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)
More on Splunk: Though other big data software names sport high valuations, it looks as if Splunk's takes the cake. The company has a market cap of $2.97B, which means it trades at 24.6x its FY12 (ended Jan. 31) revenue of $120.9M (+82% Y/Y). No P/E exists, since Splunk had a net loss of $11M. For reference, Tibco (TIBX) trades at 5.8x sales, Informatica (INFA) at 7x, and Qlik Technologies (QLIK) at 8x. SPLK +88.8%. (S-1)
Tibco (TIBX) -1.5% AH after announcing a $500M offering for convertible notes due 2032. The software vendor intends to use $150M of the proceeds to repurchase shares, another $150M to pay down credit facility borrowings, and the remaining $200M for "general corporate purposes." (PR)
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.
IBM bolstered its top position in the $19.4B middleware market in 2011, says Gartner: the 12.4% growth seen by IBM's middleware business outpaced the 9.9% growth seen by the overall market, and resulted in its share increasing to 32.1%. IBM has been investing heavily in its WebSphere middleware line, as demand picks up for solutions that enable business apps to exchange info in real-time. Other key market players include TIBX, PRGS, and ORCL.
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.
Though high expectations for the big data/analytics software market (not to mention M&A speculation) have led to steep valuations for the likes of Tibco (TIBX), Informatica (INFA), Qlik (QLIK), and Teradata (TDC), Jefferies' Aaron Schwartz thinks they have room to run, given exponential growth in the unstructured data that big data projects attempt to sort through. Tibco is Schwartz's favorite name - he praises the capabilities of its Spotfire analytics platform. (previously)
In spite of beating FQ1 estimates and announcing a $300M stock buyback, Tibco (TIBX -5.6%) is selling off, thanks to the richly-valued middleware maker's guidance for FQ2 revenue of $240M-$244M and EPS of $0.22-$0.23 (consensus is for $242.2M and $0.23). UBS (Buy) is staying positive: it likes the increase seen in Tibco's average deal size, and expects its huge sales investments to pay off in 2H. (transcript)
More on TIBCO Software (TIBX): FQ1 beats on both EPS and revenue on a record jump in profit growth. Earnings rose by 21% Y/Y, helped by gains across virtually all major business segments. Additionally, the company announced a new $300M stock repurchase program. Shares -1.4% AH.
$TIBX Tibco Buyout Is In Near Future Especially With New Activists Investors, Board Members & Management Like Todd Bradley From HP $HPQ $SAP
Jul 25, 9:53 AM
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TIBCO Software Inc. provides infrastructure and business intelligence software. Its software platform enables customers to create flexible, event-driven applications and deliver real-time, actionable insights.