Vista Equity considers sale of Tibco, which it bought for $4.3 billion in 2014, sources say
Summary
Private equity firm Vista Equity Partners is exploring a sale of Tibco Software, the cloud computing data analytics company, according to people familiar with the matter. Vista hasnt hired a financial adviser yet, though it plans to meet with several investment banks in the coming days, two of the people said, who asked not to be named because the process is private. Since then, Tibco has purchased several companies to build out its platform and product offering, including data automation firm Scribe Software in 2018 and the analytics companies SnappyData in 2019 and Information Builders in 2020. Vistas acquisition of Tibco seven years ago helped start a trend in which private equity firms acquire multibillion-dollar enterprise software companies, a strategy that was relatively untested at the time. Vista rival Thoma Bravo announced a $12.3 billion acquisition of ProofPoint in April, the largest private equity cloud software deal ever.
