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Technology Stocks : Discover TIBCO Software [NASDAQ: TIBX]

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To: Champolion who wrote ()6/24/1999 11:25:00 PM
From: Champolion   of 10
 
TIBCO Software Joins the Cisco Application Initiative; Providing ASPs with Industrial-Strength Application Integration Infrastructure and TIBCO.net Hosted Services
( Business Wire )
--------------------------------------------------------------------------------

( BW)(CA-TIBCO-SOFTWARE-2) TIBCO Software Joins the Cisco Application
Initiative; Providing ASPs with Industrial-Strength Application
Integration Infrastructure and TIBCO.net Hosted Services

Business Editors, High-Tech Writers

SAN FRANCISCO--(BUSINESS WIRE)--May 13, 1999--TIBCO Software
today announced that it is joining the Cisco Hosted Application
Initiative, aimed at empowering small- to mid-sized companies with the
IT solutions that they previously could not support or afford.
TIBCO Software, a leading supplier of enterprise application
integration solutions, joins an elite group of software application
vendors, service providers, system integrators and technology partners
including to host and deliver a variety of business applications over
the Internet to their customers.
"We selected TIBCO to join our Hosted Application Initiative
because the company has a time-tested record of delivering
world-class, flexible solutions that can scale to Internet-class
network demands," said Eugene Lee, vice president of marketing for
Cisco's Small/Medium line of business. "The new initiative enables
ASPs and their customers alike to build a reliable, cost-effective
application infrastructure that promises to scale up to today's
demands and well into the future."
"Application service providers are leveling the playing field for
all businesses in this Internet economy," said Tugrul Firatli, vice
president of networking and telecommunications solutions at TIBCO.
"We're now in an age where a company, with the right information
systems, products and services, has the ability to virtually compete
with a company 50 times its size. But to make that happen, today's
companies must have the computer industry's best ASPs and vendors
behind them. TIBCO and Cisco are working together to provide the most
scalable application integration infrastructure and hosted content
services available today."
As an active participant in the Cisco initiative, TIBCO will
provide its TIB/ActiveEnterprise product suite and consulting services
to ASPs. These consulting services will enable ASPs to implement
world-class architectures for their customer-base that deliver the
integration framework to connect a comprehensive suite of enterprise
applications and support thousands of Small and Medium Enterprises
(SMEs). Also, TIBCO will offer a hosted service called TIBCO.net, an
enterprise-strength portal service that is intended for businesses who
want to tap the real-time and near-real time external sources of
information, such as stock quotes and news and make them available to
their employees, customers and partners.

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