TIBCO Software Announces CFO Transition
PALO ALTO, CA -- (Marketwire) -- 04/01/13 -- TIBCO Software Inc.
(NASDAQ: TIBX) today announced that Sydney Carey, TIBCO executive
vice president and chief financial officer, has decided to leave the
company to pursue an opportunity with a private, venture-backed
technology company. Ms. Carey will remain with the company through
April 19, 2013 and certify the company's first quarter results for
Murray Rode, TIBCO chief operating officer and whose current
responsibilities include the finance organization, will take on the
added responsibilities of interim CFO until a permanent replacement
is found. Mr. Rode previously served as CFO from late 2005 through
"I would like to personally thank Sydney for all she has contributed
to TIBCO over the years," said Vivek Ranadive, TIBCO's chairman and
chief executive officer. "Since joining TIBCO as corporate controller
in 2004 and her subsequent appointment to CFO in 2009, Sydney has
played an integral role in the company's growth and continued
success. I know she is excited about this new opportunity, and we
wish her the best as she embarks on a new chapter in her career. With
Murray once again taking on the CFO role while we search for Sydney's
successor, I am confident that we will be able to manage this
"I've enjoyed my time with TIBCO and appreciate the opportunities the
company has afforded me," said Ms. Carey. "While I believe TIBCO has
a very bright future, I look forward to this new and different
challenge of growing a private, pre-IPO company."
TIBCO Software Inc. (NASDAQ: TIBX) is a provider of infrastructure
software for companies to use on-premise or as part of cloud
computing environments. Whether it's optimizing claims, processing
trades, cross-selling products based on real-time customer behavior,
or averting a crisis before it happens, TIBCO provides companies the
two-second advantage(R) -- the ability to capture the right
information at the right time and act on it preemptively for a
competitive advantage. More than 4,000 customers worldwide rely on
TIBCO to manage information, decisions, processes and applications in
real time. Learn more at www.tibco.com.
TIBCO, two-second advantage and TIBCO Software are trademarks or
registered trademarks of TIBCO Software Inc. in the United States
and/or other countries. All other product and company names and marks
mentioned in this document are the property of their respective
owners and are mentioned for identification purposes only.
Media Relations Contact:
TIBCO Software Inc.
Investor Relations Contact:
TIBCO Software Inc.
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