To: LKO who wrote (103 ) 11/3/1999 11:59:00 PM From: Mark Sagarin Read Replies (1) | Respond to
The Real Internet Magic: The E-Process Revolution
TIBCO CEO and Other Visionaries Discuss Next Internet Revolution at
Deutsche Banc Alex. Brown 1999 Technology Conference
BALTIMORE, Nov. 2 /PRNewswire/ -- A tectonic shift is occurring in
business: companies are moving beyond simply e-buying and e-selling and
are using the Internet to transform their fundamental business
processes. The ``e-process revolution' enables new businesses to
leverage the power of the Internet to transform their business
processes, creating new revenue opportunities, increasing efficiencies
throughout the value chain and driving new competitive advantages.
This is the topic of today's Deutsche Banc Alex. Brown 1999 Technology
Conference, which focuses on the infrastructure behind the lucrative
Business-to-Business (B2B) e-commerce market. While the consumer retail
market on the Internet is expected to grow to $105 billion by 2003, the
real money lies in the B2B market, which is predicted to grow to $1.5
trillion in that same time.
The movement to capitalize on B2B e-commerce is enhancing the demand for
products from companies such as TIBCO Software (Nasdaq: TIBX - news).
``The e-process revolution is spawning demand for a wide variety of
Internet-centric solutions that help companies leverage the Internet,'
said The E-Process Revolutionary, a new report published by Deutsche
Banc Alex. Brown. ``As companies wrap up their lengthy ... Year 2000
fixes, we believe they will collectively drive a huge wave of
e-process-related spending.'
TIBCO Software's chairman and CEO Vivek Ranadive will speak at the
conference today on a panel comprised of industry visionaries from
companies including Ariba, 3Com and Federal Express.
``The most successful companies in the 21st century will leverage the
Internet to automate and integrate business processes in order to reduce
costs and deliver high quality customer satisfaction in real-time,'
said Ranadive. ``Hundreds of companies rely on TIBCO Software to provide
a world-class infrastructure that integrates software applications and
e-processes.'
The B2B market, in which companies trade goods among themselves, is very
much like a Wall Street trading floor, according to Ranadive, a pioneer
who built the first digital trading floor on Wall Street in the 1980s.
TIBCO Named To e-Process Stock Index
TIBCO Software was recently named to Deutsche Banc Alex. Brown's
e-Process Stock Index. The index, which also includes Ariba,
BroadVision, Commerce One, Inktomi, and Oracle, is made up of 21
companies that provide ``hyper-efficient' ways of using the Internet to
perform routine business functions. Companies on the e-Process Index
help other organizations build efficient e-business models, virtually
integrate the supply chain, maximize customer Net Present Value (NPV)
and thereby capitalize on the B2B-commerce opportunity.
