Tibco Software buys Netrics for undisclosed price

Tibco buys Netrics for undisclosed price

SAN FRANCISCO — Business software maker Tibco Software Inc. said late Thursday that it agreed to buy privately held business data matching software company Netrics for an undisclosed sum.

The company also said Netrics’ CEO and President Stefanos Damianakis joined Tibco.

Shares of Tibco, which also reported fiscal first-quarter results above analyst expectations, rose 44 cents, or 4.2 percent, to $11.05 in afternoon trading. They earlier set a new year high of $11.55, eclipsing a prior peak of $10.96.