Founder, Chairman and CEO of Vista Fairness Companions Robert F. Smith.
Phot credit score: Getty; Photograph Illustration: Elham Ataeiazar for CNBC Make It
Non-public fairness agency Vista Fairness Companions is exploring a sale of Tibco Software program, the cloud computing information analytics firm, in keeping with individuals conversant in the matter.
Vista hasn’t employed a monetary adviser but, although it plans to fulfill with a number of funding banks within the coming days, two of the individuals mentioned, who requested to not be named as a result of the method is non-public. No deal is assured and talks have not begun with potential consumers.
Vista acquired Tibco for $4.3 billion in 2014. Since then, Tibco has bought a number of firms to construct out its platform and product providing, together with information automation agency Scribe Software program in 2018 and the analytics firms SnappyData in 2019 and Data Builders in 2020. Vista paid about $1 billion for Data Builders, Reuters reported.
It is unclear how a lot Tibco will command in a sale. One particular person advised a price ticket of about $7.5 billion and one other mentioned that determine was “low.” A Vista spokesman declined to remark.
Vista’s acquisition of Tibco seven years in the past helped begin a pattern through which non-public fairness corporations purchase multibillion-dollar enterprise software program firms, a technique that was comparatively untested on the time. Since then, the worth of potential targets has risen with every year. Vista rival Thoma Bravo introduced a $12.3 billion acquisition of ProofPoint in April, the biggest non-public fairness cloud software program deal ever.
Vista additionally thought-about a sale of Tibco in 2018, Bloomberg reported on the time.
WATCH: Thoma Bravo buys Stamps.com for $6.6 billion