Tibco Acquires Grid Computing Firm DataSynapse
Tibco Software has acquired privately-held DataSynapse, in a cash transaction valued at approximately US$28m. DataSynapse is an enterprise grid and cloud computing software firm with a client base of more than 100 financial services and telecommunications clients.
DataSynapse products provision and manage applications across physical, virtual and cloud-based environments. Customer benefits include improved utilisation of data centre resources, lower IT capital expenditures, reduced time to deployment of enterprise applications, and increased performance of mission-critical systems. The acquisition will complement Tibco’s strategy and products for distributed software infrastructure and cloud computing.
DataSynapse co-founders, Peter Lee and Jamie Bernardin, will join the Tibco management team and continue to lead the growth and development of the DataSynapse business.