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]