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TIBCO Software Again Listed as Leader in Recent Research on Integration Middleware Vendors
PALO ALTO, CA, August 16, 2001 - TIBCO Software Inc. (Nasdaq: TIBX), a leading provider of total business integration solutions, today announced that Gartner, Inc., the world's largest information technology industry analyst firm, listed TIBCO as one of the leading vendors in the integration middleware market.
Gartner's research note, "Integration Broker Vendors Shift Market Positions," (August 7, 2001) states the following: "With $133 million in 2000, TIBCO had the second-largest market share in 2000, holding ten percent of the market."
Gartner's Magic Quadrant assesses vendors in terms of their completeness of vision and the ability to execute that vision. Their consideration of 'vision' includes an assessment of how well each vendor's management team understands the technical and marketing issues, as well as its ability to innovate, differentiate its products and grow its business. The ability to execute assessment takes into account the technical expertise, technology assets and other product features, as well as the resources the vendor allocates to the development and support of the product.
A vendor's product features are given 60 percent of the weighting in determining its position on the Magic Quadrant. The product criteria used for this study included: transport and connectivity, transformation, intelligent routing, business process management and workflow, adaptors to other software platforms, message warehouse and monitoring features - in addition to consideration of the vendor's throughput, scalability and reliability.
The Gartner Quadrant attempts to "net out" all of the measurement factors, in one consolidated, balanced rating system in order to increase its usefulness to enterprises seeking to buy comprehensive technology from one vendor to address several different integration challenges.
About TIBCO Software Inc.
TIBCO Software Inc. (Nasdaq:TIBX) is a leading provider of total business integration solutions delivering infrastructure software that enables businesses 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 1,200 customers such as Cisco Systems, Yahoo!, Ariba, NEC, Enron, Sun Microsystems, GE Capital, The Limited, Delta Air Lines, Philips, AT&T and Pirelli. 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, The Information Bus and TIB are trademarks or registered trademarks of TIBCO Software Inc. in the United States and/or other countries. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.
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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 July 13, 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.
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The Magic Quadrant is copyrighted August, 2001 by Gartner, Inc. and quoted with permission. Gartner's permission to quote its Magic Quadrant should not be deemed to be an endorsement of any company or product depicted in the quadrant. The Magic Quadrant is Gartner's opinion and is an analytical representation of a marketplace at and for a specific time period. It measures vendors against Gartner-defined criteria for a marketplace. The positioning of vendors within a Magic Quadrant is based on the complex interplay of many factors. Well-informed vendor selection decisions should rely on more than a Magic Quadrant. Gartner research is intended to be one of many information sources and the reader should not rely solely on the Magic Quadrant for decision-making. Gartner expressly disclaims all warranties, express or implied of fitness of this research for a particular purpose.
