Tivoli Systems Inc. was founded in
Austin, Texas in 1989 by
Bob Fabbio and quickly joined by Peter Valdes, Todd Smith and Steve Marcie; all were former
IBM employees. Bob Fabbio in an interview indicated the purpose was to provide systems management on systems from a diverse set of vendors while at IBM he had been directed to focus on IBM products only. As an
independent software vendor Tivoli Systems developed and sold Tivoli Management Environment (TME) "
systems management"
software and
services. The then CEO
Frank Moss saw the company listed on
NASDAQ in March 1995 and the subsequent merger into IBM in 1996. At the start of 2002, Tivoli Systems Inc, became
Tivoli Software, a brand within IBM. IBM initially grew the software portfolio under the Tivoli brand through
development and
acquisition. IBM moved away from the Tivoli brand as exemplified by the explicit rebranding of Tivoli Storage Manager to IBM Spectrum Protect and the renaming of IBM Tivoli Workload Scheduler to IBM Workload Scheduler as of release 9.3. ==Market position==