HP had considered buying business software company Tibco Software Inc.

WorldWide Tech & Science. Francisco De Jesús. 

According to a Reuters source HP had considered buying business software company Tibco Software Inc.tibco until two weeks ago when talks fizzled, two sources familiar with the matter told Reuters.

For HP, the search for software company acquisitions has been crucial to Apotheker's plan to rejuvenate the legendary company.

The centerpiece of his first strategy presentation in March to investors was a plan to expand into the highly competitive cloud computing market, where services are hosted remotely in data centers.