said it will acquire
for $115 million in cash and stock.
Tibco, a maker of software that allows computer systems to communicate, plans to use the acquisition to gain access to Talarian's 300 customers in the financial services, telecommunications and aerospace industries, and to expand its real-time messaging business.
The company will pay $5.30 a share for Talarian, including the assumption of stock options. The deal is expected to close in the second quarter of 2002. Talarian closed at $3.14 on Friday.
Shares of Tibco closed at $16.60 Friday on the Nasdaq.