29 March 2015

Tibco acquires transaction automation firm Foresight

11 January 2010  |  6624 views  |  0 Source: Tibco Software

TIBCO Software Inc. (NASDAQ: TIBX) today announced that it has acquired privately-held Foresight Corporation, a leading provider of transaction automation solutions and EDI productivity tools. Financial details of the transaction were not disclosed.

Based in Columbus, Ohio, Foresight has over 400 customers including healthcare payers representing 60 million lives and BlueCross BlueShield organizations in 31 states. Foresight's products benefit customers by connecting partners and validating transactions, reducing administrative inefficiencies, and addressing mandates such as HIPAA 5010. Foresight also brings TIBCO deep expertise in the healthcare and EDI markets, where its ability to support and validate transactions across a range of standards will complement TIBCO's core B2B abilities.

Foresight's Founder and CEO, Robert Fisher, will join the TIBCO management team and continue to lead the growth and development of the Foresight business.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news

 

Who is commenting?

Top topics

Most viewed Most shared
Banking has reached a digital tipping poin...
9713 views comments | 53 tweets | 30 linkedin
Europe sets the pace as fintech investment...
5162 views comments | 28 tweets | 19 linkedin
Google preps Gmail bill payment feature
4552 views comments | 13 tweets | 12 linkedin
Barclays and PayPal join Government ID acc...
4369 views comments | 10 tweets | 11 linkedin
Credit Suisse paper offers qualified bitco...
4113 views comments | 5 tweets | 9 linkedin

Featured job

Competitive
Brussels, Frankfurt am Main or Paris

Find your next job