Vista Equity considers the sale of Tibco, the sources say

Founder, President and CEO of View Equity Partner Robert F. Smith.

Photo credit: Getty; Photo illustration: Elham Ataeiazar for CNBC Make It

The company of private equity Vista Equity Partners is exploring a sale of Tibco Software, the cloud computing data analytics company, second people familiar with the question.

Vista did not hire a financial still adviser, though plans encounter with several investment banks in the next two days of the people She said, who asked not to be named because the process is private. No agreement is secured and the talks have not started with potential buyers.

Vista acquired Tibco for $ 4.3 billion in 2014. Since then, Tibco has acquired several companies for build out its platform and product offering, including data automation company Scribe Software in 2018 and analytics companies SnappyData in 2019 And Information builders in 2020. View paid about $ 1 billion for Information buildersReuters reported.

It is not clear how much Tibco will command in a sale. One person suggested a price label of about $ 7.5 billion and another said the figure was “low”. A spokesperson for Vista declined to comment.

The acquisition of Vista of Tibco helped seven years ago start a trend in which private corporation acquire multimillionaire-dollar business software companies, a strategy which was relatively untested at the time. Since then, the value of potential targets has increased with Everything is fine year. Vista’s rival Thoma Bravo announced a $ 12.3 billion acquisition of Test point in April, the biggest private equity cloud software bargain ever.

View also considered a sale of Tibco in 2018, Bloomberg reported at the time.

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