Ping Identity and TIBCO Partner to Provide Advanced API Security Solutions

A just-announced partnership between TIBCO Software and Ping Identity will provide companies with new AI-powered defenses against emerging API threats. The collaboration will integrate TIBCO’s API Management Platform, TIBCO Cloud Mashery, with Ping Identity’s PingIntelligence for APIs to extend and enhance the platform’s API security with AI-enabled threat mitigation and decoy API deception.

TIBCO Cloud Mashery provides a wide variety of API security features including advanced authentication, bot detection, white and blacklisting, and access controls. The integration of PingIntelligence for APIs is designed to provide companies with a comprehensive API security solution that enables them to confidently pursue digital transformation goals and open banking initiatives.

Vice President for Product Marketing and Strategy for TIBCO Rajeev Kozhikkattathodi noted that the growing reliance on APIs can be a problem for companies that fail to take a standardized approach to securing data that is exposed by APIs. “As the API attack surface continues to expand due to the strategic value of APIs,” he said, “a new generation of threats will similarly continue to emerge. We’re excited to partner with Ping Identity to improve security measures for enterprises with sensitive corporate data.”

Ping Identity CTO Bernard Harguindeguy echoed Kozhikkattathodi’s emphasis on the connection between the opportunity and risk of the API Age. “Companies’ most sensitive digital assets, including their customer data, are increasingly made accessible via APIs, and protecting this infrastructure from abuses and cyber attacks must be the top priority for CISOs and CIOs everywhere,” Harguindeguy said. “Our partnership with TIBCO brings AI-powered protection to boost the security of API infrastructures and help organizations everywhere secure their data and applications behind APIs.”

TIBCO is a two-time veteran of our FinovateAsia conference, most recently demonstrating Innovative Payment Solutions for temporary, “in the moment” payment contexts at FinovateAsia 2013. In April of this year, the company appointed a new CEO, Dan Streetman, and in June, TIBCO introduced a set of enhancements to a variety of solutions – including TIBCO Cloud Mashery – to help developers negotiate common pain points in mixed cloud environments. Named a leader in iPaaS and hybrid integration platforms by Forrester for Q1 2019, the company is headquartered in Palo Alto, California.

Founded in 2003 and based in Denver, Colorado, Ping Identity demonstrated its PingFederate enterprise-grade authentication and single sign-on authority at FinovateEurope 2012. Earlier this month, the company unveiled a new framework and guidance to help companies adopt Zero Trust security strategies. In May, Ping Identity announced a partnership with Citrix Analytics and in March, the company was recognized at the 2019 SC Awards, winning the Best Identity Management Solution category. Ping Identity began the year noting that 12 of the biggest U.S. banks by assets use its Intelligent Identity Platform for identity and access management.

Both TIBCO and Ping Identity are recent acquisitions of Vista Equity Partners. TIBCO was taken private in 2014 in a deal valued at $4.3 billion. Ping Identity was purchased by the same Austin, Texas-based private equity firm in 2016 for $600 million.

Finovate Alumni News


  • Ping Identity and TIBCO Partner to Provide Advanced API Security Solutions

Around the web

  • ThetaRay wins the Software & Applications – Analytics category of the 2019 Fortress Cyber Security Awards.
  • Artivest appoints Karl Jaeger as Chief Financial Officer.
  • Arkansas Money & Politics features Finovate Best of Show winner Invest Sou Sou.
  • Beyond Protection highlights Enzoic in its list of top leading cyber security solution providers.
  • Onfido to help lead new identity verification and binding working group of The Fido Alliance.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

TIBCO Appoints New CEO

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.

Dan Streetman

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.

TIBCO Acquires Orchestra Networks

It’s the second acquisition this year for TIBCO. The integration and analytics software company announced this week that it purchased Orchestra Networks for an undisclosed amount.

“This is a very important acquisition for us, supporting our mission to create the world’s leading platform for digital business. Orchestra Networks will allow TIBCO to address our customers’ simple and complex master data and data asset management needs quickly and easily,” said Matt Quinn, chief operating officer, TIBCO.

Founded in 2000, Orchestra Networks specializes in master data management and data access management solutions, including EBX a solution that helps clients manage, govern, and share all master data, reference data, and metadata assets. The addition of the Paris-based company to TIBCO’s portfolio will help it expand its Connected Intelligence platform with data assets for operational and analytics processes.

“EBX, an industry-leading master data management solution, will be further amplified as part of the TIBCO Connected Intelligence Cloud. EBX customers will gain instant access to our leading integration and analytics capabilities for their data assets. Orchestra Networks brings an exceptional team that, with TIBCO, will continue to support their customers and partners,” said Quinn.

In the press release, Christophe Barriolade, co-founder and CEO of Orchestra Networks mentioned how the acquisition will boost EBX, saying that the company will support it on a “larger, more global scale while offering complementary API-led integration and AI-driven analytics capabilities” to Orchestra Network’s customers.

This is TIBCO’s 23rd acquisition since it was founded in 1997. TIBCO itself was acquired by Vista Equity Partners in 2014.

The company demoed at FinovateAsia 2013, showcasing how banks can leverage their clients’ transactional data to gain insight into customer behavior. At the beginning of this year, TIBCO made two C-level appointments, transitioning Matt Quinn to a new role as TIBCO’s COO and hiring Nelson Petracek as its new CTO.

Finovate Alumni News


  • Pindrop Advances into Smart Devices with $90 Million in Funding.

Around the web

  • iSignThis begins accepting customer deposits to its own issued International Bank Account Numbers (IBANs).
  • Personal Capital moves headquarters to Redwood Shores.
  • Signifyd opens EMEA headquarters in London to support its ecommerce fraud protection business in Europe.
  • Juvo expands across Asia with regional headquarters in Singapore.
  • Ondot announces new digital card services platform to support U.K. banks.
  • Lighter Capital provides NinjaCat $1.1 million.
  • R3’s new Corda App supports Ripple’s XRP.
  • Upserve (formerly Swipely) releases newest point-of-sale device, Upserve POS, now available for Android.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News


  • Xero Learn Sets Stage for Next Generation of Number Crunchers.
  • SynapseFI Raises $17 Million in New Funding.

Around the web

  • iSignthis acquires core banking platform software business.
  • HooYu teams up with U.K. casino operator, Bear Group.
  • United Bank of Egypt leverages technology from Finastra to upgrade its core banking infrastructure.
  • Ripple and TransferGo partner on real-time, blockchain-enabled remittances.
  • Striata inks partnership with UK-based customer communications specialist Communisis.
  • Experian to launch comparison service feature that gives consumers the real rate charged when applying for a credit card.
  • Tibco has started a research lab to develop new products and services in emerging areas such as blockchain, machine learning, artificial intelligence (AI) and the internet of things (IoT).
  • BeSmartee integrates with Fannie Mae’s Desktop Underwriter to Accelerate Mortgage Process.
  • Kasasa names Amy Gililland Chief Financial Officer.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alums Earn Spots on insideBIGDATA IMPACT 50 List

It is no surprise to see companies like NVIDIA, Intel, Dell EMC, and SAS at the top of the quarterly insideBIGDATA IMPACT 50 roster. But what caught our eye was the handful of Finovate alums that won recognition on insideBIGDATA’s review of companies that are “making waves in the technology areas of big data, data science, machine learning, AI, and deep learning.”

“Our in-box is filled each day with new announcements, commentaries, and insights about what’s driving the success of our industry so we’re in a unique position (to) publish our quarterly IMPACT 50 List of the most important movers and shakers in our industry,” Daniel D. Gutierrez, managing editor and resident data scientist of insideBIGDATA wrote in an article accompanying the announcement.

What does it take to make the list? Gutierrez explained that the roster consists of companies that “exhibit technology leadership, strength of offering, proven innovation, positivity of message, quality perception in the enterprise, intensity and frequency of social media buzz, high profile of members of the C-suite, and in the case of public companies: positive financial indicators and stock price, and so much more!”

Our five honored Finovate alums are below. To see the full list of 50 “DataTech” companies, visit insideBIGDATA.

#9 Google (Europe 2018, Fall 2011): Appearing first on the Finovate stage with its Google Advisor solution and as recently as this spring in partnership with KBC Bank Ireland, Google is in the top ten of insideBIGDATA’s Impact 50 list. Google needs little introduction as one of the companies that has done the most to bring the benefits of data to technology consumers via solutions like Search, Maps, Google Play, and its Chrome browser. Founded in 1998, Google is headquartered in Mountain View, California.

#14 Kinetica (Europe 2018, Fall 2017):  Founded in 2009 and headquartered in San Francisco, California, Kinetica enables financial institutions to conduct on-demand risk calculations using the most up-to-date data with “sub-second speed.” High frequency trading firms and traditional asset managers alike can leverage Kinetica’s technology to measure risk, identify customer behavioral patterns, and locate up-sell opportunities. With $63 million in funding, Kinetica includes fellow insideBIGDATA Impact 50 members Dell EMC, NVIDIA, and Google Cloud Platform among its partners.

#15 MapD (Spring 2017, Fall 2016): Developer of the world’s fastest open source SQL engine, MapD harnesses GPUs to deliver extreme speed at scale. Based in San Francisco, MapD provides users with powerful data visualizations made possible by the technology’s ability to query and render billions of rows of data in milliseconds. MapD’s technology originated from research conducted at the MIT Computer Science and Artificial Intelligence Laboratory (CSAIL). Todd Mostak is CEO of the company, which was founded in 2013.

#40 Narrative Science (Fall 2013, Spring 2013): Specialists in Advanced Natural Language Processing (NLP), Narrative Science builds solutions that enable financial institutions to analyze, understand, communicate, and act upon their data quickly and efficiently. The company’s technology can turn ordinary numeric and symbolic data and visualizations into “intelligent narratives” that express insights and context in language that is indistinguishable from that of a human author. Headquartered in Chicago, Illinois, and founded in 2010, Narrative Science has raised more than $43 million in funding. Stuart Frankel is CEO.

#46 TIBCO (Asia 2013, Asia 2012): Founded in 1997 and headquartered in Palo Alto, California, TIBCO is a leader in integration, API management, and analytics. The company’s TIBCO Connected Intelligence Cloud gives enterprise users access to a unified suite of services including the company’s low-code development platform, TIBCO Cloud Live Apps. The company was acquired by Vista Equity Partners in September 2014 in a deal valued at $4.3 billion. TIBCO made headlines earlier this year with the appointment of a new CTO and COO.

TIBCO Introduces New CTO and COO

Big moves at the top for TIBCO. The company’s CTO Matt Quinn will transition to a new role as TIBCO’s Chief Operating Officer as the firm taps Nelson Petracek as its new Chief Technology Officer. In a press release, the company contextualized the move as part of its effort to “ramp up” its TIBCO Connected Intelligence Cloud, which Quinn will oversee.

“Our customer-first mindset is one of the many reasons I’m proud to be part of the TIBCO team,” Quinn said. “When customers choose TIBCO, I want to ensure that they receive a high-performing service that propels the growth of their businesses. I am excited to continue expanding and innovating to meet every customer need.”

Quinn joined TIBCO as a developer in 1997, became CTO in 2010 and was appointed EVP in 2014, which gave him responsibility for product engineering and support. He was educated at RMIT University, earning a Bachelor degree in Computer Science and a Masters in Applied Technology, IT.

An 11-year TIBCO veteran, Petracek transitions to CTO after leading the Strategic Enablement Group, which pursued innovative technologies such as low-code applications, the blockchain, and natural language processing. Petracek came to TIBCO from Informatica Corporation’s Emerging Technologies business unit where he served as Senior Director. He has a degree in Computational Science from the University of Saskatchewan. TIBCO CEO Murray Rode praised Petracek for his “deep, technical knowledge and broad customer relationships.”

“I’m honored to be part of such a forward-thinking company,” Petracek said. “Working at the forefront of technology innovation and serving the dual needs of our corporate strategy and customer advocacy, I’m excited to help craft TIBCO’s technology strategy as we continue to build valuable tools for businesses.”

Ranked #1 in Dresner Advisory Services 2018 Location Intelligence Market Study and named a leader in Enterprise Data Virtualization by Forrester Research, TIBCO announced a partnership with Singapore Polytechnic in January to support local engineering SMEs. An active acquirer, TIBCO purchased Cisco’s data visualization business and acquired data science and social collaboration platform Alpine Data last fall. TIBCO itself was acquired by Vista Equity Partners in 2013, one year after the company made its Finovate debut at FinovateAsia 2013. At the conference, TIBCO demonstrated its Innovative Payment Solutions technology which enables merchants and banks to gain analytic insights from customer transactions without requiring the customer to provide any other significant, personal financial information.

Finovate Alumni News


  • Payfone Receives $23 Million in Funding from Synchrony Financial.
  • Clinc Tops $4.5 Million in Annual Revenue; Hires Helen Yu as Chief Growth Officer.
  • Payworks Completes $14.5 Million Series B Round.
  • Bankjoy Brings New Online and Mobile Banking System to SafeAmerica Credit Union.
  • Placecast Acquired by Ericsson’s Emodo.

Around the web

  • GreenKey Technologies to release its voice API through OpenFin’s plugin architecture
  • TipRanks offers stock tracking tool to manage investments and maximize returns.
  • Worldline selects VMware to accelerate innovation and time to market.
  • Japanese personal care company selects Top Image Systems’ eFLOW Extract accounts payable solution.
  • Kestra Financial to offer eMoney Advisor’s financial planning platform to its advisors.
  • TIBCO ranked first in Dresner Advisory Services 2018 Location Intelligence Market Study.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News


  • Moven Enterprise Launches in Japan, Lands $23 Million from SBI Holdings.
  • nCino Reels in Investment from SalesForce Ventures.
  • London-based lender EZBOB Raises $21 Million in New Funding.
  • Bitbond Launches Alternative Investment Fund in Partnership with 1741 Fund Management.

Around the web

  • TIBCO appoints Matt Quinn as COO, Nelson Petracek as CTO.
  • Revolut launches ability to buy, hold, & sell Bitcoin, Litecoin, & Ethereum in just 30 seconds directly from the app.
  • KIVA Group team with MX to offer AFCU members mobile banking app.
  • UK technology retailer Maplin integrates Klarna’s pay later option.
  • Ephesoft appoints Russ Hubbard as Chief Revenue Officer.
  • PayNearMe partners with Ria to make paying for international money transfers easier.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.