Developers can embed Jaspersoft's BI software into their own products to provide reports, dashboards and analytics. It is offered as a service on Amazon Web Service.
Tibco officials said the commercial open source model, product roadmap and subscription-based pricing used by Jaspersoft will continue.
"The continuation of Jaspersoft's open source mission, business model, technology, market presence, and brand - now as part of Tibco - will allow us to deliver an even better business analytics toolset for the largest customer audience. We look forward to this next step in our journey," said Jaspersoft CEO Brian Gentile.
Tibco COO Murray Rode said "Tibco's broader business strategy is to continue to expand our go-to-market model with a wider range of pricing, packaging and deployment options.
"The acquisition of Jaspersoft accelerates this strategy as it brings a subscription pricing approach for its commercial products along with a set of open source offerings."