Contact Information: Media Relations Contact: Holly Burkhart TIBCO Software Inc. (650) 846-5624 hburkhart@tibco.com Investor Relations Contact: Matthew Langdon TIBCO Software Inc. (650) 846-5387 mlangdon@tibco.com
TIBCO Software Acquires DataSynapse
| Source: TIBCO Software Inc.
PALO ALTO, CA--(Marketwire - August 24, 2009) - TIBCO Software Inc. (NASDAQ : TIBX ) today
announced that it has acquired privately-held DataSynapse, Inc. in a cash
transaction valued at approximately $28 million. DataSynapse is a leader in
enterprise grid and cloud computing software with a strong roster of more
than 100 Financial Services and Telecommunications clients and a proven
reputation for world-class technology.
DataSynapse products provision and manage applications across physical,
virtual and cloud-based environments. Customer benefits include improved
utilization of data center resources, lower IT capital expenditures,
reduced time to deployment of enterprise applications, and increased
performance of mission-critical systems. The acquisition will complement
TIBCO's strategy and products for distributed software infrastructure and
cloud computing.
DataSynapse co-founders, Peter Lee and Jamie Bernardin, will join the TIBCO
management team and continue to lead the growth and development of the
DataSynapse business.
About TIBCO
TIBCO's technology digitized Wall Street in the '80s with event-driven
"Information Bus" software, which helped make real-time business a
strategic differentiator in the '90s. Today, TIBCO's infrastructure
software gives customers the ability to constantly innovate by connecting
applications and data in a service-oriented architecture, streamlining
activities through business process management, and giving people the
information and intelligence tools they need to make faster and smarter
decisions, what we call The Power of Now®. TIBCO serves more than 3,000
customers around the world with offices in more than 20 countries and an
ecosystem of over 200 partners. Learn more at www.tibco.com.
TIBCO, The Power of Now, DataSynapse and TIBCO Software are trademarks or
registered trademarks of TIBCO Software Inc. or its subsidiaries in the
United States and/or other countries.