Thursday, 14 January 2010
Power of Now Seeks Healthcare through Foresight
SOA-evangelists TIBCO (aka "TIBX" on the Nasdaq) famous for its "Information Bus", which is nothing but TCP all the way to the bank, acquired Ohio-based Foresight Corporation, a private "transaction solution provider" (think healthcare claims processing) and vendor of EDI (Electronic Document Interchange, often associated with XML) productivity tools. What is the strategic rationale for this deal? One reason seems to be to broaden TIBX's customer base to include healthcare firms (an area that Foresight focuses on). Foresight also sells to many BCBS organizations. Open interest on TIBX's front-month ATM call is around 5.5K. Options trade on a February cycle (Feb, May, August etc).
No comments:
Post a Comment