Monday, January 11, 2010

Dublin software firm Foresight acquired

Source: Business First

Dublin health-care software developer Foresight Corp. has been acquired by a California company.

Palo Alto-based Tibco Software Inc. (NASDAQ:TIBX) said it bought Foresight for an undisclosed price. Foresight’s technology is used by health-care payers, including insurance companies, to validate claims and make transactions in the proper formats.

Tibco said Foresight CEO Robert Fisher will become a part of its management team, but said nothing else about any jobs impact. A Foresight spokesman referred further questions to Tibco, but representatives weren’t immediately available for comment.

Tibco has about 2,000 employees and in the fiscal year ended in November earned $62 million on $621 million in revenue.


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