M&A Deal Summary

Tibco Acquires Proginet

On September 16, 2010, Tibco acquired software company Proginet

Acquisition Highlights
  • This is Tibco’s 6th transaction in the Software sector.
  • This is Tibco’s 5th transaction in the United States.
  • This is Tibco’s 2nd transaction in New York.

M&A Deal Summary

Date 2010-09-16
Target Proginet
Sector Software
Buyer(s) Tibco
Deal Type Add-on Acquisition

Target

Proginet

Garden City, New York, United States
Proginet is a provider of multi-platform software solutions for fast, secure file transfers both inside and outside the enterprise via an on-premise or cloud-based deployment model.

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Buyer(S) 1

Buyer

Tibco

Palo Alto, California, United States

Category Company
Founded 1985
Sector Software
Revenue 1.1B USD (2013)
DESCRIPTION
Entrance to Tibco Software's corporate headquarters in Palo Alto, California.
Entrance to Tibco Software's corporate headquarters in Palo Alto, California.

Tibco is a provider of middleware and infrastructure software. Tibco's standards-based software platform enables customers to create flexible, event-driven applications from infrastructure and deliver real-time, actionable insights. Tibco was formed in 1985 and is based in Palo Alto, California.


DEAL STATS #
Overall 6 of 23
Sector: Software M&A 6 of 12
Type: Add-on Acquisition M&A Deals 6 of 21
State: New York M&A 2 of 3
Country: United States M&A 5 of 20
Year: 2010 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-25 Netrics

Princeton, New Jersey, United States

Netrics is a provider of enterprise data matching software products with powerful algorithms that enable intelligent searching of events and data – whether on-premise or in the cloud.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-23 OpenSpirit

Stafford, Texas, United States

OpenSpirit Corporation is a provider of data and application integration solutions that assist geologists and geophysicists in gathering data from multiple sources for determining the likelihood of finding oil, gas, or condensates.

Buy -