Jordano, senior director, product marketing, TIBCO. "The Dresner Advisory Services' Wisdom of Crowds survey offers independent validation of the value and importance of business intelligence to customers in the SME space."
About Dresner Advisory Services
Dresner Advisory Services was formed by Howard Dresner, an independent analyst, author, lecturer and business adviser. Dresner Advisory Services, LLC focuses on creating and sharing thought leadership for Business Intelligence (BI) and related areas.
TIBCO Software Inc. (NASDAQ: TIBX) is a global leader in infrastructure and business intelligence software. Whether it's optimizing inventory, cross-selling products, or averting crisis before it happens, TIBCO uniquely delivers the Two-Second Advantage® -- the ability to capture the right information at the right time and act on it preemptively for a competitive advantage. With a broad mix of innovative products and services, TIBCO is the strategic technology partner trusted by businesses around the world. Learn more about TIBCO at www.tibco.com.
TIBCO, Two-Second Advantage, Spotfire, and TIBCO Software are trademarks or registered trademarks of TIBCO Software Inc. or its subsidiaries in the United States and/or other countries. Wisdom of Crowds is a trademark or registered trademark of Dresner Advisory Services, LLC in the United States and/or other countries. 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.