TIBCO Software (TIBX) Acquires Insightful (IFUL) for $25 Million
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TIBCO Software Inc. (Nasdaq: TIBX) 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.
The transaction is expected to close during TIBCO's fiscal third quarter. Until the deal closes, each company will continue to operate independently.
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