TIBCO Software Inc. Launches New Government Solutions Practice and Executive Briefing CenterNew Center to Provide Government Agencies and Departments with Standards-based Integration Solutions - Enabling Homeland Security, Federal Enterprise Architecture, and Inter-Agency Collaboration PALO ALTO, Calif., May 10, 2004 -- TIBCO Software Inc. (Nasdaq: TIBX), a leading enabler of real-time business and the world's largest independent business integration software company, today announced the launch of a government solutions practice and Executive Briefing Center aimed at the development and delivery of standards-based integration solutions for Federal government agencies and departments. TIBCO Unveils New Government Solutions Practice In today's era of increased government efficiency and need for cross- departmental information sharing, TIBCO(R) solutions offer the Federal government a smart choice for Information Technology (IT) integration requirements. TIBCO solutions help organizations leverage existing IT investments and operate across legacy systems -- providing government agencies a lower total cost of system ownership as compared to both stovepipe legacy processes and custom, hand-coded integration methods. "Ease of implementation and use, coupled with total cost of ownership and return on investment, were paramount concerns in considering solutions providers for our procurement system," said Mike Sade, director for acquisition management and procurement executive, U.S. Department of Commerce. "These new practices offered Commerce the means to consolidate procurement processes and better track budget expenditures through commitment accounting." "TIBCO solutions, along with the support of our Federal government partners, enable government decision makers to have a far more significant impact on their organizations and agency missions," said Chris Larsen, executive vice president, Worldwide Sales and Alliances. "With our solutions in the background, decision makers leverage reduced time to action at decisive moments. Armed with rapid, easy access to actionable information, government is better able to achieve mission objectives and multi-agency collaborative goals." Collaborating with Partners to Develop Best-Value Government Solutions Located just outside of Washington, D.C. in Falls Church, Virginia, TIBCO's Executive Briefing Center offers a complete standards-based development environment for both TIBCO and industry partners. Working in tandem with solutions providers and systems integrators, TIBCO will leverage the new Executive Briefing Center to continue to develop solutions that meet the Federal government's most complex challenges. TIBCO solutions directly support government's Federal Enterprise Architecture, homeland security, and inter-agency collaboration initiatives. Further, the Executive Briefing Center will offer partners a venue in which to demonstrate capabilities to customers and prospects alike. "True process and data integration is at the heart of modernizing government and defense," said Fred Czerner, vice president technology services, Synergy, Inc., "We are excited to be working with TIBCO, an organization that understands the challenges facing today's government and offers real tools to solve complex challenges." About TIBCO Software Inc. TIBCO Software Inc. is the leading independent business integration software company in the world, demonstrated by market share and analyst reports. In addition, TIBCO is a leading enabler of Real-Time Business, helping companies become more cost-effective, more agile and more efficient. TIBCO has delivered the value of Real-Time Business, what TIBCO calls The Power of Now(R), to over 2,000 customers around the world and in a wide variety of industries. For more information on TIBCO's proven business integration, business optimization, and enterprise backbone solutions, TIBCO can be reached at +1 650-846-1000 or on the Web at http://www.tibco.com. TIBCO is headquartered in Palo Alto, CA. TIBCO, the TIBCO logo, The Power of Now and TIBCO Software 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. SOURCE TIBCO Software Inc. Web Site: http://www.tibco.com
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