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TIBCO Software and Teradata Announce Alliance to Connect Data Warehouses to Real-Time Business Systems, Enabling Operational Decision-Making
Companies in Global Partnership to Support Active Data Warehousing; Teradata Chief to Speak at Strategic Directions 2002
PALO ALTO, CA and DAYTON, OH, May 16, 2002 - TIBCO Software Inc. (NASDAQ: TIBX) and Teradata, a division of NCR Corporation (NYSE: NCR), today announced their global active data warehousing partnership and the availability of TIBCO's new Teradata Infrastructure Pack.
This announcement was made today at Strategic Directions 2002, where Teradata chief operating officer, Mark Hurd, is speaking on the subject of 'Enterprise Decision Management' and how TIBCO and Teradata provide contextual business intelligence combined with enterprise data warehousing for operational decision making and processes.
Strategic Directions 2002, a customer and partner conference developed by TIBCO and Reuters Group PLC, provides executives a valuable forum to explore business challenges, innovative technologies, and strategies for success. Strategic Directions is being held today through Friday, May 17 in San Francisco, California.
Using this new software from TIBCO, companies can connect their Teradata data warehouses to their operational systems–including ERP, CRM, SCM, billing, provisioning, customer service, and order entry–allowing data to flow bi–directionally between the systems within seconds of an update or change.
This means, for example, that retailers currently using their Teradata enterprise data warehouses to analyze store sales can now get an up–to–the–second picture of items sold against available inventory. Airlines can use this new software to determine in real–time the lifetime value of each of their customers–an important tool for a gate supervisor who must decide which customer should be given the last seat on a plane.
"Our customers have invested heavily in the power of data warehousing technology for strategic business decision making purposes. Now this same investment can be leveraged for tactical decision support," said Stephen Brobst, chief technology officer for Teradata. "Our partnership with TIBCO is a key component of our active data warehousing strategy to allow decision centric information throughout an organization to be delivered immediately to relevant business applications, enabling decision makers to act in real–time."
The TIBCO–Teradata Infrastructure Pack software recently concluded beta testing at industry–leading Teradata data warehouse customers, including a European logistics company, an Australian telecommunications, and an American–based global fashion retailer. Teradata and TIBCO plan to target the global telecommunications, retail, financial services, transportation, logistics, and high–tech manufacturing markets.
How it Works
Teradata's active data warehouse solutions house an immense amount of business information about customers, suppliers, product inventory and financial data. TIBCO's real–time Infrastructure Pack extends the value of these enterprise systems by exposing the rich contextual information stored in the Teradata data warehouse to the rest of the operational systems. When a new business event is detected or generated, decision support systems can now analyze the impact of the event against the backdrop of the warehouse's strategic content to make optimal business decisions that meet customer needs based on historical, current and predictive information.
"The value of our collaboration with Teradata to develop tactical decision support will be profound across the enterprise to customers, suppliers, partners and employees alike," said Murat Sonmez, senior vice president of marketing, TIBCO Software. "Unlocking the vast amount of information stored in the Teradata warehouse while simultaneously harnessing real–time, user–specific information is a powerful combination for formulating intelligent business decisions in the event–enabled enterprise of today."
Active data warehousing solutions from TIBCO Software and Teradata are now available globally.
About Teradata Division
Teradata, a division of NCR Corporation, offers powerful analytical solutions that help businesses drive growth. Teradata solutions include the Teradata database, and analytical applications for customer relationship management, operations and financial management, business performance management and e–business. To learn more about Teradata Division and its solutions, go to http://www.Teradata.com.
About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in providing Relationship Technology™ solutions to customers worldwide. NCR's Relationship Technology solutions include the Teradata® database and analytical applications such as customer relationship management (CRM) and demand chain management, store automation systems and automated teller machines (ATMs). The company's business solutions are built on the foundation of its long–established industry knowledge and consulting expertise, value–adding software, global customer support services, a complete line of consumable and media products, and leading edge hardware technology. NCR employs 30,300 in more than 100 countries, and is a component stock of the Standard & Poor's 500 Index. More information about NCR and its solutions may be found at www.ncr.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 1,500 customers such as 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, TIBCO ActiveEnterprise and TIBCO ActivePortal 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.
NCR and Teradata are trademarks or registered trademarks of NCR Corporation in the United States and other countries.
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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 materially 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 January 30, 2002, 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.
