Stephen Simpson, CFA
Stephen Simpson, CFA
Sep. 29, 2014, 7:42 AM
- Tibco (NASDAQ:TIBX) owners will receive $24 per share in cash, or roughly a 26% premium to the price a few days back before it was reported a number of P-E firms were bidding for the company. Tibco closed at $19.51 on Friday.
- The deal is expected to close in Q4.
- Previously: Tibco flies higher on reported P-E interest
Sep. 24, 2014, 3:37 PM
- Private equity firms Vista and Thoma Bravo are reportedly vying to buy Tibco Software (TIBX +7.6%)
- Previously: Tibco +6% AH; strategic review officially launched
Sep. 10, 2014, 2:49 PM
- CEO Meg Whitman says Hewlett-Packard (HPQ +0.5%) is again in a position to consider takeover options, a near-record cash pile gives it the means to do a deal and the worst sales forecast among computer hardware peers provides the motivation, so Bloomberg begins speculating about possible targets.
- One possible candidate is cybersecurity firm Imperva (IMPV +8.2%), particularly in the wake if the hacking of J.P. Morgan, Home Depot and celebrities’ phones; “H-P could definitely buy them and it would make some sense," Sterne Agee's Robert Breza says.
- Teradata (TDC -1.7%) has more of an “old-school” approach to big-data management but H-P could use it as a platform to make other acquisitions and build out its own offerings, HighMark Capital's Todd Lowenstein says.
- Tibco Software (TIBX -0.1%) is now reviewing its strategic options, and Morningstar's Peter Wahlstrom thinks it could draw H-P's interest.
Sep. 3, 2014, 4:16 PM
- Tibco's (NASDAQ:TIBX) board has approved "a review of a variety of strategic and financial alternatives available to the Company through the formation of a Special Committee of independent directors."
- The WSJ reported in August the middleware/analytics software vendor is reaching out to potential buyers. Activist Praesidium Investment has suggested Tibco should put itself on the block.
- Separately, Tibco has announced its FQ3 report will arrive on Sep. 18.
Aug. 14, 2014, 1:30 PM
- Though Morgan Stanley's sum-of-the-parts analysis for Tibco (TIBX -1.5%) suggests "15-20% potential upside," the firm is staying on the sidelines given "execution challenges and low probability of an event," says analyst Keith Weiss, reiterating an Equal-Weight.
- Tibco jumped last week after the WSJ reported the company is reaching out to P-E firms and other potential buyers. The company recently amended its change-of-control and severance packages for execs to give them bigger payouts in the event of an acquisition.
Aug. 6, 2014, 2:26 PM
- Dow Jones reports Tibco (TIBX +5.8%) is reaching out to potential buyers. Shares have spiked in response.
- SAP was at one point rumored to be interested in the middleware/analytics software vendor, which has had a rough year to date. But SAP has since declared it's not looking to make a large acquisition.
- Activist investor Praesidium Investment disclosed a stake in Tibco in June, and said it would share its views on the company with "potential acquirers."
May 27, 2014, 10:08 AM
- Germany's Der Aktionär reports SAP (SAP +2.1%) might be looking to acquire Tibco (TIBX +5.5%). The latter's shares have jumped in response.
- Buying Tibco would strengthen SAP's middleware offerings - IBM/Oracle have a big chunk of the market - and also provide it with an analytics/data visualization platform (Spotfire) to complement its Hana in-memory database.
- But an acquisition price would likely be north of $4B, and Spotfire has been struggling lately amid tough competition from Tableau and others.
- On Twitter, Germantrader suggests taking the report cautiously, calling it "guesswork" and stating Der Aktionär "is not trusted in Germany."
- SAP has suggested it could make some large deals, as cloud competition pressures its on-premise software license sales. Recent purchases include marketing software firm SeeWhy and labor-management software firm Fieldglass.
Apr. 28, 2014, 5:12 PM
- Tibco (TIBX) has acquired Jaspersoft, a developer of open-source business intelligence software that can be embedded within 3rd-party apps, for $185M in cash. The deal is expected to be neutral to Tibco's FY14 (ends Nov. '14) EPS.
- Tibco argues Jaspersoft's offerings complements its Spotfire BI platform, which is more focused on advanced standalone data discovery and analytics. Jaspersoft claims 2K+ commercial clients and 140K+ production deployments.
- Jaspersoft competes to an extent with Spotfire rival Tableau (DATA), whose data visualization/analytics platform (causing headaches for traditional BI vendors such as IBM and SAP) has embedded capabilities. Whereas Spotfire has struggled in recent quarters, Tableau posted 93% Y/Y Q4 license growth.
Jun. 11, 2013, 11:23 AM
Tibco (TIBX +0.6%) tries to strengthen its middleware hand relative to IBM and Oracle by acquiring StreamBase Systems, a developer of software that processes and streams huge quantities of business data sent between apps in real-time. Tibco notes StreamBase's software is especially useful to financial clients (Tibco's biggest vertical), and says it complements the company's BusinessEvents and BusinessEvents Extreme middleware offerings. (other Tibco purchases: Maporama, LogLogic)| Jun. 11, 2013, 11:23 AM
Mar. 25, 2013, 2:45 PM
Tibco (TIBX -3.4%) is acquiring Maporama Solutions, a provider of analytics software for location/geospatial data. Maporama's products include map-based tools for visualizing, processing, searching, and publishing business data. Tibco points out they complement its Spotfire analytics platform, and claims 80% of business data has a "location component."| Mar. 25, 2013, 2:45 PM
Feb. 1, 2013, 3:39 PMIBM resumes its analytics M&A spree, snapping up startup Star Analytics for an undisclosed sum. Star's software, which handles data warehousing tasks for Oracle apps and automates the sharing of information between business apps in general, complements IBM's data integration, middleware, and business intelligence offerings, and could help it better compete against Informatica (INFA) and Tibco (TIBX). (PR) | Feb. 1, 2013, 3:39 PM
Aug. 7, 2012, 6:59 PM
VMware (VMW) is buying Log Insight, a product that delivers real-time analysis of machine data, from startup Pattern Insight. The purchase makes VMware a rival to Splunk (SPLK), the current leader in this space, and perhaps also Tibco (TIBX), which bought a log data hardware/software firm in April. Last month, it was reported VMware and parent EMC are thinking of spinning off their cloud services and big data assets into a separate company. (VMware/Cetas)| Aug. 7, 2012, 6:59 PM
Jun. 27, 2012, 4:51 PM
Red Hat (RHT) is acquiring Progress Software's (PRGS) FuseSource business, which provides open-source middleware tools, for an undisclosed sum. The acquisition is the latest example of Red Hat's efforts to build an app infrastructure platform that runs on Linux, and is based on open-source software. FuseSource competes with middleware market leaders IBM, ORCL, and TIBX. (PR)| Jun. 27, 2012, 4:51 PM
Apr. 13, 2012, 12:35 PM
In a bid to expand its operational intelligence offerings, Tibco Software (TIBX +1%) pays $130M to acquire LogLogic, a privately held company that produces scalable log and security management platforms specifically designed for the enterprise and cloud.| Apr. 13, 2012, 12:35 PM
Apr. 4, 2012, 3:55 PM
Apr. 3, 2012, 6:06 PM
Tibco (TIBX), which just got a favorable mention from Jefferies, announces it's acquiring LogLogic, a developer of log data and security intelligence hardware and software for enterprises and cloud environments, for an undisclosed sum. Tibco says it will integrate LogLogic's products with its own operational intelligence software.| Apr. 3, 2012, 6:06 PM | 1 Comment