TIBCO Enhances MDM Portfolio to Help Organizations Better Address Data Quality and Governance Challenges
TIBCO Unveils Industry's First Enterprise Platform That Integrates Machine Intelligence with Master Data Management, Leveraging Netrics Software
TIBCO Software Inc. (NASDAQ: TIBX), today announced the general availability of TIBCO Collaborative Information Manager™ version 7.2.1 – the first enterprise master data management (MDM) platform to provide out-of-the box functionality that offers customers powerful new tools to address their data integrity challenges using machine intelligence.
TIBCO has integrated Netrics' mathematical, algorithmic-based matching engine with its flagship TIBCO Collaborative Information Manger product. "We are excited to work with TIBCO to enhance the company's MDM offering with Netrics' best-of-breed matching technology," said Stefanos Damianakis, CEO of Netrics. "Netrics' engine provides real-time data-matching that is critical to managing customer data and is proven scalable despite high volumes of data errors."
The new version of TIBCO Collaborative Information Manager enables faster and more accurate data cleansing with fewer errors, minimizing the burden placed on the business user. The integrated offering considerably improves the finding of duplicate records in very large data sets through advanced mathematical modeling of human similarity. This approach to advanced data cleansing ensures a high degree of accuracy across many different data types such as customers, products, vendors, locations etc.
Additionally, TIBCO Collaborative Information Manager offers the opportunity for lower upfront implementation time and costs and an overall lower total cost of ownership due to the fact that customers will no longer have to spend the time and money to develop and maintain rules, which is a requirement of the traditional rules-based approach to de-duplication.
"Innovation is the cornerstone of everything we do within the MDM group at TIBCO," said Inderjeet Singh, vice president, Emerging Technologies, at TIBCO. "Businesses today struggle with rules-based approaches to data quality with mixed results and high service costs. With the addition of the Netrics Matching Engine, we will help our customers achieve a much greater degree of information integrity while reducing implementation risk and costs."
TIBCO will have an exhibit space, booth number 203, at the MDM Summit Americas 2009, being held at the Hyatt Regency in San Francisco. Stop by the booth on Wednesday, August 26th from 10:00-11:00 am to learn more about TIBCO's MDM offering or visit, www.tibco.com.
TIBCO's technology digitized Wall Street in the '80s with its event-driven "Information Bus" software, which helped make real-time business a strategic differentiator in the '90s. Today, TIBCO's infrastructure software gives customers the ability to constantly innovate by connecting applications and data in a service-oriented architecture, streamlining activities through business process management, and giving people the information and intelligence tools they need to make faster and smarter decisions, what we call The Power of Now®. TIBCO serves more than 3,000 customers around the world with offices in more than 20 countries and an ecosystem of over 200 partners. Learn more at www.tibco.com.
TIBCO, TIBCO Software, and The Power of Now 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.