Persistence Software and TIBCO Software Offer Comprehensive E-Commerce Platform for Mission Critical B2B
SAN MATEO, Calif.--(BUSINESS WIRE)--Feb. 22, 2000--
PowerTier with TIB/ActiveEnterprise provides complete e-business
technology infrastructure for enterprise customers
Persistence Software (Nasdaq: PRSW), The Engine for E-Commerce(tm), today announced it
has entered into a licensing agreement with TIBCO Software Inc. (Nasdaq: TIBX) to resell
TIBCO's real-time e-business infrastructure platform, TIB(R)/ActiveEnterprise(R), with
its PowerTier(tm) application server. PowerTier has the unique ability to cache and
synchronize data across multiple servers while TIB/ActiveEnterprise enables real-time
business process integration. The proven combination of PowerTier and
TIB/ActiveEnterprise has already been validated in a mission-critical environment at the
world's largest agency brokerage firm, Instinet Fixed Income, a wholly-owned subsidiary
of Reuters Group PLC. Persistence will market and support the combined products, further
proving itself as the high-end provider of complete technology infrastructures for
customers' modern B2B e-commerce applications.
"B2B e-commerce will soon represent the largest segment of e-commerce," said Vivek
Ranadiv, chairman and CEO of TIBCO Software. "The combination of TIBCO's world-class
infrastructure software and Persistence's patented technology provides customers with a
comprehensive B2B e-commerce solution."
TIB/ActiveEnterprise is a real-time e-business infrastructure platform for scalable,
high availability services across heterogeneous applications and platforms. Disparate
enterprise and e-business applications tied together by TIB/ActiveEnterprise exchange
data transparently -- over local networks, throughout the enterprise, and across the
Internet. Coupled with TIB/ActiveEnterprise software, PowerTier e-commerce servers form a
scalable, fault-tolerant network of processing servers. The complimentary technology will
enhance e-commerce business processes and applications with real-time delivery and
synchronized messaging between servers.
"Customers are no longer looking for point solutions. Instead, they want a complete
solution from one vendor," commented Chris Keene, chief executive officer, Persistence
Software. "With the addition of TIB/ActiveEnterprise software, PowerTier networks are now
enhanced with e-business infrastructure, which is a tremendous advantage for customers."
About TIBCO Software
TIBCO Software Inc. (Nasdaq: TIBX) is a leading provider of real-time infrastructure
software for e-business. TIBCO's products and services enable computer applications and
platforms to communicate efficiently across networks. The TIB(R)/ActiveEnterprise(R)
product suite facilitates the distribution of information and integration of business
processes by connecting applications to a network through patented technology called The
Information Bus(R) or TIB. TIB technology was first used to "digitize" Wall Street and
has been adopted in diverse industries, including manufacturing, energy,
telecommunications, and electronic commerce. TIBCO Software's global client base includes
Cisco, Yahoo!, NEC, 3Com, Sun Microsystems, SAP, Philips, AT&T and AOL/Netscape.
Headquartered in Palo Alto, California, TIBCO Software can be reached at (650) 846-1000
or on the web at www.tibco.com.
About Persistence Software
Persistence Software, The Engine for E-Commerce(tm), empowers customers with a
comprehensive e-commerce infrastructure, providing solutions for companies in the early
stages of developing an architecture to those building large-scale enterprise systems.
Persistence's patented caching technology harnesses the power of the Internet and enables
customers to create a highly personalized e-commerce experience. The PowerTier product
family delivers concrete business advantages through rapid development, scalability,
reliability, and business integration. Combined with the company's consulting, education,
and support services, Persistence is providing the technology for customers such as
Cisco, FedEx, and Instinet to build some of the world's most innovative and reliable
e-commerce architectures. Persistence Software (Nasdaq: PRSW) was founded in 1991, and is
headquartered in San Mateo, California. For more information, visit Persistence at
www.persistence.com.
TIBCO, TIB/ActiveEnterprise, TIB/Rendezvous, The Information Bus and TIB are
trademarks or registered trademarks of TIBCO Software Inc. Legal Notice Regarding
Forward-Looking Statements: This release may contain forward-looking statements regarding
TIBCO's business, customers or other factors that may affect future earnings or financial
results. Actual results could differ materially from those projected in such
forward-looking statements. 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 registration statement on Form S-1
which was declared effective by the SEC on July 13, 1999, and the most recent reports on
Form 10-Q, 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.
Except for the historical information contained herein, the matters discussed in this
news release are forward-looking statements involving risks and uncertainties, which
could cause actual results to differ materially from those in such forward-looking
statements. Potential risks and uncertainties include, but are not limited to,
Persistence Software's limited operating history, potential fluctuations in our operating
results, uncertainties related to our long sales cycle, our reliance on a relatively
small number of customers, our dependence on the Java programming language and the
Enterprise JavaBeans standard becoming widely accepted standards, failure to manage our
growth or attract and retain the services of key employees, our need to deliver products
that meet rapidly changing technology standards, our need to build a strong direct sales
team and develop third party sales channels, our dependence on the deployment of
enterprise-wide system deployments, and our need to address competition from companies
with substantially greater resources. Further information regarding these and other risks
is included in our prospectus dated June 24, 1999 and in our other filings with the
Securities and Exchange Commission.
(c) 1999 Persistence Software Inc. Persistence is a registered trademark and PowerTier
is a trademark of Persistence Software Inc. in the United States and other countries.
Persistence currently holds U.S. Patents Nos. 5,499,371; 5,615,362; 5,706,506. All other
product, trademark, company, or service names mentioned herein are the property of their
respective owners.
CONTACT: Persistence Software
Joan Powell, 650/372-3634
jpowell@persistence.com
or
The Loomis Group
Wendy Lewis, 415/882-9494
wendy@loomisgroup.com
10:02 EST FEBRUARY 22, 2000
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