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Software Mogul Joins Mayor’s Kings Investor Group

SACRAMENTO-

TIBCO Software chairman Vivek Ranadive confirmed his involvement in Sacramento Mayor Kevin Johnson’s group to keep the Kings in town Thursday.

“Looking forward to supporting @KJ_MayorJohnson as we work towards keeping the @SacramentoKings where they belong. #HereWeStay” Ranadive tweeted.

Ranadive is a minority owner of the Golden State Warriors. His company, TIBCO, creates automation software and earned more than $1 billion in 2012.

“Excited to be a part of the revitalization of a great community and the globalization of an amazing franchise. #HereWeStay” Ranadive wrote on his Twitter account.

He will be teaming with former 24-Hour Fitness owner Mark Mastrov and business magnate Ron Burkle in the city’s effort to keep the Kings in Sacramento.