Feeds

TIBCO swoops on Staffware

Offers £128m for UK firm

  • alert
  • submit to reddit

Top three mobile application threats

Staffware shareholders are due for a nice windfall, following its agreed takeover by TIBCO.

TIBCO is doing its bit for consolidating the enterprise software market by offering approx. £128m in cash and shares ($217m) for the British software house - a premium of 41 per cent on Wednesday's closing share price.

US-based TIBCO is a pure-ish play enterprise application integration (EAI) vendor. Through this acquisition it gains a much stronger business process management (BPM) string to its bow. It also gains access into "new and emerging markets including retail banking, insurance, public sector and telecommunications, as well as increased geographic presence within Europe and Asia Pacific".

According to Vivek Ranadive, TIBCO chairman and CEO, the combined businesses can "accelerate market momentum relative to market peers, and set a new standard for what is needed to effectively compete in the BPM market".

It seems that such thinking drove Staffware into the arms of TIBCO. It had pondered ways of building a significant business in the US, before opting for TIBCO, John O'Connell, chairman and CEO of Staffware, said. The offer delivers "attractive value for Staffware's shareholders without the potential costs and risks associated with the significant investment that would otherwise be required in our North American business". ®

Related stories

The integration market: survival of the fittest
WS Reliable Messaging creeps forward
Stellent buys Optika

Combat fraud and increase customer satisfaction

More from The Register

next story
Virgin Media so, so SORRY for turning spam fire-hose on its punters
Hundreds of emails flood inboxes thanks to gaffe
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
AT&T threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
Google looks to LTE and Wi-Fi to help it lube YouTube tubes
Bandwidth hogger needs tube embiggenment if it's to succeed
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.