Stay on Top of Recent M&A's with Breaking News Stories

Mergers & Acquisitions on Ulitzer

Subscribe to Mergers & Acquisitions on Ulitzer: eMailAlertsEmail Alerts newslettersWeekly Newsletters
Get Mergers & Acquisitions on Ulitzer: homepageHomepage mobileMobile rssRSS facebookFacebook twitterTwitter linkedinLinkedIn


Mergers & Acquisitions Authors: Pat Romanski, Bob Gourley, Jim Kaskade, David Skok, Liz McMillan

Related Topics: Cloud Computing, Cloudonomics Journal, SaaS Journal, Cloud Computing Newswire, Microservices Journal, Mergers & Acquisitions on Ulitzer, IT as a Service, Platform as a Service

Article

Tibco Buys DataSynapse

Tibco paid less than the money poured into it, which exceeded $26 million

Tibco has bought privately held DataSynapse for $27.7 million in cash including ~$13.3 million to pay down debt.

DataSynapse develops enterprise grid and cloud computing software that provisions and manages applications across physical, virtual, and cloud-based environments. It’s supposed to improve data center utilization, lower IT capex, speed application deployment and heighten system performance.

DataSynapse co-founders Peter Lee and Jamie Bernardin, two ex-Wall Street types, will remain with the company and continue to run the business.

DataSynapse is supposed to have 100 financial services and telecom customers.

Its investors included Bain Capital, Goldman Sachs, Intel Capital, NeoCara Ventures, Silicon Alley Venture Partners, Wachovia Strategic Ventures, Stonehenge Capital Corporation, the NYC Investment Fund and Wand Partners.

Tibco paid less than the money poured into it, which exceeded $26 million.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

Comments (0)

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.