Union Square Advisors Serves as Financial Advisor to Vista Equity Partners in its Proposed $4.3 billion Acquisition of TIBCO Software; the Largest Technology LBO to date in 2014

in its $4.2BN acquisition of
Business/Productivity Software
IT Consulting and Outsourcing
CloudTech & DevOps

Demonstrates Union Square Advisors’ core competence in infrastructure and application software technology, as well as the quality of its strategic M&A advisory services provided to leading technology companies and financial sponsors

The proposed transaction is valued at approximately $4.3 billion, including assumption of net debt. Under the terms of the agreement, TIBCO stockholders will receive $24.00 per share in cash, a 26.3% premium to the closing price of TIBCO’s stock on September 23, 2014 (one day prior to public reports that multiple parties were competing to acquire TIBCO). The total enterprise value of the transaction represents more than 18 times TIBCO’s EBITDA for the 12 months ending August 31, 2014.

The agreement was unanimously approved by TIBCO’s board of directors following a thorough review of strategic and financial alternatives conducted by a Special Committee of the Board. The transaction, which is expected to close in the fourth calendar quarter of 2014, is subject to approval by TIBCO stockholders, regulatory approvals and other customary closing conditions. There are no financing conditions associated with the proposed agreement.

About TIBCO 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.

About Vista Equity Partners

Vista Equity Partners, a U.S.-based private equity firm with offices in Austin, Chicago and San Francisco, with over $13.5 billion in cumulative capital commitments, currently invests in dynamic, successful software, data and technology-enabled organizations led by world-class management teams with long-term perspective. Vista is a value-added investor, contributing professional expertise and multi-level support towards companies realizing their full potential. Vista’s investment approach is anchored by a sizable long-term capital base, experience in structuring technology oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. For more information, please visit www.vistaequitypartners.com.

About Union Square Advisors

Union Square Advisors LLC is a leading technology-focused investment bank that offers strategic mergers & acquisitions advice and execution, as well as agented private capital financing services. Founded in 2007, with offices in San Francisco and New York, Union Square Advisors works with leading public and private technology companies, venture capital and private equity firms across the technology landscape with a primary focus on Software, IT infrastructure and Internet / Digital Media. For more information on Union Square Advisors, please visit www.usadvisors.com.

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