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Xoriant and TIBCO Software Team to Provide Rapid and Cost Effective Solutions to Support Industry-Leading High Tech Manufacturing B2b Standards
Xoriant and TIBCO to Showcase Joint Solution at RosettaNet Partner Conference in Anaheim, CA., April 18 - 20
PALO ALTO, Calif., April 16, 2001 - Xoriant Corporation, today announced that it will use TIBCO Software™ Inc. (NASDAQ:TIBX) to provide RosettaNet compliant, rapid integration and business process automation for companies that use Xoriant PartnerConnect™ for RosettaNet integration platform. Xoriant chose the TIBCO ActiveExchange™ 2.0 business-to-business (B2B) integration software solution because it supports all existing RosettaNet Partner Interface Processes (PIPs) and will offer fast support for new PIPs as they emerge. RosettaNet B2B integration standards are supported by the world's leading high-tech manufacturing and electronic component companies; Cisco, Intel, Hewlett-Packard Texas Instruments, Motorola and SAP are among the members.
"RosettaNet's iHub processes enable high-tech manufacturing companies to improve their supply chain visibility and increase operational efficiency. In today's economic climate, efficiency is more important than it has ever been," said Girish Gaitonde, CEO, Xoriant. "With the help of TIBCO's business integration software, Xoriant is able to offer its clients that fastest path to efficiency available today."
Xoriant's commitment to using TIBCO's software is underscored by its 100 person strong Xoriant TIBCO Practice unit, which is utilizing TIBCO's technology to build solutions that make B2B e-commerce possible.
"Today's business environment demands a level of operational efficiency that can only be achieved through trading partner integration and business process automation. RosettaNet standards are helping to achieve efficiency by simplifying the integration and automation process in the high-tech manufacturing industry," said Fred Meyer, chief marketing officer, TIBCO Software™. "Xoriant's decision to integrate TIBCO ActiveExchange 2.0 with Xoriant PartnerConnect for RosettaNet underscores our commitment to RosettaNet based solutions."
About Xoriant
Founded in 1990, Xoriant Corporation provides web-enabled software products, integration and consulting services to help global enterprises maximize recurring profits throughout their network of customers, suppliers and channel partners.
Headquartered in Santa Clara, Calif., Xoriant has more than 800 employees in cities across the United States and the world. Current customers include HP, Cisco Systems, Intel, 3Com, SubmitOrder, Wells Fargo Bank and 21st Century Finance. Additional information about Xoriant is available at http://www.xoriant.com or 1-888-835-3129
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, TIBCO Extensibility, The Information Bus and TIB are trademarks or registered trademarks of TIBCO Software Inc. egal 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.



