Press Releases
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
Société Générale Goes Live with TIBCO Software Integration Solutions
TIBCO technology streamlines Société Générale Risk Evaluation Process and improves financial returns
PALO ALTO, CA, December 05, 2001 - TIBCO Software Inc. (NASDAQ: TIBX) ) today announced Société Générale Group, one of Europe's most profitable banking groups, has implemented TIBCO's Enterprise Application Integration (EAI) solutions to help minimize risk, save money and provide a better financial return to Société Générale clients. Société Générale Group evaluated other vendors' technology, but selected TIBCO for its ability to meet a spectrum of business needs in addition to standard data transformation and validation.
The TIBCO implementation involves the integration of many diverse trade capture systems. Initially located in New York, the system integrates Société Générale's global trade positions to accelerate and improve their Management Information Systems (MIS) functions from risk calculations to client relationship or cash management. Some of the benefits for Société Générale in deploying the TIBCO solution include: the ability to transfer ownership for data quality to its initial sources, enhanced scalability to handle expected volume increases through use of parallel processing, and the establishment of a standard infrastructure for supporting similar functions worldwide.
"Société Générale selected TIBCO not only for its advanced messaging technology, but also for its end-to-end EAI infrastructure," said Sylvain Pendaries, director of Debt Finance IT. "The TIBCO solution enables the integration of our diverse systems worldwide, allowing us to provide better return on investment to our customers, while decreasing our internal costs."
"TIBCO's integration and messaging suite of products enable the integration of disparate systems on an enterprise scale," said Fred Meyer, chief strategy officer of TIBCO Software. "Moving to TIBCO's open platform offers Société Générale the ability to extend its distribution platform to its trading partners and customers and enhances their ability to compete in the electronic global marketplace."
About Société Générale Group
The Société Générale Group is the sixth largest bank in the Euro zone (based on market capitalization). Recognized for its profitability and its capacity for innovation, Société Générale Group figures in the top tier of the most profitable banks in Europe. This performance is part of a dynamic trend of selective growth that involves all the Group's business lines: Retail Banking, Corporate and Investment Banking, and Asset Management and Private Banking. www.socgen.com
SG is the corporate and investment banking arm of the Société Générale Group. Present in over 50 countries and with expertise in capital markets, advisory and origination services, structured finance and commercial banking, SG builds innovative, integrated financial solutions for its corporate, institutional and public sector clients. For more information, please visit www.sg-ib.com.
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, 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.
