Data-Integration and visualisation vendor Tibco Software has been looking for potential buyers, revealed Wall Street Journal earlier this week. The information was provided by unnamed sources close to the issue, raising fresh questions about the future of the business intelligence vendor
“We have long been believers in the strategic value of Tibco, and would not be surprised to see it become part of a larger organization,” notes Wells Fargo equity analyst Jason Maynard in a research note published Wednesday. The company would likely fetch four to five times expected annual revenue of just over $1 billion, Maynard wrote.
Sale rumours had popped at earlier instances, in 2011, when HP was reportedly in talks with Tibco, but the deal broke down over differences in terms; IBM and HP are being hailed as potential bidders.
Tibco’s middleware, complex event processing technology, Tibco Spotfire analytics and data-visualization software, and Jaspersoft data-management and business intelligence unit would be prove beneficial in HP’s portfolio. There would be many overlaps in a deal with a direct Tibco competitor like IBM or Oracle, but Spotfire’s technology might fit into either company’s big data initiatives.
Tibco’s list of customers include Con-Way, Delta Airlines, DHL, E. & J. Gallo Winery, Merck, Pirelli, Pfizer, T-Mobile, Union Pacific Railroad, and Vodaphone. The customer base and license revenue stream will prove to be of value to the right investor.
Read more here
(Image Credit: Tibco)
