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TIBCO Software Makes Business Integration More Widely Accessible
TIBCO BusinessWorks Is First Comprehensive, Packaged Integration Solution Supporting Web Services
PALO ALTO, CA, December 03, 2001 - TIBCO Software Inc. (NASDAQ: TIBX) today announced its strategy to make integration technology more widely accessible with TIBCO BusinessWorks™, a packaged approach to implementing a business integration framework. The newest member of the TIBCO ActiveEnterprise™ product family, TIBCO BusinessWorks is a comprehensive, easy-to-use platform that gives companies the ability to rapidly solve integration challenges in 'bite-size chunks'. TIBCO BusinessWorks is also the first solution to enable comprehensive, cross-platform Web Services for new and legacy systems, including internal application and business process integration, as well as real-time monitoring and management.
"TNT Logistics has reaped great benefits from the flow of real-time information and the elimination of process delays enabled by TIBCO's integration technology," said Terry Tutt, senior software architect for TNT Logistics, "TIBCO BusinessWorks will allow us to solve specific integration problems now and be ready to support Web Services as we need them. TIBCO BusinessWorks will significantly decrease the time required to deploy integration projects thereby allowing us to be more responsive to our customer's needs and to achieve ROI even more quickly."
Why Now?
TIBCO's heritage is in serving the most advanced, technically innovative companies, a market segment which continues to grow. But today, the business integration market has reached an inflection point. A broader segment of companies, across virtually every industry, are realizing the need to solve problems by combining existing computing resources in new ways. Companies that have invested heavily in Customer Relationship Management (CRM) systems, Enterprise Resource Planning (ERP) systems and Web applications can dramatically increase the return-on-investment (ROI) of information technology (IT) expenditures by combining incompatible systems, building critical business processes between them and capturing greater business value. Until now, business integration solutions have required specialized resources that proved daunting to many companies.
TIBCO is now bringing business integration benefits to a broader, more mainstream audience that prefer to solve their challenges with a more simplified approach. Innovators typically solve integration challenges all at once and most often buy a complete solution at the beginning of a project. The mainstream companies often prefer to purchase solutions as needed to quickly solve specific business problems. With the release of TIBCO BusinessWorks, TIBCO has created a packaged solution to make business integration accessible to virtually all companies no matter how they solve business problems. TIBCO BusinessWorks extends the range of solutions TIBCO offers and is fully compatible with all TIBCO products, allowing a BusinessWorks customer to grow to an enterprise-wide integration platform over time. TIBCO estimates that BusinessWorks will make integration technology attractive to as much as 70% of businesses worldwide.
"Customers today are demanding solutions to their most pressing business problems and application integration is no exception," said Larry Calabro, leader, EAI practice for Deloitte Consulting. "TIBCO BusinessWorks is a powerful platform enhancing our eTechnology Integration service area's ability to build industry specific TIBCO solution sets that can more rapidly solve the integration problems of a typical customer care or supply chain management initiative. The availability of these solutions can make it easier to validate client investments in integration software."
About Web Services
Web Services is the next stage in standards-based communications over the Internet, promising simplified interactions between business units, trading partners and consumer services. TIBCO BusinessWorks is the first solution to deliver sophisticated business integration, including business process integration, real-time monitoring and portals, using Web Services standards such as SOAP, WSDL, UDDI and WSFL. With Web Services, companies can reduce the cost of transacting business, speed time-to-market, increase flexibility and improve efficiency. TIBCO's Web Services offering integrates with those of other leading providers of standards-compliant Web Services such as IBM, Microsoft and Sun.
"Providing companies with an easily deployed web services based solution that optimizes best-in-class technology, reduces cost and mitigates integration risk, creates a triple win for G2000 and the mid tier players," said Joanne Friedman, vice president electronic business strategies for META Group, Inc.(METG). "Clearly, in a soft economy, it's no longer the size of the adaptor set that counts, but how quickly integration can be leveraged for competitive advantage."
About TIBCO BusinessWorks
TIBCO BusinessWorks is an easy-to-use integration solution that leverages TIBCO's proven technology and industry leadership to extend total business integration to a broader market. Features include:
"In today's business environment, most companies must consider systems and information integration in order to gain or maintain a competitive advantage," said Fred Meyer, chief strategy officer for TIBCO Software. "But a large portion of the marketplace doesn't want a Ferrari to drive to the grocery store. They'd prefer a BMW wagon. Based on TIBCO's proven technology, TIBCO BusinessWorks will enable a much larger universe of companies to attack problems with a more simplified, packaged approach, while allowing them to grow to an enterprise-wide business process platform over time."
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 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 1,300 customers such as Cisco Systems, Yahoo!, NEC, Dynegy, BP, 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, the TIBCO logo, TIBCO Software, TIBCO ActiveEnterprise and TIBCO BusinessWorks 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 from 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 5, 2001 and February 17, 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. TTIBCO assumes no obligation to update the Forward-Looking statements included in this document.
