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Tibco Software Inc., a maker of business software, said Friday it has acquired privately held Foresight Corp. for an undisclosed amount.

Foresight makes software that validates transactions and processes claims. Among its customers are BlueCross Blue Shield organizations in 31 states.

Tibco is based in Palo Alto, Calif.

Foresight is based in Dublin, Ohio.

Tibco said Foresight CEO Robert Fisher, who founded the company, will join Tibco's management.

Tibco's shares fell 3 cents to $9.39 in midday trading.

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