PALO ALTO, Calif., April 23 /PRNewswire-FirstCall/ -- TIBCO Software Inc. (Nasdaq: TIBX) today announced that TIBCO BusinessEvents(TM), a complex event processing (CEP) offering that enables organizations to identify meaningful patterns among the countless events that occur across their business, has been named a Gold Award winner for General Purpose Event Processing platforms by Bloor Research in their 2006 Event Processing Solutions report. TIBCO BusinessEvents received the award based on strong results across the evaluation criteria, placing in the Champion sector in four out of seven evaluation areas. Companies in the champion sector are categorized as being well-known and well-established in the market, held in high regard by users and exhibiting continual innovation. In addition, TIBCO received the highest placement in the Champion sector on The Landscape Diagram, which represents the total scores for the various products evaluated in the report. "TIBCO BusinessEvents is highly functional and is a market leading product. The fact that it is offered by a company with a worldwide presence (with services to match) is a significant benefit," said Philip Howard, research director - Data, Bloor Research. "TIBCO has also taken a leadership position in the standards community, proposing the establishment of a functional reference architecture for event processing," added Howard. One of the world's leading IT research, analysis and consultancy organizations, UK-based Bloor Research evaluated 18 different suppliers in October 2006 to explore how generally available event processing products, and the companies themselves, performed against a pre-set selection criteria. Criteria included: stability and risk, ease of use (including implementation), fitness for purpose, scalability and performance, architecture, support and (geographic) coverage, and value for money. "TIBCO BusinessEvents continues to gain positive recognition in the marketplace, as evidenced by Bloor Research's recent evaluation of our CEP solution," said Ram Menon, executive vice president, Worldwide Marketing, TIBCO. "We are committed to upholding this distinction through a continued focus on standards compliance and customer-driven innovation." About Bloor Research Founded in 1989, Bloor Research is one of the world's leading IT research, analysis and consultancy organizations -- distributing research and analysis to IT user and vendor organizations throughout the world via online subscriptions, tailored research services and consultancy projects. Bloor Research's research and analysis have been acknowledged by the world's press, other industry analysts and commentators as some of the most authoritative work ever produced on computing and business issues. The accuracy and integrity of our research and its impartial conclusions have earned Bloor Research international acclaim. About TIBCO TIBCO Software Inc. (Nasdaq: TIBX) provides enterprise software that helps companies achieve service-oriented architecture (SOA) and business process management (BPM) success. With over 3,000 customers, TIBCO has given leading organizations around the world better awareness and agility -- what TIBCO calls The Power of Now(R). To learn more, contact TIBCO at +1 650-846-1000 or on the Web at http://www.tibco.com. TIBCO, The Power of Now, TIBCO BusinessEvents 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.