After the recent news that Open Text is to acquire Metastorm, it has been revealed that the long rumoured HP talks with Tibco have not gone as planned.
According to a Reuters article,
Hewlett-Packard Co (HPQ.N) had considered buying business software company Tibco Software Inc (TIBX.O) until two weeks ago when talks fizzled, two sources familiar with the matter told Reuters.
The Reuters article goes on to say that
It was not clear why the talks fell apart or if they will be resumed, although the tech giant is currently scouring the industry for other software targets, the sources said.
Tibco has been the subject of takeout rumors for the past several years, yet the company has never disclosed that it has been in talks to sell itself.
If HP is now shopping for other companies, as Reuters’ report suggests, Software AG and Progress Softwareare both potential targets, given their integration, SOA infrastructure, and business process management software. Software AG is larger than Tibco, with about $1.4 billion in revenue last year. Progress is smaller, at $156 million in 2010 revenue.
What are your thoughts?