Tibco CEO hails healthy symbiosis with Reuters

Despite claiming his company was at the 'boring' back end of ecommerce, Renadive said content is still the king of the internet and it is in his company's interests to be linked with the media giant.

He said: "Tibco has always had an independent board and now it is an independent public company. But content is very strategic to what we do. So from our perspective, we like to have Reuters as the large shareholder that they are, and as a strategic partner for as long as I can see."

The comments follow the words of Peter Job, the outgoing CEO of Reuters, last November, who contested the reliance on content per se, but supported Renadive's claim that Reuters and Tibco need each other to survive.

He said: "The whole point of information is that it enlivens applications. You must have software to ally to information - you can't just be a content provider, we think that's completely wrong."

Reuters currently holds a 60 per cent stake in Tibco, who claims to be the market leader in ecommerce integration services.

Renadive explained how Tibco has gained a dominant position because its competitors relied on third party components and because its products gave customers the flexibility to respond to orders instantly.

He said: "IBM gets pieces from other people so they don't have the complete solution. We have the complete solution. As needs become real time, differentiation gets greater. We are the only company who has a solution which can operate in real time."