TIBCO Software, Inc. Intent To Acquire LogLogic Inc.

TIBCO Software, Inc. announced that it has entered into a definitive agreement to acquire LogLogic Inc., a privately held company based in San Jose, California that offers one of the industry's scalable log and security management platforms specifically designed for the enterprise and cloud. The acquisition will expand TIBCO's operational intelligence offerings while providing customers the ability to proactively monitor real-time events, assess risks, and address 21st century threats and opportunities. The transaction was approved by the board of directors of each company. The transaction remains subject to customary conditions and is expected to close in the second quarter of TIBCO's fiscal year 2012. Additional terms of the transaction were not disclosed.