Palo Alto, CA – July 31, 2008 – Syndera Corporation, a software company that continuously monitors key performance indicators (KPIs) providing real-time business intelligence and business activity monitoring solutions, has announced its acquisition by TIBCO Software, Inc., a company using APIs, systems, and devices to create interconnectivity, capture data in real-time, and generate analytical insights.
“On July 8, 2008, we acquired certain assets of Syndera Corporation, a provider of real-time business intelligence software. The total purchase price was approximately $1.0 million paid in cash. Management is in the process of finalizing the purchase price allocation.” – TIBCO Software, Inc., SEC Form 10-Q Quarterly Report, 06/01/2008
Woodside Capital Partners served as the exclusive financial advisor to Syndera Corporation in this transaction.
About Syndera Corporation
Syndera Corporation provides real-time business intelligence and business activity monitoring solutions. Its software enables users to continuously monitor key performance indicators (KPIs) for business results, such as profit and loss; external conditions, which include client behavior, market movements; internal business processes and operations; get instant alerts on out-of-boundary KPIs; identify root cause and trends immediately; and analyze and determine corrective action swiftly. Syndera serves communications, energy, financial services, manufacturing, media, retail, and transportation services markets. It has strategic partnership with SunGard, BearingPoint, Inc., and JBoss, Inc. Syndera has operations in New York, New York and London, United Kingdom. The company was founded in 2002 and is headquartered in Redwood City, California.
About TIBCO Software Inc.
TIBCO fuels digital business by enabling better decisions and faster, smarter actions through the TIBCO Connected Intelligence Cloud. From APIs and systems to devices and people, we interconnect everything, capture data in real time wherever it is, and augment the intelligence of your business through analytical insights. Thousands of customers around the globe rely on us to build compelling experiences, energize operations, and propel innovation. Learn how TIBCO makes digital smarter at www.tibco.com.
About Woodside Capital Partners
Woodside Capital Partners is a global, independent investment bank that delivers world-class strategic and financial advice to emerging growth companies in the technology and life sciences sectors. With a strong track record in M&A, strategic partnerships and private placements, Woodside Capital Partners has been providing worldwide investment banking services since 2001, with leading domain experience in software, Internet services, electronic communications and materials, and healthcare. Woodside Capital Partners is headquartered in Silicon Valley, with an office in London. Securities offered through Woodside Capital Securities LLC, member FINRA/SIPC. For more information, please visit www.woodsidecap.com.