Published on the 27/08/2009 | Written by Newsdesk
$US28 million deal will enhance enterprise solution vendor’s distributed software infrastructure and cloud computing portfolio…
Global enterprise solution vendor TIBCO Software, which bases its Australian operation out of North Sydney, has acquired privately-held DataSynapse in a cash transaction valued at approximately $US28 million.
DataSynapse is a leader in enterprise grid and cloud computing software with a roster 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 utilization of data centre resources, lower IT capital expenditures, reduced time to deployment of enterprise applications, and increased performance of mission-critical systems.
TIBCO says the acquisition will complement its 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.
