Tibco Software unveils ‘Tibco Labs’
Tibco Software has made a swag of announcements at Tibco Now 2018, its annual conference in Las Vegas.
Tibco Software has made a swag of announcements at Tibco Now 2018, its annual conference in Las Vegas.
Just weeks after Tibco said it was looking at its long-term business options, the business intelligence software and middleware vendor has disclosed that it will be acquired by private equity firm Vista Equity Partners.
Add Tibco to the list of vendors pushing a full stack of so-called "customer engagement" software, which companies use to track and analyze consumer behavior in hopes of building deeper relationships with them and ultimately, selling more products and services.
Tibco's board of directors has begun a review of "strategic and financial alternatives," which presumably include a sale, the middleware vendor has confirmed following a news report of its plans.
Bank of America illegally copied US$300 million worth of Tibco's enterprise software for use in a massive IT project at its Merrill Lynch subsidiary, Tibco alleges in a lawsuit.