Key Developments: TIBCO Software Inc (TIBX.O)
21.58USD
24 May 2013
$-0.27 (-1.24%)
$21.85
$21.74
$21.75
$21.35
1,488,714
3,383,194
$32.95
$18.18
Latest Key Developments (Source: Significant Developments)
Marathon Patent Group Inc's Relay IP Files Patent Infringement Lawsuits Against TIBCO Software Inc and Others
Marathon Patent Group Inc's Relay IP (Relay) has filed patent infringement lawsuits in the United States District Court for the District of Delaware against Sprint Nextel Corporation, Juniper Networks, Cisco Systems, Bloomberg L.P., Hitachi Cable America, D-Link Corporation, Avaya, Hewlett-Packard Company, Enterasys Networks, Extreme Networks, TIBCO Software, BT Group, SAVVIS Inc., Zhone Technologies, Huawei Technologies, Allied Telesis, and Adtran (the Defendants). Relay is asserting infringement related to U.S. Patent number 5,331 ,637, entitled Multicast Routing Using Core Based Trees. The lawsuit alleges that the Defendants have infringed, and continue to infringe, the claims of the patent in suit by using the accused IP Multicast systems and methods covered by the claims of the Relay patent. Full Article
TIBCO Software Inc Announces $300 Million Share Repurchase Program
TIBCO Software Inc announced that its Board of Directors has authorized a share repurchase program pursuant to which the Company may repurchase up to $300 million of its outstanding common stock. This program refreshes the Company's previous $300 million share repurchase program, under which approximately $75.8 million was still remaining. The repurchases under the program will be made in open market or privately negotiated transactions. The manner, timing and amount of any repurchases will be determined by the company based on an evaluation of market conditions, stock price and other factors. The program does not obligate TIBCO to acquire any particular amount of common stock, and it may be modified or suspended at any time at TIBCO's discretion. Full Article
TIBCO Software Inc Announces Appointment Of Interim Chief Financial Officer-Form 8-K
TIBCO Software Inc reported in its Form 8-K that on April 1, 2013, TIBCO Software Inc. (Company) announced that Sydney Carey resigned her position as Executive Vice President, Chief Financial Officer (CFO) of the Company on March 28, 2013, to be effective on April 19, 2013. On April 1, 2013, the Company announced the appointment of Murray D. Rode, the Company’s Executive Vice President, Chief Operating Officer, to the position of interim Chief Financial Officer (CFO), effective on April 19, 2013. Mr. Rode will also become the Company’s interim Principal Financial Officer on April 19, 2013. Full Article
TIBCO Software Inc And Aditi Technologies Announces Strategic Alliance
TIBCO Software Inc and Aditi Technologies announced that they have entered into a strategic partnership to bolster offerings in enterprise social and e-commerce. The partnership will allow Aditi to deploy TIBCO's suite of real-time integration and events processing technologies and gain access to wider TIBCO capabilities. Aditi and TIBCO believe these additional capabilities will be integral to solutions tackling scenarios in e-commerce and social computing like revenue optimization, business productivity and analytics. The initial set of joint offerings will include enabling multi-channel commerce platforms using TIBCO's integration suite to surface products, customers and promotions to drive acquisition Implement complex event processing to improve real-time intelligence for business on fast moving data. Full Article
Healthcare Technology Company iHealth Exchange Selects TIBCO Software Inc's Tibbr To Modernize Patient Care
TIBCO Software Inc announced that iHealth Exchange, a social health information exchange company in Houston, selected tibbr as enterprise social platform to improve the speed and efficacy of medical care and reduce operational costs while meeting the healthcare industry's stringent interoperability standards. tibbr has been made available to 12,500 Houston area physicians in the iHealth Exchange network to collaborate on patient care. Full Article
TIBCO Software Inc And Vanderbilt University Medical Center Announce Strategic Partnership
TIBCO Software Inc announced a partnership with Vanderbilt University Medical Center (VUMC) of Nashville, TN. The partnership will leverage TIBCO's event-driven healthcare software platform to advance the impact of the university's real-time clinical decision support capabilities, and achieve maximum beneficial use of information and information technology in support of VUMC's missions. Full Article
TIBCO Software Inc Lowers Q4 2012 Guidance; Issues FY 2012 Guidance Below Analysts' Estimates
TIBCO Software Inc announced that for the fourth quarter of 2012, it expects total revenue to be in the range of $292 to $295 million, earnings per share, calculated in accordance with U.S. generally accepted accounting principles (GAAP) to be in the range of $0.26 to $0.27 and Non-GAAP earnings per share to be in the range of $0.37 to $0.38. For fiscal 2012, it expects total revenue to be in the range of $1.020 to $1.023 billion, earnings per share, calculated in accordance with U.S. generally accepted accounting principles (GAAP) to be in the range of $0.69 to $0.70 and Non-GAAP earnings per share to be in the range of $1.10 to $1.11. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $316 million and EPS of $0.44 for the fourth quarter of 2012; revenue of $1.044 billion and EPS of $1.17 for fiscal 2012. Full Article
Sonata Software Ltd And TIBCO Software Inc Announces Strategic Alliance
Sonata Software Ltd announced that it has partnered with TIBCO Software Inc, a provider of infrastructure software, to distribute TIBCO's software licenses in India, along with Sonata's integration services. Sonata will leverage TIBCO's products to integrate systems like ERP, CRM, e-commerce and BI applications to improve operational efficiencies and enhance customer experience. The two companies will also partner to deliver solutions in the Indian market, which is of strategic significance to both. Full Article
TIBCO Software Inc and Siemens Healthcare Expand Strategic Alliance
TIBCO Software Inc announced the expansion of a long-standing strategic alliance with Siemens Healthcare to address emerging opportunities in the healthcare market. The two companies will work to improve a unique SOA-driven (Service Oriented Architecture) approach in Soarian Clinicals, for example, by delivering dynamic business processes across the Soarian suite of products on TIBCO's next-generation Business Process Management Platform, TIBCO ActiveMatrix BPM. This will allow the Soarian products to offer an unprecedented end-to-end operational visibility and management across the entire hospital IT landscape. This strategic alliance will help Siemens in transitioning hospitals, using Soarian, into Event-Enabled Enterprises, by allowing them to analyze large volumes of events in near real time -- pairing current activity with historical data in order to better anticipate and potentially influence patient care and overall hospital operations. Full Article
TIBCO Software Inc Announces Expanded Partnership With Teradata To Offer Extreme Data Discovery And Analytics
TIBCO Software Inc announced that it has entered into partnership with Teradata Corporation to form a data discovery and advanced analytics platform for extreme data volumes and complex analytical challenges. With the combination of TIBCO Spotfire(R) 5.0 and the Teradata Enterprise Data Warehouse, users are able to unleash the breadth and depth of enterprise data with unrivaled speed and flexibility, to uncover insights previously masked by data silos, sampling or high level data calculations. Full Article
Tibco's quarterly revenue misses estimates, shares fall
- Business software maker Tibco Software Inc reported revenue that missed analysts' estimates for the third consecutive quarter and a profit in-line with Wall Street's reduced expectations, sending its shares down 11 percent.
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