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TIBCO Software and Mobileum Announce Strategic Alliance
Alliance Promotes Seamless Data Access For Mobile Workforce & Wireless Commerce Applications
LAS VEGAS, NV, June 11, 2001 - Mobileum, Inc. a wireless application server provider for mobile commerce applications, and TIBCO Software Inc. (NASDAQ: TIBX), announced today at TIBCO's Strategic Directions 2001 customer conference, a strategic alliance for mobile commerce. The alliance is designed to make it easier and faster for Global 1000 companies to develop mobile commerce applications that empower customers and employees with instant access to corporate data.
"Killer applications for wireless require instant access to integrated corporate data," stated Ram Menon, chief strategist, TIBCO Software. "Our partnership with Mobileum delivers on this requirement by combining world-class business integration infrastructure with a high performance, modular mobile delivery platform. Together we will provide integrated data access, now including wireless channels, to seamlessly extend portal services to enterprises and service providers."
TIBCO's market-leading e-business integration infrastructure software gives businesses the ability to easily integrate, extend and connect their offerings to employees, customers, partners and suppliers. Combined with the Mobileumä wireless solution, companies will now be able to extend this integration to new and innovative wireless applications that not only provide unmatched information aggregation, but new levels of personalization currently unseen on mobile devices.
"In today's cost-conscious marketplace it's becoming increasingly apparent that organizations must combine best of breed solutions from a combination of vendors to build a complete wireless solution," said Mitch Bishop, Mobileum vice president of marketing. "Together Mobileum and TIBCO provide a one-two punch - a combination of market leadership with innovative products that will define the mobile marketplace."
The Mobileum™ solution easily accommodates rapidly evolving wireless technology through an extensible, modular, standards-based architecture integrating voice and data as well as traditional telephony services. Mobileum offers a number of unique, patent-pending enhanced wireless services modules that deliver differentiated mobile applications focused on quality of service. Built-in security and privacy management assures users that their wireless transactions are safe, reliable and secure. The Mobileum solution also ensures 100 percent device, network and data source independence - resulting in seamless global access. And powerful design tools offer rapid development and unparalleled presentation services - so customers can come to market quickly.
About Mobileum, Inc.
Mobileum's wireless and mCommerce software platform is designed to power the $100B+ global wireless applications market by meeting the specific needs of organizations looking to offer mission-critical mobile applications and information services to their customers and employees. Mobileum customers are establishing a competitive advantage in the exploding wireless web economy to grow revenue, expand distribution channels, cut costs, extend their brand and provide superior service. Mobileum is headquartered in Pleasanton, California. For more information, visit www.mobileum.com.
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Note to editors: Mobileum is a trademark of Mobileum, Inc. All other product and company names mentioned herein are the property of their respective owners and are mentioned for identification purposes only. TIBCO, TIBCO Software, The Information Bus and TIB are trademarks or registered trademarks of TIBCO Software Inc.
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Mobilium Contact:
Peter Brooks
Mobileum, Inc.
Phone: 925 251-7274
email: peter.brooks@mobileum.com
About TIBCO Software Inc.
TIBCO Software Inc. (Nasdaq:TIBX) is a leading provider of total business integration solutions delivering infrastructure software that enables companies to seamlessly integrate business systems in real time. TIBCO's products enable the real–time distribution of information through patented technology called The Information Bus™, or TIB®. TIBCO technology was first used to digitize Wall Street and has since been adopted in diverse industries including financial services, telecommunications, electronic commerce, transportation, logistics, manufacturing and energy. TIBCO's global customer base includes more than 1,000 customers such as Cisco Systems, Yahoo!, Ariba, NEC, Enron, Sun Microsystems, GE Capital, Philips, AT&T, Pirelli and AOL/Netscape. Headquartered in Palo Alto, Calif., TIBCO can be reached at +1 650 846 1000 or on the Web at www.tibco.com.
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This release contains forward-looking statements regarding TIBCO's business, customers, markets served or other factors including the performance of TIBCO's strategic partner, the continuation of this partnership, and 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 partnership does not continue, or 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 April 12, 2001 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.
