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Tibco Software reviews strategic, financial alternatives

04
Sep
2014

(Reuters) – Business software maker Tibco Software Inc said it is reviewing its strategic and financial alternatives as part of a process initiated by its board on Aug. 16 to maximize shareholder value. Tibco has formed a special committee of independent directors to undertake the review. The company said it had retained Wilson Sonsini Goodrich & Rosati and Goldman, Sachs & Co to assist in the process. Tibco has been approaching potential suitors, including private equity firms, Wall Street Journal reported on Aug. 6, citing people familiar with the matter. …

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