Tibco's Acquisition Adds Master Data Management Capabilities
Tibco Software has added master data management software to its product portfolio with its recent acquisition of Velosel Corporation’s technology. This adds to Tibco’s software solutions for consumer goods manufacturers, wholesale distribution and retailers, and enables management of critical master data within the enterprise and across the supply chain. In a recent report, which commented on Tibco’s technology acquisition, Forrester Research wrote it had ‘witnessed an increasing need to manage product master data at a strategic level within the enterprise’ and that many retailers and consumer goods manufacturers ‘desire a platform that supports product master data management and product-centric process integration’. Tibco says it has responded to these customer requirements with the acquisition of Velosel’s technology and core team to offer a single master data management platform that is business process-centric, provides real-time integration of information with enterprise systems, and supports cross-enterprise collaboration initiatives.