Tuesday, May 01, 2007

Spotfire to be acquired by Tibco for $195M - Somerville, MA

Somerville ased software maker Spotfire Inc. said it is to be acquired by San Francisco's Tibco Software Inc. for $195 million. The deal is expected to close during the third quarter. Tibco officials said they plan to retain the Spotfire brand and operate the company as a business unit within Tibco, led by Spotfire CEO Christopher Ahlberg.

Spotfire, which develops business-information software, reports more than 800 customers including Chevron Corp., Merck & Co. Inc., Pfizer Inc., Royal Dutch Shell PLC., Texas Instruments Inc., and Toshiba Corp. Spotfire, which was founded in 1996, employs about 200 workers.



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