Tibco to acquire Information Builders

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Tibco Software has entered into an agreement to acquire Information Builders (Ibi), a data and analytics software company, for an undisclosed sum.

Ibi’s set of data management and analytics capabilities will augment Tibco’s connected intelligence platform, says Tibco.

Kirkland & Ellis served as legal advisor to Tibco. Shea & Company served as financial advisor to ibi and Skadden, Arps, Slate, Meagher & Flom served as legal advisor to ibi.

The transaction remains subject to customary conditions, and is expected to close during the first quarter of Tibco’s fiscal year 2021.

[Image courtesy: Ibi]