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Ranadive, owner of the Sacramento Kings of basketball, in 1986 and a computer scientist from India founded Tibco's forerunner, Teknekron Software Systems Inc. Ranadive will stay on as CEO and chairman before the deal closes, but his future role in the business is not yet clear, according to a source familiar with the matter.
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Security specialists say that if hackers develop malware to exploit the weakness, countless Internet-connected devices could be at risk - from web servers to personal computers to routers, as well as any "smart" or wearable electronic devices utilizing the software. HP failed to say how much it will buy Eucalyptus, which supplies open-source software for building private and hybrid clouds, or Internet-based computing services.
It includes Anything Grows, Anything Grooves, StarBright, Shader Ops, plus a full version of WebXport 2, a plugin for Carrara Studio 2 to release textured and animated 3D pictures on the Web. Apple said the update released for Mavericks variants of its computer operating software patch, Mountain Lion, and OS X Lion a Unix shell flaw billed as a dangerous weakness which could be exploited by hackers.
The business, which is facing decreasing software revenue, had been reviewing its strategic options since Aug. Vista Equity, a technology-focused store with $13.5 billion in capital commitments, is run by CEO Robert Smith and known for its hands on approach to running enterprise software firms. In June, the business named former senior Hewlett-Packard Co HPQ.N executive Todd Bradley as president.
Scott Hankins, an assistant professor in the University of Kentucky's College of Public Health who has studied the consequences of income shocks (for example lottery winnings) on marriage, said that when looking at the likelihood of IPO-induced divorce, it is vital that you consider not only the divorce rate after an IPO, but additionally the divorce rate just before a firm goes public - which he thinks would be quite low, as couples would intentionally delay the proceedings for monetary reasons.
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