Re> PALO ALTO, Calif., March 9 /PRNewswire-FirstCall. See more news releases in Computer Electronics | Computer Software | Banking & Financial Services | Acquisitions, Mergers and Takeovers TIBCO Software Inc.
Acquires ObjectStar PALO ALTO, Calif., March 9 /PRNewswire-FirstCall/ -- TIBCO Software Inc. (Nasdaq: TIBX), a leading enabler of real-time business and the world's largest independent business integration software company, today announced that it has completed the acquisition of ObjectStar, a privately held native mainframe integration solutions provider. "ObjectStar has made it possible for us to cost effectively integrate new applications with our legacy mainframe databases and processes," said Jerry Vincent, vice president of Technology, Receivable Management Services.
Featured Video Journalists and Bloggers Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media. View and download archived video content distributed by MultiVu on The Digital Center. Custom Packages Start today. Tibco Buys Business Activity Monitoring at a Good Price. Event On 18 September 2002, Tibco Software said it had acquired Praja for an undisclosed amount of cash, believed to be $4 million to $6 million.
Tibco has offered jobs to all 12 Praja employees, and the operations will move to Palo Alto, California. Praja's CEO will consult to Tibco during the transition. Analysis Tibco's acquisition of Praja represents the most important acquisition of a pure-play BAM vendor to date. Gartner believes that the combination of small, struggling pure-play BAM vendors and strong, BAM-hungry vendors will create two waves lasting through 2006. Tibco's acquisition of Praja was no surprise. Analytical Source: David McCoy, Gartner Research Recommended Reading and Related Research "Evolving Interaction Styles in Business Activity Monitoring" — Full-cycle alert response capabilities for BAM will evolve significantly through 2010.
(You may need to sign in or be a Gartner client to access all of this content.) Tibco snaps up Staffware for 123 million. 22 April 2004 Integration software supplier Tibco has acquired workflow and business process management (BPM) specialist Staffware in a surprise £122.8 million cash and stock deal.
Tibco CEO Vivek Ranadive said that the deal would help broaden the company's product set and improve Tibco's geographic coverage. In addition, Ranadive promised continued development of both company's workflow and BPM products. "We believe business processes are rapidly becoming the most valuable corporate asset," said Tibco CEO Vivek Ranadive. "The combination with Staffware will provide Tibco with immediate reach into new and emerging markets, including retail banking, insurance, public sector and telecommunications," he added. Staffware has shifted in recent years from its roots in workflow - software that provides a structured means of distributing and managing documents - to an emphasis on the associated area of BPM, where it has achieved some success.
SAP acquires Sybase for $5.8 billion, but why? Rumors have been circulating the last days that SAP would announce a significant acquisition.
There had to be something in the wind since Vishal Sikka, CTO SAP was a no-show at TIBCO's TUCON second day keynote. Today, we learn the target is Sybase. The deal is expected to close at $5.8 billion via a tender offer, a 44% premium on the average last three months' Sybase share price. The deal is financed from SAP's existing cash resources plus a $2.75 billion loan facility. SAP believes the acquisition will be immediately accretive and Sybase will operate as a stand alone brand. Also see: SAP announces $5.8 billion acquisition of SybaseSAP to acquire again? John Chen, CEO of Sybase said: "We see potential in the combination of the leader in business applications and the leader in mobile...I firmly believe this transaction is about growth.
" Vishal Sikka said: "This will dramatically increase our presence in mobile...supporting all platforms, Blackberry...Windows...Google...Apple"