SOFTWARE INDUSTRY NEWS

Tibco to acquire Proginet

22 June 2010 , Written by Dhruv Tanwar
Bookmark and Share


Proginet Corporation, a company that provides multi-platform file transfer solutions, has signed a definitive merger agreement to be acquired by Tibco Software Inc., in a transaction valued at approximately $23 million.

tibco-logoUnder the terms of the agreement, Proginet stockholders will receive $1.15 in cash for each share of Proginet common stock, representing a premium of around 22% to the closing price of Proginet’s common stock on June 21, 2010, the last trading day before the signing of the merger agreement. Proginet's Board of Directors has accorded its unanimous approval to the merger, which is expected to close during the first quarter of the company's fiscal 2011 commencing on August 1, 2010.

The transaction is subject to customary closing conditions, including stockholder approval, even as all Proginet directors and certain officers and stockholders representing around 21.4% of the company's issued and outstanding common stock have entered into voting agreements in support of the acquisition. The transaction is not subject to a financing condition.
 

LISTS AND RESEARCH

  • list Global Software Top 100 - Edition 2011
    • The Global Software Top 100 is a list of the world's largest software companies, ranked by annual software revenues. The list is based upon revenue information of 10,000+ IT companies worldwide.
  • Software industry trends (2011)
    • This research article (accompanying the Global Software Top 100) describes changes in the software industry playing field. It analyses trends and key players and forecasts future developments.
  • Top hardware companies
    • A list of the world's largest hardware companies.
  • What happens in the hardware industry?
    • Trends and analysis of the hardware industry and its key players.
  • Top IT services companies
    • A list of the world's largest IT services companies, ranked by annual services revenues. This link will take you to www.servicestop100.org.
  • IT services companies: healthy growth
    • What is happening in the IT services industry? Read this research publication to find out about trends and key players in the IT services industry.
  • Top gaming companies (2010)
    • Entertainment is good business, and gaming software companies are growing faster than the rest of the software industry. This research article discusses trends and key players in the gaming business.
  • Top ERP companies
    • A research publication about the world's leading players in enterprise software.
  • Top security software companies
    • A research publication discussing the world's leading publishers of security software: antivirus-, spamfiltering-, intrusion detection- and firewall software.
  • The fastest growing software companies
    • This research publication reveals the fastest growing software companies in the world.
  • CRM companies: a short list
    • A short list of the leading software companies selling Customer Relationship Management software; aimed at IT managers looking to purchase CRM software.
  • Top software companies in the US (2010)
    • A list of the largest software companies in the United States, ranked by annual software revenues. 2010 Edition, posted 15 December 2010.
  • U.S. software industry trends (2010)
    • A research publication discussing the trends and the key players in the software industry in the United States. Posted 15 December 2010.
  • Top companies in the world (not just software)
    • A general list of the largest companies in the world, ranked by revenues. Not just software companies; in fact, there are no software companies in it...
  • Top IT companies
    • A list of the largest IT companies in the world, ranked by annual revenues. Includes hardware, software and services.

POPULAR NEWS

RECENT NEWS