TIBCO Software Inc. (TIBX: Quote) said Thursday that it has completed the acquisition of privately held LogLogic, Inc., a company which offers scalable log and security management platforms specifically designed for the enterprise and cloud.
Total considerations paid for the transaction was about $130 million.
TIBCO noted that the acquisition will expand its operational intelligence offerings while providing customers the ability to proactively monitor real-time events, assess risks, address 21st century threats and opportunities often associated with Big Data.
The company said that further details on LogLogic's product integration with other key elements of its event-driven software platform will be announced later.
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by RTT Staff Writer
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