BI News

Tibco Goes Private For $4.3 Billion

29 September, 2014

Tibco Goes Private For $4.3 Billion

Tibco Software announced today that equity firm Vista Equity Partners will take it private for about $4.3 billion.

Shareholders will receive $24 a share in cash, and the deal, which the shareholders must approve, includes the assumption of net debt.

The Palo Alto, Calif.-based company said its board of directors unanimously approved the sale after a “thorough review of strategic and financial alternatives.”

“As a private company, Tibco will have added flexibility to serve our customers and execute on our long-term strategy,” chairman/CEO and founder Vivek Ranadivé said in a statement.

Read full story

Related Articles

11 June, 2013

New Google Glass App For Your Business

Publication: Extended Results, Inc.


10 June, 2014

How Amazon Uses Big Data To Boost Its Performance

Publication: SmartData Collective


11 August, 2014

What You Missed In Big Data: Visualizing Knowledge

Publication: SiliconANGLE


9 September, 2014

MicroStrategy CEO Reduces Pay To $1 From $875,000 Following Criticism Of Stewardship

Publication: Washington Post


29 January, 2015

Big Data News Bulletin: The Stories You Can't Miss In Jan/Feb 2015

Publication: SmartData Collective


The BI Guru
Presented by