TECH SUPPLIER Jul 2019 - Market Note - Doc # AP45346619
TIBCO Acquired Master Data Management Solution for Enabling "Compelling" Financial Services Customer Experience
The acquisition of Orchestra Networks by TIBCO Software Inc. at the end of 2018 was not only a market change, but also indicates the trends in customer centricity and data management technology markets. This Market Note highlights key points from the acquisition regarding to TIBCO, Orchestra Networks, and technology market. IDC Financial Insights also put notes for some following trends in the two markets, especially for Asia/Pacific financial services industry. "The acquisition indicated the critical role of a master data management (MDM) solution in order to interconnect applications or systems for enabling compelling financial services customer experience," says Handojo Triyanto, IDC Financial Insights senior research manager.