Tibco acquiring Information Builders

The takeover deal, said by Reuters to worth about $1bn, was justified because it offers Tibco the opportunity to “access to a broader set of analytics and technology,” said Dan Streetman, chief executive officer at Tibco. “The blend of our two companies, with strong and complementary capabilities, will further unlock the potential of real-time data for making faster, smarter decisions.”

Also with a brief history of Tibco…

Original source: Dotcom era data wrangler Tibco to buy Information Builders, reportedly for a whopping $1bn