TIBCO Software Enables Exelon Power Team to Seamlessly Integrate and Automate its Business Systems
TIBCO ActiveEnterprise Provides End-to-End Integration Platform For One of the Largest Wholesale Power Marketers in North America
HOUSTON, TX., April 11, 2002 - TIBCO Software Inc. (Nasdaq: TIBX) today announced that Exelon Power Team, the wholesale power marketing and energy-based financial-trading division of Exelon, has selected TIBCO technology as the integration platform for its enterprise applications and systems. With the help of TIBCO ActiveEnterprise™, Exelon Power Team is able to integrate its disparate systems and applications, resulting in streamlined performance and significant cost savings. This announcement was made today in conjunction with TIBCO's annual Energy Conference and is illustrative of TIBCO's continued dedication to providing business solutions for the energy industry.
Exelon Power Team relies on a number of different, often incompatible systems and applications to meet its daily business needs. TIBCO's end–to–end enterprise integration solutions create a corporate-wide infrastructure, linking Exelon's scheduling systems, financial trading and risk management systems, generating plant schedulers and settlement tools. TIBCO software will allow Exelon Power Team to control the flow of messaging between systems and automate business process workflows, leading to overall improved health of its entire business infrastructure.
"Exelon Power Team markets the power of one of the largest generation portfolios in the country. It is critical that all of our business systems work in concert to provide us with the most accurate and up-to-date data," said Michael Erdlen, vice president of information technology at Exelon. "The TIBCO solution serves as the intelligent glue holding together all of our systems. This glue is required to ensure that relevant data is passed immediately and accurately from one system to another - and sometimes back again - before it is needed by the business users."
By providing the key to connect all major systems in the Exelon Power Team network, TIBCO ActiveEnterprise affords visibility to Real–Time data and enables managers and employees to make more informed and intelligent decisions. Exelon Power Team will now begin to realize the benefits of automated business processes and improved information sharing, leading to significant cost and time savings.
"Exelon needed a highly strategic solution that would streamline its data handling, minimize manual business processes and be scalable enough to allow for growth," said Murat Sonmez, senior vice president for TIBCO Software. "We created an enterprise architecture for Exelon that would not only integrate all of its existing systems, but that would also provide flexibility for new systems and applications that may be added to the network in the future."
About the TIBCO Energy Conference
TIBCO's 4th Annual Energy Conference takes place on April 11-12, 2002 at the Omni Galleria Hotel in downtown Houston. Sponsored in part by Accenture, the Energy Conference provides an international forum to address the business challenges and strategic objectives specific to the energy industry. More than 250 partners, customers and software vendors from more than 40 leading energy companies will be in attendance to hear TIBCO provide an overview of its energy industry business integration solutions for energy trading floors, power generation facilities, utilities and upstream markets.
About TIBCO ActiveEnterprise™
TIBCO ActiveEnterprise is a comprehensive line of business integration solutions that enable companies to create a network of incompatible applications and databases. TIBCO ActiveEnterprise facilitates the integration of both off-the-shelf and custom applications using a wide range of technologies including Web Services, J2EE (Java 2 Platform, Enterprise Edition) and patented messaging software. TIBCO ActiveEnterprise provides the foundation to maximize the legacy and future technology investments of an organization's specific network infrastructure.
About Exelon
Exelon Corporation is one of the nation's largest electric utilities with approximately five million customers and more than $15 billion in annual revenues. The company has one of the industry's largest portfolios of electricity generation capacity, with a nationwide reach and strong positions in the Midwest and Mid-Atlantic. Exelon distributes electricity to approximately five million customers in Illinois and Pennsylvania and natural gas to 440,000 customers in the Philadelphia area. The company also has holdings in such competitive businesses as energy, infrastructure services and energy services. Exelon is headquartered in Chicago and trades on the NYSE under the ticker EXC.
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 1,400 customers such as Intel, NEC, Dynegy, BP, eBay, US Bank, The Limited, Delta Air Lines, Philips, AT&T, Pirelli, Yahoo! and Cisco Systems. 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, The Power of Now, TIBCO Software and TIBCO ActiveEnterprise 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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