Integration and analytics software company TIBCO is fortifying its ranks with the appointment of a new CEO. The California-based company announced this week it has selected Dan Streetman to lead TIBCO as chief executive officer.
Streetman begins work at TIBCO next Monday and is taking the seat of Murray Rode, who held the title of CEO for five years. Rode will be transitioning to vice chairman of TIBCO. Offering accolades for Rode, John Stalder, principal at Vista Equity Partners, said, “Over the past five years as CEO, Murray has sharply focused TIBCO’s product portfolio and streamlined the organization to create an industry-leading cloud and hybrid platform for digital business to position the company for accelerated growth.” Vista Equity Partners, a private equity firm based in Texas, acquired TIBCO in 2014 for $4.3 billion.
Streetman comes to the TIBCO team from BMC Software, where he served as executive vice president of sales and marketing. He has held roles at software companies including Salesforce, C3, Amdocs, and Siebel Systems. Before his entry into the tech sector, Streetman served in the military as an Airborne Ranger infantry officer in the U.S. Army after attending West Point. During his service, Streetman earned a Bronze Star and the General Douglas MacArthur Leadership Award.
“Dan brings a high level of energy and commitment to TIBCO that will ensure we continue to expand the reach and scale of TIBCO’s Connected Intelligence Cloud to deliver game-changing innovation to the market,” said Rode.
“We’re excited about the opportunities in front of TIBCO and are confident that Dan’s experience and expertise will ensure an even greater impact on its customers around the globe,” Stalder added.
This news comes just over a year after TIBCO appointed a new CTO and COO.
TIBCO demoed at FinovateAsia 2013, showcasing how banks can leverage their clients’ transactional data to gain insight into customer behavior. The company has completed a total of 25 acquisitions since it was founded in 1997; most recently buying up SnappyData for its high-performance in-memory data platform.