ACADEMIA

TIBCO Software today announced that it has acquired privately-held DataSynapse, Inc. in a cash transaction valued at approximately $28 million. 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.