TIBCO Snaps Up DataSynapse for $28 Million
TIBCO has acquired DataSynapse Inc., a New York-based provider of enterprise grid and cloud computing software. The deal is valued at approximately $28 million in cash. DataSynapse had raised around $46 million in VC funding beginning in 2000, from firms like Bain Capital Ventures, Broadview Capital Partners, Goldman Sachs, Greenhill SAVP, Intel Capital, NeoCarta Ventures, Rare Ventures, Stonehenge Capital, Wand Capital and Wachovia.
DataSynapse is a leader in enterprise grid and cloud computing software with a strong roster of more than 100 Financial Services and Telecommunications clients and a proven reputation for world-class technology.
DataSynapse products provision and manage applications across physical, virtual and cloud-based environments. Customer benefits include improved utilization of data center resources, lower IT capital expenditures, reduced time to deployment of enterprise applications, and increased performance of mission-critical systems. The acquisition will complement TIBCO’s 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.