Vista Equity plans to sell TIBCO, sources say

Private equity firm Vista Equity Partners is considering selling Tibco Software, a cloud-based data analytics company, according to people familiar with the matter.

Vista has yet to hire a financial advisor, but will meet with several investment banks in the next few days, but two people who asked not to name him because the process is private said. Agreement is not guaranteed and discussions with future buyers have not started.

Vista acquired Tibco in 2014 for $ 4.3 billion. Since then, Tibco has acquired several companies to build its platform and product offerings, including data automation company Scribe Software in 2018, analytics company SnappyData in 2019, and Information Builders in 2020. Reuters said spending $ 1 billion on news creators.

It is not known how much Tibco will order for sale. One offered a price of around $ 7.5 billion, another said the number was “low”. A Vista spokesperson declined to comment.

Vista’s acquisition of Tibco seven years ago helped private equity funds begin their trend of acquiring multi-billion dollar enterprise software companies. This is a strategy that was relatively untested at the time. Since then, the value of potential targets has increased year by year. Vista’s rival Thomas Bravo announced in April the acquisition of ProofPoint for $ 12.3 billion. This is the largest private equity cloud software deal ever.

Bloomberg then reported that Vista was also considering selling TIBCO in 2018.

See: Thomas Bravo buys Stamps.com for $ 6.6 billion