Tibco bags OpenSpirit

Unexpected deal sees ownership move from Chevron, Paradigm, Shell and Schlumberger into hands of horizontal data integration specialist.

In a surprise move, Tibco Software has acquired upstream data integration specialist OpenSpirit from its shareholders, Chevron’s Technology Venture unit, Paradigm, Schlumberger and Kenda Capital (representing, inter alia, Shell and the Abu Dhabi Investment Authority). Terms of the deal were not disclosed. OpenSpirit evolved from a Shell/POSC (now Energistics) project to develop ‘business objects’ for the upstream. Today, the company provides integration technology to most major upstream data stores and applications to its 200 clients in 57 countries.

Tibco provides a real time data infrastructure to (mainly) the financial services industry but has dabbled in the upstream previously, notably with its 2003 Well Development Optimization package (Oil ITJ June 2003) and more recently with its May 2007 acquisition of the risk modeling toolset Spotfire and its DecisionSite offering. OpenSpirit’s CEO, Dan Piette, has joined TIBCO to lead the development of the oil and gas business. More from www.tibco.com.

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