BUSINESS COMBINATIONS

6 Months Ended

May 31, 2014

Business Combinations [Abstract]

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS

While we use our best estimates and assumptions as part of the purchase price allocation process to value assets acquired and liabilities assumed at the business combination date, our estimates and assumptions are subject to refinement. As a result, during the preliminary purchase price allocation period, which may be up to one year from the business combination date, we record adjustments to the assets acquired and liabilities assumed, with the corresponding offset to goodwill. We record adjustments to assets acquired or liabilities assumed subsequent to the purchase price allocation period in our operating results in the period in which the adjustments were determined.

The total purchase price allocated to the tangible assets acquired is assigned based on the fair values as of the date of the acquisition. The fair value assigned to identifiable intangible assets acquired is determined using the income approach which discounts expected future cash flows to present value using estimated assumptions determined by management. We believe that these identified intangible assets will have no residual value after their estimated economic useful lives. The identifiable intangible assets are subject to amortization on a straight-line basis as this best approximates the benefit period related to these assets.

The excess of the purchase price over the identified tangible and intangible assets, less liabilities assumed, is recorded as goodwill and primarily reflects the value of the synergies expected to be generated from combining our and the acquired entities’ technology and operations. Generally none of the goodwill recorded in connection with the acquisitions is deductible for income tax purposes.

As a result of our acquisitions, we typically assume facility leases, certain liabilities and other commitments of the acquired entity.

Acquisitions in Fiscal Year 2014

Acquisition of Jaspersoft Corporation

On April 28, 2014, we acquired Jaspersoft Corporation ("Jaspersoft"), a private company based in California and incorporated in the State of Delaware. Jaspersoft is a provider of embedded business intelligence and reporting software. We paid $182.8 million, net of cash acquired, to acquire all of the outstanding shares of capital stock of Jaspersoft. We have also incurred $0.3 million of transaction costs associated with the acquisition.

The allocation of the purchase price for the Jaspersoft acquisition is as follows (in thousands):

Cash	$	6,741
Accounts receivable	4,103
Other assets	875
Identifiable intangible assets	60,100
Goodwill	126,946
Deferred income tax asset, net	8,863
Liabilities	(5,139		)
Deferred Revenue	(12,920		)
Total purchase price	$	189,569

Identifiable intangible assets (in thousands, except amortization period):

	Gross Amount at Acquisition Date		Weighted Average Amortization Period
Existing technology	$	23,000	5.0 years
Customer base	34,200		8.0 years
Trademarks	2,900		7.0 years
	$	60,100

Acquisitions in Fiscal Year 2013

Acquisition of Extended Results

On September 13, 2013, we acquired Extended Results, Inc. (“Extended Results”), a private company based and incorporated in the State of Washington. Extended Results is a provider of mobile business intelligence software and services. We paid $21.0 million, to acquire all of the outstanding shares of capital stock of Extended Results. We have also incurred $0.3 million of transaction costs associated with the acquisition.

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 $49.7 million, net of cash acquired, to acquire all of the outstanding shares of capital stock of StreamBase. We have also incurred $0.5 million of transaction costs associated with the acquisition.

Acquisition of Maporama Solutions

On March 20, 2013, we acquired Maporama Solutions (“Maporama”), a private company based in Paris, France and organized under the laws of France. Maporama is a provider of location intelligence and geospatial analytics solutions. We have incurred $0.3 million of transaction costs associated with the acquisition.

Pro Forma Adjusted Summary

The results of operations of Jaspersoft, Extended Results, StreamBase and Maporama have been included in the Consolidated Financial Statements subsequent to the respective acquisition dates. The following unaudited pro forma adjusted summary reflects our condensed results of operations for the periods ended May 31, 2013. The summary assumes that the businesses had been acquired at the beginning of fiscal year 2013 and include pro forma adjustments for amortization charges for acquired intangible assets, stock-based compensation charges, if any, and related tax effects. The summary is presented for informational purposes only and is not intended to be indicative of future results of operations or whether similar results would have been achieved if the acquisition had taken place at the beginning of fiscal year 2013 (in thousands, except per share data):

	Three Months Ended May 31,				Six Months Ended May 31,
	2014		2013		2014		2013
Pro forma adjusted total revenue	$	258,110	$	264,449	$	519,739	$	520,193
Pro forma adjusted net income attributable to TIBCO Software Inc.	$	336	$	5,355	$	10,860	$	11,269
Pro forma adjusted net income per share attributable to TIBCO Software Inc.:
Basic	$	—	$	0.03	$	0.07	$	0.07
Diluted	$	—	$	0.03	$	0.06	$	0.07