That sale was the product of pressure from another activist investor, Praesidium Investment Management, and came after Tibco's revenue growth slowed and profit fell short of projections. Praesidium owns 2.3 percent of Informatica's shares, according to.
Its board had come under pressure from activist investors Praesidium Investment Management Co LLC and Starboard Value LP. The Palo Alto, California-based company develops software that companies use in processes such as inventory keeping and cross-selling.
Tibco Software was reportedly a target for activist investors like Eminence Capital and Praesidium Investment Management Company who wrote a letter to Tibco's management to do something about the disappointing sales of about $251 million during the second.
Shares are currently trading slightly above $25, about 10% before the report emerged in January and -6% below the peak of the excitement: PRGS data by YCharts Who Is This Stealthy Activist? Praesidium Investment Management, a $1bn activist hedge fund.
Certainly the men and women forced to live in the wake of the beating of John Lewis, the lynching of Emmett Till, the firebombing of Percy Julian’s home, and the assassinations of Martin Luther King Jr. and Medgar ... and many activists view sexual.
The software company faced pressure from activist investors Starboard Value and Praesidium Investment Management, according to Reuters. The deal is subject to approval by shareholders and regulators and is expected to close in the fourth quarter this year.
Bloomberg) -- Cornerstone OnDemand Inc. has received approaches from potential buyers as shareholders including Praesidium Investment Management ... Cornerstone also counts activist investor Corvex Management LP among its biggest shareholders.
Some of Cornerstone’s cloud-computing peers have already sold Cornerstone OnDemand Inc. has received approaches from potential buyers as shareholders including Praesidium Investment ... also counts activist investor Corvex Management LP among its biggest.