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TIBCO and Siebel Systems Collaborate to Deliver Best-Practice Business Processes for Universal Application Network
TIBCO Software Provides a Design Tool for Best Practices to Reduce Costs and Speed Deployment
Palo Alto and San Mateo, CA, September 16, 2002 - TIBCO Software Inc. (Nasdaq: TIBX) and Siebel Systems, Inc. (Nasdaq: SEBL), a leading provider of multichannel eBusiness applications software, today announced the companies are leveraging their joint partnership to deliver prepackaged best-practice business processes for Universal Application Network. Siebel Systems is using TIBCO's design tool to develop these business processes for Universal Application Network to address complex application integration challenges and minimize the need for customization, speeding the deployment and lowering the total cost of ownership.
As organizations struggle to unify disparate business processes and applications, integration is one of the key corporate constraints on revenue growth, increased productivity, and business performance visibility. Application integration has traditionally required custom-built business processes, which are very expensive to develop and maintain. Universal Application Network dramatically reduces the cost and complexity of application integration, enabling organizations for the first time to cost-effectively develop and deploy cross-application business processes. Based on XML and Web Services industry standards, Universal Application Network enables organizations to select best-in-class applications and ensures that they are not locked into vendor-specific proprietary architectures. Universal Application Network includes three primary components:
- Business Process Design Tool–A selection of business process design tools for modeling and configuring existing business processes and creating new ones. TIBCO's BusinessWorks Process Modeling Tool enables organizations to model and configure existing best-practice business processes for Universal Application Network resulting in substantially reduced integration and implementation time and cost. A business analyst can use the business process design tool to describe the business process at a level that is application-independent and an application developer can further define details by providing process flows indicating how a specific application accomplishes those steps.
- Best-Practice Business Process Library–A library of prepackaged, industry-specific business processes based on best practices prebuilt, quality-assured, and provided by Siebel Systems. These business processes can be executed across multiple applications, departments, organizations, and enterprises. Siebel Systems is building this business process library, using the TIBCO business process design tool that enables users to design, configure, modify, and extend business processes for Universal Application Network. These business process design tools can import and export standards-based XML representations of business processes.
- Integration Server–An integration server executes business processes, created by the business process design tool, and coordinates interapplication communication.
The result is a vendor-independent application integration solution that enables organizations to rapidly respond to business opportunities, optimize organizational performance, and realize unprecedented business value from existing systems. Because this approach is standards-based, Universal Application Network business processes can be deployed across a diverse set of applications, in multiple company divisions and business units. This gives customers the freedom to choose best-of-class applications and leverage their existing IT investments.
"TIBCO Software is pleased to be working with Siebel Systems to support industry standards and deliver best practices to make our joint customers more successful," said TIBCO Software Chief Operating Officer Raj Mashruwala. "By providing a comprehensive tool to model business processes, we are underscoring our commitment to help customers ease integration challenges and maximize the value of their eBusiness applications."
Siebel Systems and TIBCO have developed a suite of industry-specific demonstrations that showcase the power of business process computing and ease of cross-application integration using UAN. One of the demonstrations includes an integrated portfolio and order management system illustrating how Siebel eFinance, a portfolio management application, and a trade order application can be integrated in a seamless best-practice business process that enables retail brokers to proactively manage their clients' portfolios for achieving individual financial objectives. This demonstration is available to Siebel Systems and TIBCO customers and prospects at TIBCO solution centers.
"By working with TIBCO to deliver best-practice business processes, Siebel Systems continues to help customers substantially increase the return on investment from their CRM investment and dramatically lower the cost associated with integrating disparate eBusiness applications," said Jeffrey Scheel, Vice President and General Manager, Alliances for Siebel Systems. "This customer-centric solution substantially reduces the need for application customization, minimizes complexity, speeds deployment, increases end user adoption and success rates and delivers a low total cost of ownership."
About Siebel Systems
Siebel Systems, Inc. is a leading provider of eBusiness applications software, enabling corporations to sell to, market to, and serve customers across multiple channels and lines of business. With more than 3,500 customers worldwide, Siebel Systems provides organizations with a proven set of industry-specific best practices, CRM applications, and business processes, empowering them to consistently deliver superior customer experiences and establish more profitable customer relationships. Siebel Systems' sales and service facilities are located in more than 28 countries.
About TIBCO Software Inc.
TIBCO Software Inc. (Nasdaq:TIBX), a pioneer in business integration software, offers solutions for many industries and operates around the world. Today, TIBCO is the leading company specializing solely in business integration software. TIBCO's innovative technology enables its more than 1,700 customers to unlock the power of their people, systems and processes. 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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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 July 5, 2002 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.
