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TIBCO Releases New Software That Lays Foundation for Global Electronic Business Infrastructure; Provides Rapid Way to Create Automated Trading Networks

Companies Providing Software and Services that Support TIBCO's New Product Include Ariba, ATG, Bowstreet, Contivo, GE Global Exchange Services, Interwoven, Verisign, KPMG and Deloitte Consulting

PALO ALTO, CA, April 16, 2001 - TIBCO Software Inc. (Nasdaq:TIBX) announced today the general availability of TIBCO ActiveExchange™ 2.0, a new business–to–business (B2B) integration software product line that offers a faster and more efficient way of connecting business partners to automatically conduct transactions online. The rapid creation and expansion of these trading networks is possible because TIBCO ActiveExchange 2.0 enables companies to manage the integration of trading partners from any geographic location.

Industry analysts predict that nearly five billion online B2B transactions will take place by the year 2004. According to the Yankee Group, B2B e-commerce transactions will reach $2.8 trillion in the U.S. by 2004. "Increasing e–commerce volumes from billions to trillions of dollars, which represents a fundamental change in how companies interact, will require robust integration software," said Jon Derome, senior analyst with the Yankee Group's B2B Commerce strategy practice. "TIBCO's B2B integration capabilities should allow the company to build a significant share of the integration software foundation that will enable B2B market development."

In addition to offering fast and efficient B2B integration capabilities, TIBCO ActiveExchange 2.0 also delivers other benefits that customers expect from total business integration solutions, such as:

  • real–time supply chain data sharing
  • Dynamic business process automation
  • Increased systems performance
  • Rapid distribution channel creation
  • Increased inventory visibility

"Before TIBCO's B2B solution, our back–office ERP, order fulfillment and inventory management systems couldn't communicate directly with order processing and other applications used by our distributors and suppliers. The amount of time it took for orders to be processed and inventory to be accessed was based on expensive and time–consuming manual processes," said Arrigo Andreoni, CIO of Pirelli SpA. " TIBCO has provided us with the ability to allow our vendors to place orders based on accurate real–time information that lets them know exactly what's available, alternative products, shipping dates and prices – with no delay."
"We use TIBCO ActiveExchange to give our customers a level of integration and automation that is second to none," said Len Ward, CEO of Australia's pre–eminent e–marketplace corProcure. "The versatility and scalability of TIBCO's solution enabled us to rapidly build our exchange on a platform capable of delivering the quality of services demanded by our customers."

"The success of e–commerce in a global market demands the use of B2B integration software to streamline and automate online business transactions," said Vivek Ranadivé, TIBCO's Chairman and CEO. "Companies around the world are improving business operations through the use of TIBCO's B2B integration software."

New Features & Benefits of TIBCO ActiveExchange 2.0:

  • TIB/NetworkConnector™ for the Ariba Commerce Services Network (ACSN):
    TIB/NetworkConnector for ACSN enables companies to leverage existing non-Ariba procurement and ERP applications to seamlessly integrate with the thousands of suppliers and value–added services that comprise the Ariba CSN trading community. By securely integrating existing procurement systems with Ariba CSN, businesses can benefit from real–time B2B transactions and the dynamic routing of order/response transactions between suppliers and back-office enterprise applications. (This solution is scheduled for release later this month.)
  • TIB/PartnerExpress™:
    Browser based, it provides companies with the ability to extend trading networks out to small trading partners, in order to automate processes and interactions, without having to install any software on the client side.
  • Virtual Enterprise Management and Integration:
    TIB/BusinessConnect™ provides a browser-interface that gives individual business unit network administrators, at any geographic location, the ability to immediately interact with business partners of all sizes and technical sophistication levels. This intuitive graphical user interface is accessible through the desktop from anywhere on the network, and allows business processes to be easily defined and managed with no programming required.
  • Dynamic Business Process Management:
    Pre-built business process and transformation templates allow for the rapid deployment of RosettaNet compliant B2B functionality into SAP, Oracle and other leading ERP applications and systems, so that quick and easy integration can occur.
  • Broad Support for XML:
    TIBCO ActiveExchange 2.0 includes TIBCO Extensibility XML Authority, a data management and authoring application that supports existing XML standards, and non-standards based XML formats. It also provides the ability to author proprietary XML
  • Strategic B2B Alliance Benefits:
    Also included in TIBCO ActiveExchange 2.0 are a number of value added services that offer security, logistics, content management, financial settlement, certificate validation, EDI, and other legacy system, integration. These services are made possible through alliances with companies like Valicert, Entrust, Verisign, ChipData, Saqqara, Interwoven, Ariba, Bowstreet, ATG, Contivo and GE Global Exchange Services.

Systems Integrators:

Leading global and regional systems integrators such as, KPMG, Deloitte Consulting, Xoriant, Xavor and Inventa are creating proven and rapidly deployable B2B integration solutions around TIBCO ActiveExchange. Success has them looking forward to adopting the new version.

About TIBCO Software Inc.

TIBCO Software Inc. (NASDAQ:TIBX) is a leading provider of real–time e–business infrastructure software. TIBCO's four product lines–TIBCO ActiveEnterprise™, TIBCO ActiveExchange™, TIBCO ActivePortal™ and TIBCO Extensibility™–+enable businesses to integrate enterprise applications, interact with other businesses in B2B commerce, and efficiently deliver personalized information through enterprise portals. TIBCO's products enable the real–time distribution of information through patented technology called The Information Bus™, or TIB®. TIB technology was first used to digitize Wall Street and has since been adopted in diverse industries including telecommunications, electronic commerce, manufacturing and energy. TIBCO's global direct customer base includes more than 800 customers from around the world such as Cisco Systems, Yahoo!, Ariba, NEC, Enron, Sun Microsystems, GE Capital, Philips, AT&T, Pirelli and AOL/Netscape. Headquartered in Palo Alto, California, TIBCO can be reached at (650) 846-1000 or on the web at www.tibco.com.

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TIBCO, TIBCO Software, TIBCO ActiveEnterprise, TIBCO ActiveExchange, TIBCO ActivePortal, XML Authority, XML Instance, XML Console, Turbo XML, XML Canon, XML Canon/Developer, The Information Bus, and TIB are trademarks or registered trademarks of TIBCO Software Inc.

Legal Notice Regarding Forward–Looking Statements: This release contains Forward–Looking statements regarding TIBCO's business, customers, markets served or other factors including the ability of products to meet customers' expectations, needs, or perform as described that may affect future earnings or financial results. Our actual results could differ in such Forward–Looking statements. Reasons for why actual results could differ materially include if the products are unable to successfully meet customers' expectations, needs, or perform as described. Additional information concerning factors that could cause our actual results to differ materially from those contained in the Forward–Looking statements can be found in TIBCO Software's filings with the Securities and Exchange Commission ("SEC"), including but not limited to its most recent reports on Forms 10-Q and 10-K filed with the SEC on October 13, 2000 and February 27, 2001 respectively, which identify important risk factors that could cause actual results to differ from those contained in the Forward–Looking statements including limited independent operating history, history of losses, unpredictability of future revenue, dependence on a limited number of customers, relationship with Reuters Group PLC, rapid technological and market changes, risks associated with infrastructure software and volatility of stock price. Copies of filings made with the SEC are available through the SEC's electronic data gather analysis and retrieval system (EDGAR) at www.sec.gov. TIBCO assumes no obligation to update the Forward–Looking statements included in this document.