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PALO ALTO, CA -- (Marketwired) -- 08/25/15 -- TIBCO Software Inc., a global leader in integration, analytics, and event processing, today announced it will acquire Mashery, the industry leader in Application Programming Interface (API) management. The transaction is expected to close in the coming weeks.

With this acquisition, TIBCO expands its API management solutions to help enterprises transform into digital businesses, integrate more channels for new services and experiences, and empower developers to accelerate innovation.

"Mashery powers many of the most effective API automation solutions in production today," said Murray Rode, CEO, TIBCO. "By strengthening TIBCO's leading integration technologies with Mashery's leading API management, we enable customers to build, scale, and monetize a new class of applications. Our advanced software solutions help companies rapidly transform into digital businesses that are omni-channel, hyper-connected, and real time. We're excited to have Mashery as part of TIBCO and welcome its customers to the TIBCO family."

Established in 2006, Mashery pioneered API management. The company was founded to help customers take advantage of APIs to build new revenue channels, speed time to market, and spur innovation. Mashery's unique multi-tenant SaaS platform powers the APIs of more than 200 top brands.

"With Mashery, we continue to invest in the core of our Fast Data platform, augmenting our key integration capabilities and broader cloud strategy," said Matt Quinn, CTO and EVP, Products and Technology, TIBCO. "We believe APIs are an important part of our vision because they sit at the nexus of technology trends such as cloud, mobility, and the Internet of Things."

TIBCO expects API management to be an ongoing area of focus and investment.

• Mashery's offering will be named TIBCO Mashery and will become TIBCO's API management offering.
• TIBCO will continue to support its TIBCO® API Exchange products for existing customers.
• TIBCO will combine TIBCO® API Exchange Gateway with Mashery and name the combined API management solution TIBCO Mashery.

"APIs will be everywhere, and their use will rapidly increase in future applications," wrote Paolo Malinverno, Research VP, Gartner Inc.(1)

About TIBCO
TIBCO Software empowers executives, developers, and business users with Fast Data solutions that make the right data available in real time for faster answers, better decisions, and smarter action. Over the past 15 years, thousands of businesses across the globe have relied on TIBCO technology to integrate their applications and ecosystem, analyze their data, and create real-time solutions. Learn how TIBCO turns data -- big or small -- into differentiation at www.tibco.com.

TIBCO, the TIBCO logo, and TIBCO Software are trademarks or registered trademarks of TIBCO Software Inc. and/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.

(1) Gartner, Basic API Management Will Grow Into Application Services Governance, October 28, 2014