Cisco Takes Stake In Tibco Software As Tibco's Executive Exodus Persists
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The top management of Reuters-owned Tibco has bolstered its Tibco Software Inc. (TSI) division, as evidenced last week by the company's executives permitting Cisco Systems to take a minority stake in TSI. In stark contrast, Tibco Finance Technology (TFT), the other half of Tibco, needs an infusion of executive talent.
Vivek Ranadive, the president and chief executive officer (CEO) of TSI and TFT, will not specify Cisco's exact stake. A Reuters spokesperson declines to name the figure, as well
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