TIBCO Software acquires Netrics

TIBCO Software has acquired Netrics, a privately-held provider of enterprise data matching software products for an undisclosed amount.

Netrics' data matching engine is a tool that eases the handling of duplicate, dirty or incomplete data records.

Its in-memory, algorithmic-based approach to learning from matches over time improves the efficacy of operations managing large volumes of streaming data.

Netrics' products are embeddable in existing software applications and business processes and can be used by anyone and everyone who accesses enterprise information: administrators, sales people, front-line personnel, even customers.

Netrics' technology will complement TIBCO's data governance, master data management and event-driven solutions.

Netrics' President and CEO, Stefanos Damianakis, has joined TIBCO to lead the development of this business.