Tibco’s board of directors has begun a review of “strategic and financial alternatives,” which presumably include a sale, the middleware vendor has confirmed following a news report of its plans.

The board has appointed a committee of independent directors to conduct the review, which began Aug. 16, Tibco said late Wednesday.

The disclosure came about a month after the Wall Street Journal reported Tibco was in early talks about a sale and approaching potential buyers, which included private-equity firms.

“Following a detailed evaluation over the past several months, we have determined that it is prudent to undertake a wide review of strategic and financial options to see which alternative or alternatives, including our standalone plans, are in fact the best way to maximize shareholder value,” CEO Vivek Ranadivé said in a statement.

To read this article in full or to leave a comment, please click here

…