Tibco Software’s lack of traction in cloud computing is a prime reason the enterprise software company will likely wind up in the hands of a private equity firm rather than being bought by a larger software company such as Oracle or SAP, some analysts say. Tibco (TIBX), a leading provider of infrastructure software, early Monday announced it had agreed to be sold for $4.3 billion, or $24 a share, to Vista Equity Partners, a private equity firm
Tibco Software (TIBX) is taking a boatload of cash to leave the public market. The maker of software designed to help with business intelligence, data analytics and infrastructure said early Monday that it has agreed to be acquired by Vista Equity Partners for $4.3 billion, or 24 a share. That’s 23% above Tibco stock’s Friday closing price of 19.51. But as recently as January, Tibco traded above 24. Tibco stock hit its post-bubble high of 34 in
A news report Wednesday that two private equity firms are seriously considering snapping up Tibco Software (TIBX) could have been leaked intentionally to drum up more interest in the troubled enterprise software company. That’s the contention of Steve Koenig, an analyst for Wedbush Securities, in a report late Wednesday after the Reuters story surfaced that Vista Equity Partners and Thoma Bravo are among a small group of private equity firms