logo
Share SHARE
FONT-SIZE Plus   Neg

TIBCO Software Closes Acquisition Of LogLogic For $130 Mln

TIBCO Software Inc. (TIBX) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Even after two years of thoroughly searching across the Indian Ocean, using modern technologies and devices, there is no clue about the Malaysian airline that vanished on March 8, 2014. Internet access is growing worldwide, but there is still a long way to go before the entire world is completely wired, a study from the Pew Research Center has found. The study also noted that men have greater access to the Internet than women in many nations. Backtracking on its early announcements on digital privacy, WhatsApp is planning to share member information, phone numbers and analytical data with Facebook, to make revenue from the platform.
comments powered by Disqus
Follow RTT