Tibco provided the Sacramento Kings with approximately $400,000 worth of software and technology services last year.

Tibco is also owned by Vivek Ranadive.

The Kings' new smartphone app was designed by Tibco, but it is unclear what else was provided by the company.

In exchange for Tibco’s technology, the Kings gave the team signage at Sleep Train Arena, sponsorship opportunities and other “promotional and marketing rights,” the company said.

Tibco reported revenue of $1.07 billion in 2013.