El Paso Corporation Selects TIBCO Software as Its E-Business Infrastructure Provider

TIBCO's Software Will Automate El Paso Corporation Business Processes



Apr 04, 2001, 01:00 ET from TIBCO Software Inc.

    PALO ALTO, Calif., April 4 /PRNewswire/ --
 TIBCO Software Inc. (Nasdaq: TIBX) announced today that El Paso Corporation
 (NYSE:   EPG), a $50 billion company and operator of the longest natural gas
 pipeline in North America, has chosen TIBCO's real-time e-business
 infrastructure software to automate its energy delivery process, and its
 procurement process. Real-time process automation will give El Paso
 Corporation a competitive advantage in the deregulated energy market by:
 eliminating costly manual processes and redundant data entry, decreasing
 errors associated with manual data input and expediting energy deals faster
 and more efficiently.
     TIBCO's ActiveEnterprise product suite will automate El Paso's wholesale
 energy trading process by linking its trading software applications with its
 internal enterprise systems. This will allow real-time information to flow
 from its online wholesale energy-trading floor directly into its custom
 natural gas and electrical power delivery systems. The product suite will also
 automate El Paso's procurement process by linking its PeopleSoft and Commerce
 One e-procurement software applications directly into its internal enterprise.
 This will allow real-time information to flow from its e-procurement
 applications directly into its back-office settlement systems.
     "How a business deploys technology solutions in this dynamic environment
 will determine its success," said Graciela Martinez, chief information officer
 of El Paso Corporation. "Using TIBCO(TM) will allow us to deploy and integrate
 new and existing systems and applications quickly and efficiently, position
 El Paso as one of the world's largest automated energy companies, and give us
 the advantage we need to take a leadership position in today's deregulated
 energy market."
     "El Paso Corporation realizes the important role that real-time process
 automation plays in the deregulated energy market," said Peter Tebbenhoff,
 general manager of energy industry solutions at TIBCO Software(TM). "TIBCO's
 e-business infrastructure products will let El Paso integrate its software
 applications, custom systems and wholesale energy trading floor so that its
 business processes can occur automatically and in real-time."
 
     About TIBCO ActiveEnterprise(TM)
     The core of TIBCO's real-time software infrastructure offering is the
 TIBCO ActiveEnterprise(TM) product line, 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.
 
     About El Paso Corporation
     El Paso Corporation, the largest and most broadly based natural gas
 company in the world, spans the energy value chain from wellhead to electron.
 With an enterprise value in excess of $50 billion, El Paso is a leader in
 every phase of the natural gas industry. The company owns and operates a
 significant portion of the North American natural gas delivery grid, operates
 the fastest growing, most sophisticated energy merchant group, and is the
 nation's third largest natural gas producer.  El Paso, a leader in real
 options valuation and risk management techniques, is focused on maximizing
 shareholder value, transforming existing markets, and speeding the development
 of new markets.  Visit El Paso at www.epenergy.com.
 
     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(TM), 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(TM), 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 800 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 Software, TIBCO ActiveEnterprise, TIBCO
 ActiveExchange, TIBCO ActivePortal, TIBCO Extensibility, The Information Bus
 and TIB are trademarks or registered trademarks of TIBCO Software Inc.
 
     Legal Notice Regarding Forward-Looking Statements:  This release contains
 forward-looking statements regarding TIBCO's business, customers, markets
 served or other factors including ability of products to meet customers'
 expectations, needs, or perform as described that may affect future earnings
 or financial results. Our actual results could differ in such forward-looking
 statements. Reasons for why actual results could differ materially include if
 products are unable to successfully meet customers' expectations, or needs, or
 perform as described. 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
 most recent reports on Forms 10-Q and 10-K filed with the SEC on
 October 13, 2000 and February 27, 2001 respectively, 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.
 
 

SOURCE TIBCO Software Inc.
    PALO ALTO, Calif., April 4 /PRNewswire/ --
 TIBCO Software Inc. (Nasdaq: TIBX) announced today that El Paso Corporation
 (NYSE:   EPG), a $50 billion company and operator of the longest natural gas
 pipeline in North America, has chosen TIBCO's real-time e-business
 infrastructure software to automate its energy delivery process, and its
 procurement process. Real-time process automation will give El Paso
 Corporation a competitive advantage in the deregulated energy market by:
 eliminating costly manual processes and redundant data entry, decreasing
 errors associated with manual data input and expediting energy deals faster
 and more efficiently.
     TIBCO's ActiveEnterprise product suite will automate El Paso's wholesale
 energy trading process by linking its trading software applications with its
 internal enterprise systems. This will allow real-time information to flow
 from its online wholesale energy-trading floor directly into its custom
 natural gas and electrical power delivery systems. The product suite will also
 automate El Paso's procurement process by linking its PeopleSoft and Commerce
 One e-procurement software applications directly into its internal enterprise.
 This will allow real-time information to flow from its e-procurement
 applications directly into its back-office settlement systems.
     "How a business deploys technology solutions in this dynamic environment
 will determine its success," said Graciela Martinez, chief information officer
 of El Paso Corporation. "Using TIBCO(TM) will allow us to deploy and integrate
 new and existing systems and applications quickly and efficiently, position
 El Paso as one of the world's largest automated energy companies, and give us
 the advantage we need to take a leadership position in today's deregulated
 energy market."
     "El Paso Corporation realizes the important role that real-time process
 automation plays in the deregulated energy market," said Peter Tebbenhoff,
 general manager of energy industry solutions at TIBCO Software(TM). "TIBCO's
 e-business infrastructure products will let El Paso integrate its software
 applications, custom systems and wholesale energy trading floor so that its
 business processes can occur automatically and in real-time."
 
     About TIBCO ActiveEnterprise(TM)
     The core of TIBCO's real-time software infrastructure offering is the
 TIBCO ActiveEnterprise(TM) product line, 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.
 
     About El Paso Corporation
     El Paso Corporation, the largest and most broadly based natural gas
 company in the world, spans the energy value chain from wellhead to electron.
 With an enterprise value in excess of $50 billion, El Paso is a leader in
 every phase of the natural gas industry. The company owns and operates a
 significant portion of the North American natural gas delivery grid, operates
 the fastest growing, most sophisticated energy merchant group, and is the
 nation's third largest natural gas producer.  El Paso, a leader in real
 options valuation and risk management techniques, is focused on maximizing
 shareholder value, transforming existing markets, and speeding the development
 of new markets.  Visit El Paso at www.epenergy.com.
 
     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(TM), 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(TM), 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 800 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 Software, TIBCO ActiveEnterprise, TIBCO
 ActiveExchange, TIBCO ActivePortal, TIBCO Extensibility, The Information Bus
 and TIB are trademarks or registered trademarks of TIBCO Software Inc.
 
     Legal Notice Regarding Forward-Looking Statements:  This release contains
 forward-looking statements regarding TIBCO's business, customers, markets
 served or other factors including ability of products to meet customers'
 expectations, needs, or perform as described that may affect future earnings
 or financial results. Our actual results could differ in such forward-looking
 statements. Reasons for why actual results could differ materially include if
 products are unable to successfully meet customers' expectations, or needs, or
 perform as described. 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
 most recent reports on Forms 10-Q and 10-K filed with the SEC on
 October 13, 2000 and February 27, 2001 respectively, 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.
 
 SOURCE  TIBCO Software Inc.