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Technology Stocks : TIBCO Software Inc - ( Nasdaq - TIBX )

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To: robnhood who wrote (257)9/27/2000 6:24:25 AM
From: 2MAR$  Read Replies (1) of 289
 
Tibco To Offer IT Infrastructure To Pirelli

World's Leading Tire and Cable Company Selects e-Business Infrastructure From
TIBCO Software
TIBCO to Provide Pirelli With a Flexible Real-Time IT Infrastructure
PALO ALTO, Calif., Sept. 27 /PRNewswire/ -- Advancing its leadership in the
e-business space, TIBCO Software Inc. (Nasdaq: TIBX), announced today that
Pirelli SPA, the world-leading provider of cables and tires, has selected
TIBCO Software to create a flexible, scalable and reliable real-time
information technology (IT) infrastructure, allowing Pirelli to improve
traditional business processes and engage in business over the Internet.
"The Internet gives us the opportunity to add value to our products and
services, and dramatically changes the traditional way of doing business,"
said Arrigo Andreoni, Pirelli's CIO. "TIBCO will enable us to integrate our
internal processes and tie our customers and partners into those processes
over the Internet, thus increasing productivity and reducing costs."
The TIBCO ActiveEnterprise(R) e-business product suite provides Pirelli with
the necessary tools for enterprise-wide data integration and transformation
as well as business process coordination and enterprise monitoring.
The TIBCO ActivePortal(TM) products extends TIBCO's comprehensive
integration infrastructure to include preparation and presentation of
personalized content for Pirelli employees, customers and business partners.

"The TIBCO ActivePortal products will enable us to consolidate in real-time
all of our relevant business data into one customizable view, and make this
information easily available to our employees, partners and customers," said
Andreoni. "TIBCO's portal technology, combined with Interwoven's Teamsite,
gives us an integrated solution for the management and presentation of
up-to-date Pirelli corporate information."
TIBCO ActiveExchange(TM) enables Pirelli to conduct secure, real-time
commerce transactions with other enterprises and B2B intermediaries. "With
the TIBCO ActiveExchange product line we will be able to efficiently
automate our business processes in real-time with our distributors,
customers and suppliers. This will have a clear positive impact on our
bottom line," said Andreoni.
"Pirelli is a leading innovator in the cable and tire industry," said Vivek
Ranadive, chairman and CEO of TIBCO Software. "As a fast growing global
company, Pirelli understands the importance of doing business in real-time.
TIBCO is helping Pirelli create an e-business infrastructure that can
support significant growth and enable Pirelli to stay ahead of the
competition in the Internet economy."
About TIBCO ActiveEnterprise, TIBCO ActivePortal and TIBCO ActiveExchange
The core of TIBCO's real-time software infrastructure offering is the TIBCO
ActiveEnterprise suite, designed for building a complete, end-to-end
Internet and enterprise infrastructure that successfully scales to the most
demanding business information networks. It provides a real-time e-business
integration platform that encompasses data integration and transformation,
business process coordination, messaging, enterprise portals and alerting,
adapters for legacy, packaged and third-party applications, plus enterprise
monitoring and management.
TIBCO ActivePortal enables companies to develop and deploy Internet portals
which can transmit corporate information, such as inventory and sales data
and customer service information, in real-time to wireless devices.
Conversely, wireless users can access corporate data available through a
portal, and receive wireless alerts about such information as appointment
changes, sales data or stock prices.
TIBCO ActiveExchange is a set of products that offer a business-to-business
(B2B) platform to rapidly enable enterprise hubs and e-marketplaces to
connect suppliers, distributors and partners. Based on TIBCO's
industry-leading ActiveEnterprise infrastructure software suite, products in
the ActiveExchange family include TIB/BusinessConnect(TM),
TIB/BusinessConnect for RosettaNet and TIB/BusinessPartner(TM).
About Pirelli SPA
Pirelli SPA is the holding company based in Milan (Italy) that owns and
controls the Pirelli Group's operations worldwide. The Group is a global
manufacturer of tires, communications and power cables and systems, and is
increasingly focusing its R&D and manufacturing resources and competencies
on leading edge technologies. Pirelli has affiliates in 21 countries and
operates 87 factories with more than 40,000 employees and consolidated sales
in 1999 of $6.5 billion.
About TIBCO Software, Inc.
TIBCO Software Inc. is a leading provider of real-time e-business
infrastructure software. TIBCO's four product lines -- TIBCO
ActiveEnterprise(R), TIBCO ActiveExchange(TM), TIBCO ActivePortal(TM) and
TIBCO Extensibility(TM) -- enable businesses to integrate enterprise
applications, interact with other businesses in B2B commerce, and
efficiently deliver personalized information through enterprise portals.
TIBCO's products enable the real-time distribution of information through
patented technology called The Information Bus(R), or TIB(R). TIB technology
was first used to digitize Wall Street and has since been adopted in diverse
industries including telecommunications, electronic commerce, manufacturing
and energy. TIBCO's global direct customer base includes more than 600
customers from around the world such as Cisco Systems, Yahoo!, Ariba, NEC,
Enron, Sun Microsystems, GE Capital, Philips, AT&T, Pirelli and
AOL/Netscape. Headquartered in Palo Alto, California, TIBCO can be reached
at 650-846-1000 or on the web at www.tibco.com.
NOTE: TIBCO, TIBCO ActiveEnterprise, TIBCO ActiveExchange, TIBCO
ActivePortal, TIBCO Extensibility, TIB/Adapter, TIB/PartnerExpress,
TIB/RendezvousTX, TIB/BusinessConnect, TIB/BusinessPartner, The Information
Bus and TIB are trademarks or registered trademarks of TIBCO Software Inc.
SOURCE TIBCO Software Inc.
/CONTACT: Caroline Phillips, 650-846-5697, or caroline@tibco.com, or Tanya
Klaserner, 650-846-5796, or tanyak@tibco.com, both of TIBCO Software Inc./
/Web site: tibco.com
(TIBX) CO: TIBCO Software Inc.; Pirelli SPA ST: California, Italy IN: CPR
TLS SU: CON

(END) DOW JONES NEWS 09-27-00
06:21 AM
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