DUBLIN, Ohio — Foresight Corp., which develops claims-validation and transaction-processing software for health care payers, has been acquired by a publicly traded California firm for an undisclosed sum.
It’s unclear what effect Tibco Software’s acquisition of Foresight will have on local jobs. A Foresight spokesman referred all questions to a Tibco official, who didn’t immediately return a call.
Foresight has more than 400 customers, including BlueCross BlueShield organizations in 31 states, according to a statement from Tibco. Foresight Chief Executive Robert Fisher will join Tibco’s management team.
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Tibco is a 2,000-employee business software company that was founded in 1985 and posted revenue of $621 million last year. The company has generated some media attention for software it’s developing called tibbr, a Twitter-like service intended for internal corporate communications.
