TIBCO Software Inc., announced that it is purchasing Jaspersoft, a business intelligence and data integration software provider that has been growing in popularity and may help TIBCO entice a broader range of customers.

Jaspersoft offered a range of subscription-based and open-source products, which could be low-cost. On the other hand, the latest Gartner Magic Quadrant for BI and analytics faulted TIBCO for high-cost software. TIBCO has said it does not plan to change anything about the pricing model for Jaspersoft products.

In a press release, Murray Rode, chief operating officer at TIBCO, said he expects the Jaspersoft products to allow the company to attract a greater number of users, including more price-conscious organizations that may have avoided TIBCO products in the past.