The FINANCIAL -- TIBCO Software Inc. (NASDAQ: TIBX) on February 2 announced that TIBCO Spotfire has been positioned in the Challengers quadrant in Gartner, Inc.'s recently released Business Intelligence Platforms 2010 Magic Quadrant.1 Vendors were evaluated based on their completeness of vision and ability to execute.

According to Gartner, "The market for BI platforms will remain one of the fastest growing software markets despite the economic downturn. In tough economic times, when competitiveness depends on the optimization of strategy and execution, organizations continue to turn to BI as a vital tool for smarter, more agile and efficient business." The TIBCO Spotfire Analytics Platform enables every user in the enterprise to gain more insights from the data they work with every day.

"Unlike traditional BI, our analytics platform is more relevant to business processes, provides real self-service capabilities, and delivers clarity and understanding of information at much greater speed and satisfaction. There is a better and smarter way to get answers and it's being recognized," said Lars Bauerle, vice president of product strategy at TIBCO Spotfire. "It's clear that not only our customers, but the market as a whole, are embracing Spotfire Analytics - where everyone is equipped to discover new insights - based on in-memory analytics, interactive visualization, and instant deployment of predictive and event-driven analytic applications."

Before TIBCO Spotfire, the ability for business professionals to discover insights in the information they work with daily was limited by backlogs for static reports from BI systems or by ubiquitous and overwhelming spreadsheets. With TIBCO Spotfire, enterprises can eliminate these issues by using the extensive customization capabilities to make analysis a part of any business process, then broadcast personalized and updated data to information consumers automatically.

The "Magic Quadrant for Business Intelligence Platforms" report is available for purchase directly from Gartner.

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