TIBCO Signs Contract with BANCO Do BRASIL
Three-Year Software and Services Contract Expected to Drive Bank's Growth, While Addressing Customer Demand
TIBCO Software Inc. (Nasdaq: TIBX) today announced that it has signed a three-year agreement with Banco do Brasil.
Under the terms of the agreement, TIBCO will assist Banco do Brasil with its efforts to build a software infrastructure that will automate and streamline business processes; decouple its existing mainframe environment into functional islands; and ensure the consistent, reliable, and scalable event-driven distribution of information and real-time analytics for critical decision making.
"TIBCO proved to Banco do Brasil that our software infrastructure could address their vision for the back end, but could also be successfully deployed in the current IBM mainframe environment," commented Vivek Ranadivé, chief executive officer, TIBCO. "We believe this partnership will position Banco do Brasil as an agile competitor in their market space, providing the bank with the necessary tools to spur long-term innovation and growth."
About Banco do Brasil
Banco do Brasil: with a 200 years history, the bank has 47 million clients, 300 thousand shareholders and 88 thousand employees. Throughout its history, BB has developed an important role on the economic and social Brazilian development. The bank is the biggest funder of agribusiness, foreign trade and small and medium business. In 2008, BB began to offer real estate financing to people and companies. Until 2013, Banco do Brasil's aim is being among the three most important financial agents within the real estate market.
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.