The provider of business integration software also said it has spent $28 million to pre-pay a 51-year lease for the land upon which the buildings are situated. Neither the size of the buildings acquired nor the amount of land leased were provided as part of the filing and were not otherwise immediately available. The company's official address is 3303 Hillview Avenue.
In connection with this purchase and lease arrangement, Tibco obtained a $54-million mortgage note payable to a financial institution that is collateralized by the commercial real estate property, according to the filing.
A source at the company was not immediately available for comment Thursday afternoon. In June, the company reported a second quarter net loss of $600,000 on revenue of $61.5 million.
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