TIBCO Software, a publicly traded (NASDAQ: TIBX) provider of infrastructure software solutions, on Tuesday night said that it has entered into a definitive agreement to acquire San Jose California-based LogLogic, a provider of and log management and security intelligence solutions, for an undisclosed sum.
TIBCO says the acquisition will expand its operational intelligence offerings and help provide customers with the ability to proactively monitor real-time events, assess risks, and address threats.
Additionally, LogLogic will help build upon TIBCO's offerings in event processing and in-memory analytics.
LogLogic counts more than 1,000 companies around the world as customers, including Astrium, The Body Shop, Cerner, EADS, Plantronics, The United States National Archives and Records Administration, University of Manitoba, and many others.
The transaction has been approved by the board of directors of both companies and is expected to close in the second quarter of TIBCO's fiscal year 2012, subject to customary conditions.
Just under a year ago, TripWire, a company that competes in a similar space as LogLogic, was acquired by private equity firm Thoma Bravo.