TIBCO Comments on Letter from Praesidium
TIBCO Software Inc. (NASDAQ: TIBX) today issued the following statement in response to a letter to its Board of Directors from Praesidium Investment Management Company, LLC.
"TIBCO is focused on creating value and welcomes constructive input from all of our shareholders. Our Board of Directors is actively engaged with the management team in our continued pursuit to deliver value for all shareholders. We are committed to being a global leader in infrastructure and business intelligence software."
TIBCO Software Inc. (NASDAQ: TIBX) is a global leader in infrastructure and business intelligence software. Whether it's optimizing inventory, cross-selling products, or averting crisis before it happens, TIBCO uniquely delivers the Two-Second Advantage® – the ability to capture the right information at the right time and act on it preemptively for a competitive advantage. With a broad mix of innovative products and services, TIBCO is the strategic technology partner trusted by businesses around the world. Learn more about TIBCO at www.tibco.com.
TIBCO, Two-Second Advantage, Spotfire, and TIBCO Software are trademarks or registered trademarks of TIBCO Software Inc. or its subsidiaries in the United States and/or other countries. Other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.
Legal Notice Regarding Forward-Looking Statements
This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the federal securities laws. The final financial results for the second quarter of fiscal 2014 may differ materially from the preliminary results presented in this release due to factors that include, but are not limited to, risks associated with the final review of the results and preparation of financial statements, including final review of transactions and consultation with our outside auditors. In addition, forward-looking statements such as the projection of a higher than anticipated tax rate on both a GAAP and non-GAAP basis, Jaspersoft representing an important addition to our analytics strategy going forward, and the ability of TIBCO to successfully implement changes already underway to improve Spotfire's performance are subject to risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Additional information regarding potential risks is provided in TIBCO's filings with the SEC, including its most recent Annual Report on Form 10-K for the year ended November 30, 2013 and Quarterly Report on Form 10-Q for the quarter ended March 2, 2014. TIBCO assumes no obligation to update the forward-looking statements included in this release.