Tibco Software Buys DataSynapse For $28 Million
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TIBX
PALO ALTO, Calif. (AP) — Business software developer Tibco Software Inc. on Monday said it has purchased DataSynapse Inc. for $28 million in cash.
Privately held DataSynapse develops enterprise grid and cloud computing software, which lets companies lower capital expenditures by renting business software over the Internet. Co-founders Peter Lee and Jamie Bernardin will join Tibco and lead the growth of DataSynapse's business. Tibco said the purchase complements its infrastructure and cloud computing products. Tibco develops software that integrates business applications. Tibco shares fell 11 cents to $9.14 in morning trading.- Loading Comments...
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