TIBCO Software to acquire Information Builders.

TIBCO Software, a big data and software integrations company, agreed to acquire Information Builders, data and analytics software company. Financial terms were not disclosed. The transaction remains subject to customary conditions and certain regulatory approvals, and TIBCO expects the transaction to close during its first quarter of fiscal year 2021. “Data-driven insight is more critical than ever. With the acquisition of ibi, we gain access to a broader set of analytics and technology, greatly enhancing our ability to help the world’s leading organizations solve their most complex data problems. The blend of our two companies, with strong and complementary capabilities, will further unlock the potential of real-time data for making faster, smarter decisions,” Dan Streetman, TIBCO CEO.