TIBCO Software Scoops Up Insightful for $25M

6/19/08

Insightful, a Seattle-based provider of statistical analysis and data-mining software, announced today that it has agreed to be acquired by TIBCO Software, a business-infrastructure software firm based in California. The deal is worth some $25 million, and Insightful will become a wholly-owned subsidiary of TIBCO.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com or call him at 617-252-7323. Follow @

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