PALO ALTO, CA -- (Marketwired) -- 03/21/14 -- TIBCO Software Inc. (NASDAQ: TIBX) today announced that tibbr® has been recognized by Frost & Sullivan as the 2013 Global Growth Excellence Leadership Award winner in enterprise social networking.
In a market dense with myriad collaboration tools, tibbr was recognized for achieving the highest annual compound growth rate in new users for the past three years. Frost & Sullivan highlighted three factors as key performance drivers contributing to customer acquisition growth, including:
"tibbr invests in equipping customers with the tools to best connect people, data and applications in one collaborative experience, and its outstanding growth attests to its leadership in meeting key customer needs," said Robert Arnold, principal analyst at Frost & Sullivan.
Since launching in 2011, tibbr has amassed more than 6.8 million paying corporate users, with companies such as Schneider Electric, Thomson Reuters and Yellow Pages Group using tibbr as their collaboration platform. More than 65 percent of tibbr customers are net new accounts for TIBCO, which demonstrates the tibbr platform's effectiveness in enabling TIBCO to reach an entirely new set of users and penetrate new markets.
"Last year was an exciting year for tibbr. We quintupled our growth and had the pleasure of beginning work with some of the most important global businesses," said Leandro Perez, director, product marketing - social computing, TIBCO.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.
With millions of paid users in more than 100 countries, tibbr is the enterprise social networking platform that is revolutionizing the way we work, collaborate, learn and share. tibbr connects people, applications and data in context in an entirely personal way. tibbr brings together what matters -- to individuals or groups -- to get work done better, faster. It's an open, intensely flexible platform that can be delivered on premise or in the cloud. Learn more about tibbr at www.tibbr.com.
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, TIBCO Software, tibbr, and Two-Second Advantage 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.