Vista Equity Partners and Thoma Bravo LLC are among a small group of private equity firms competing to purchase TIBCO Software Inc, a business software company with a market value of more than $3 billion, according to people familiar with the matter.Earlier this month, Palo Alto, California-based TIBCO said it was exploring strategic alternatives with help from Goldman Sachs Group Inc.TIBCO is expected to review binding offers for the company in the coming weeks, the people said this week. While TIBCO's board is under pressure from activist investors to sell the company, there is no certainty it will do so, the people added.Shares of TIBCO rose 6.7 percent to $20.26 on Wednesday.
The Goldman Sachs Group, Inc. (Goldman Sachs), is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Shares of GS traded higher by 1.47% or $2.72/share to $187.81. In the past year, the shares have traded as low as $151.65 and as high as $188.58. On average, 2452660 shares of GS exchange hands on a given day and today's volume is recorded at 2808038.
TIBCO Software Inc. (TIBCO) is a provider of middleware and infrastructure software. Shares of TIBX traded higher by 6.63% or $1.26/share to $20.26. In the past year, the shares have traded as low as $18.20 and as high as $26.90. On average, 2918240 shares of TIBX exchange hands on a given day and today's volume is recorded at 8332418.
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