SUBSEQUENT EVENT

6 Months Ended

May 31, 2013

Subsequent Events [Abstract]

SUBSEQUENT EVENT

SUBSEQUENT EVENT

Acquisition of StreamBase Systems, Inc.

On June 3, 2013, we acquired StreamBase Systems, Inc. ("StreamBase"), a private company based in Massachusetts and incorporated in the State of Delaware. StreamBase is a provider of high performance event processing and real-time analytics software. We paid approximately $52 million to acquire all of the outstanding shares of capital stock of StreamBase. We have also incurred transaction costs associated with the acquisition. As a result of the acquisition, TIBCO assumed all facility leases, certain liabilities and commitments of StreamBase. Management is currently evaluating the purchase price allocation for this transaction.

2013 Restructuring Plan

In order to achieve cost efficiencies and realign our resources and operations, our Board of Directors approved a restructuring plan initiated by management in June 2013. The restructuring charges were primarily intended to increase efficiencies and reduce redundancies, including those arising from recent acquisitions. The total restructuring costs associated with the 2013 restructuring plan are estimated to approximate $8 million to $10 million and will be presented as restructuring charges in our Condensed Consolidated Statements of Operations for the fiscal quarter ending August 31, 2013. Changes in estimates, if any, will be reflected in our future results of operations. We expect to fulfill our obligations associated with this restructuring no later than 2014.