Tibco CEO and Founder Vivek Ranadivé. [Tibco is a founding sponsor and a former sponsor of Silicon Valley Watcher.]
Tibco Software agreed to be taken private in a $4.3 billion sale to Vista Equity Partners, a private equity firm specializing in software firms.
Tibco is one of Silicon Valley's oldest tech companies and its technologies are used to power real-time data systems such as those used by banks, stock exchanges, and news networks -- Reuters once owned 49% of the company.
Michael Calia, reporting for the Wall Street Journal, writes that Tibco had spent much of the summer examining its options before deciding on this strategy: