On 29 September, Tibco, a provider of middleware / infrastructure and business intelligence software, agreed to be bought by Vista Equity Partners for approximately US$4.3 billion. Saugatuck sees this as another proof-point resulting from the expanding adoption of cloud-based offerings. Traditional software providers (ISVs) are experiencing formidable challenges and mixed success in transitioning their businesses to the realities of cloud application development, delivery, and purchase.

Why is it Happening?

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