Tuesday, May 1, 2007

TIBCO Acquires Spotfire

San Francisco-based TIBCO Software said this morning that it is in a definitive agreement to acquire Spofire, a business intelligence software firm, for $195M in cash. TIBCO said that it plans to retain the Spotfire brand and operate Spotfire as a business unit within TIBCO. The acquisition is expected to close in Q3 of the firm's fiscal 2007. Spotfire's customers include ABN AMRO, AMD, Boehringer Ingleheim, Chevron, Merck, Pfizer, Shell, Texas Instruments, Toshiba, and Unilever.