TIBCO Announces Agreement to Acquire Insightful Corporation
19 Giugno 2008 - 3:00PM
PR Newswire (US)
PALO ALTO, Calif., June 19 /PRNewswire-FirstCall/ -- TIBCO Software
Inc. (NASDAQ:TIBX) today announced that it has entered into a
definitive agreement to acquire Insightful Corporation
(NASDAQ:IFUL), a provider of statistical data analysis and data
mining solutions, in a transaction valued at approximately $25
million in which Insightful stockholders will receive cash.
Insightful technologies are expected to complement key growth areas
within TIBCO's business optimization portfolio, including TIBCO
Spotfire's Enterprise Analytic Platform. The transaction is
expected to close during TIBCO's fiscal third quarter. Until the
deal closes, each company will continue to operate independently.
More information is available at: http://www.tibco.com/ About TIBCO
TIBCO digitized Wall Street in the '80s with its event-driven
"Information Bus" software, which helped make real-time business a
strategic differentiator in the '90s. Today, TIBCO's infrastructure
software gives customers the ability to constantly innovate by
connecting applications and data in a service-oriented
architecture, streamlining activities through business process
management, and giving people the information and intelligence
tools they need to make faster and smarter decisions, what we call
The Power of Now(R). TIBCO serves more than 3,000 customers around
the world with offices in over 20 countries and an ecosystem of
over 200 partners. Learn more at http://www.tibco.com/. TIBCO, The
Power of Now, and TIBCO Software are trademarks or registered
trademarks of TIBCO Software Inc. in the United States and/or other
countries. All other product and company names and marks mentioned
in this document are the property of their respective owners and
are mentioned for identification purposes only. Legal Notice
Regarding Forward-Looking Statements This release contains
forward-looking statements within the meaning of the "safe harbor"
provisions of the federal securities laws. All statements other
than statements of historical fact could be deemed forward-looking.
Because these forward-looking statements involve risks and
uncertainties, important factors could cause actual results to
differ materially. These factors include: the expected closing in
TIBCO's third quarter, the successful consummation of the proposed
transaction and TIBCO's ability to successfully integrate
Insightful's business after the acquisition. In addition, the
acquisition may not occur or may not occur in the time currently
contemplated if the conditions to the merger are not met.
Additional information regarding potential risks is provided in
TIBCO's filings with the SEC, including its most recent Annual
Report on Form 10-K for the year ended November 30, 2007 and
Quarterly Report on Form 10-Q for the quarter ended March 2, 2008.
TIBCO assumes no obligation to update the forward-looking
statements included in this release. Securities Law Disclosure This
communication may be deemed to be solicitation material in respect
of the proposed merger. In connection with such proposed merger,
Insightful Corporation has agreed to file a proxy statement and
other materials with the SEC. The proxy statement will be mailed to
the stockholders of Insightful Corporation. We urge investors to
read the proxy statement and these other materials carefully when
they become available because they will contain important
information about Insightful Corporation and the proposed merger.
Investors will be able to obtain free copies of the proxy statement
and white proxy card (when available) as well as other filed
documents containing information about Insightful Corporation at
http://www.sec.gov/, the SEC's Web site. Free copies of Insightful
Corporation's SEC filings are also available on the investor
relations portion of Insightful Corporation's web site at
http://www.insightful.com/. Information regarding the identity of
the persons who may, under SEC rules, be deemed to be participants
in the solicitation of stockholders of Insightful Corporation in
connection with the transaction, and their interests in the
solicitation, will be set forth in a proxy statement that will be
filed by Insightful Corporation with the SEC. DATASOURCE: TIBCO
Software Inc. CONTACT: Media, Phillip Tree, +1-650-846-8529, , or
Investor Relations, Matt Langdon, +1-650-846-5787, , both of TIBCO
Software Inc. Web site: http://www.tibco.com/
http://www.insightful.com/
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