Luminant Uses TIBCO Software to Provide Cinergy With a Real-Time, Integrated Energy Trading Platform

Cinergy's TIBCO-Powered Trading Platform Gives Traders a Competitive Advantage

In the Deregulated Energy Market



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

    PALO ALTO, Calif. and DALLAS, April 4 /PRNewswire/ --
 TIBCO Software(TM) Inc. (Nasdaq:   TIBX) and
 Luminant Worldwide Corporation (Nasdaq:   LUMT), today announced that Cinergy,
 an international energy company serving more than 1,500,000 electric and
 500,000 gas customers in the U.S. alone, relies on TIBCO's e-business
 infrastructure software to provide access to its commodity trading floor and
 integration into its back-office systems.
     Luminant used the TIBCO ActiveEnterprise(TM) product suite to help
 integrate Cinergy's new trading floor application and connect it to Cinergy's
 back office billing, scheduling, trading, accounting, risk management and
 tie-out systems. The integration solution created by Luminant will allow
 Cinergy traders to make purchases and complete sales within a new power
 trading system currently under construction, while minimizing the time to
 process trades through other mid- and back-office systems.  TIBCO(TM) will
 also stream real-time tagging information into the new trading system so that
 hourly traders, who are attributable for the largest volume of Cinergy
 transactions, can settle more quickly and maximize trading time. The ability
 to make transactions based on real-time data is critical to survival in the
 deregulated market, an arena where prices can change in an instant.
     "TIBCO's technology allows us to provide our customers with cutting-edge
 e-business infrastructures which puts them ahead of the game, and prepares
 them for the future," said Ankur Laroia, National EAI Solutions Leader of
 Luminant. "All companies, regardless of the industry they compete in, need a
 flexible and scalable e-business infrastructure to enable success. TIBCO
 provides the most high-performance infrastructure software available."
     "Luminant knows that the winners in today's economy and deregulated energy
 market will be those that adopt technology that enables real-time trading and
 systems integration," said Peter Tebbenhoff, general manager of the energy
 industry for TIBCO Software. "TIBCO is proud of its ability to provide
 technology that makes real-time trading and systems integration possible."
     Luminant's work with Cinergy and partnership with TIBCO is another example
 of its depth and experience in its Energy Solutions practice, which provides
 industry experience, business insight and technical expertise to energy
 companies faced with challenges driven by regulation and deregulation,
 technology, consolidation, and globalization.  Comprised of business and
 technical professionals with an average of 15 years or more of energy-related
 experience, this team is currently working in partnership with 12 of the top
 50 global energy companies, as ranked by PFC Energy 50, that have a combined
 market value of more than $450 billion.
 
     About TIBCO ActiveEnterprise
     The core of TIBCO's real-time software infrastructure offering is the
 TIBCO ActiveEnterprise product 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.
 
     About Cinergy Corp.
     Cinergy Corp. (NYSE:   CIN) was created in October 24, 1994 from the
 combination of The Cincinnati Gas & Electric Company and PSI Energy, Inc., the
 largest electric utility in Indiana. Based in Cincinnati, Ohio, Cinergy Corp.,
 is one of the leading diversified energy companies in the U.S.  Its largest
 operating companies, The Cincinnati Gas & Electric Company
 (Cinergy/CG&E)(Ohio), Union Light, Heat & Power (Cinergy/ULH&P) (Kentucky),
 Lawrenceburg Gas (Cinergy/LG) (Indiana), and PSI Energy, Inc. (Cinergy/PSI)
 (Indiana), serve more than 1.5 million electric customers and 500,000 gas
 customers located in a 25,000-square-mile service territory encompassing
 portions of Indiana, Ohio and Kentucky.
     The company's international business unit, Cinergy Global Resources, owns
 and operates power generation, transmission and distribution assets in the
 Czech Republic, Spain, the United Kingdom, Zambia, Kenya, South Africa,
 Estonia and the United States. Cinergy is also active in European gas and
 electricity markets.
     Cinergy employs approximately 8,950 employees in nine countries. Cinergy
 is active in U.S. power and natural gas markets and maintains a 24-hour-a-day,
 seven-day-a-week trading operation.
 
     About Luminant
     Luminant Worldwide Corporation (www.luminant.com) is a provider of
 technology-enabled, business solutions. Our effective, proven business
 solutions help some of the world's largest companies fully capture measurable
 value from the Internet and other emerging technologies. We build clients for
 life by continuously delivering excellent performance rooted in deep industry
 experience, classic strategic management consulting, strong logistics and
 marketing strategy analytics, and innovative creative and information
 technology skills. Luminant's principal locations are in Atlanta, Chicago,
 Dallas, Houston, New York City, Washington, D.C., San Francisco and Seattle.
 For more information, visit www.luminant.com, call 888-225-4468 or join our
 quarterly investor newsletter mailing list by sending a request to
 insights@luminant.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 the performance of TIBCO's strategic
 partner, the continuation of this partnership, and the 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 the partnership does not continue, or the products are
 unable to successfully meet customers' expectations, 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. and DALLAS, April 4 /PRNewswire/ --
 TIBCO Software(TM) Inc. (Nasdaq:   TIBX) and
 Luminant Worldwide Corporation (Nasdaq:   LUMT), today announced that Cinergy,
 an international energy company serving more than 1,500,000 electric and
 500,000 gas customers in the U.S. alone, relies on TIBCO's e-business
 infrastructure software to provide access to its commodity trading floor and
 integration into its back-office systems.
     Luminant used the TIBCO ActiveEnterprise(TM) product suite to help
 integrate Cinergy's new trading floor application and connect it to Cinergy's
 back office billing, scheduling, trading, accounting, risk management and
 tie-out systems. The integration solution created by Luminant will allow
 Cinergy traders to make purchases and complete sales within a new power
 trading system currently under construction, while minimizing the time to
 process trades through other mid- and back-office systems.  TIBCO(TM) will
 also stream real-time tagging information into the new trading system so that
 hourly traders, who are attributable for the largest volume of Cinergy
 transactions, can settle more quickly and maximize trading time. The ability
 to make transactions based on real-time data is critical to survival in the
 deregulated market, an arena where prices can change in an instant.
     "TIBCO's technology allows us to provide our customers with cutting-edge
 e-business infrastructures which puts them ahead of the game, and prepares
 them for the future," said Ankur Laroia, National EAI Solutions Leader of
 Luminant. "All companies, regardless of the industry they compete in, need a
 flexible and scalable e-business infrastructure to enable success. TIBCO
 provides the most high-performance infrastructure software available."
     "Luminant knows that the winners in today's economy and deregulated energy
 market will be those that adopt technology that enables real-time trading and
 systems integration," said Peter Tebbenhoff, general manager of the energy
 industry for TIBCO Software. "TIBCO is proud of its ability to provide
 technology that makes real-time trading and systems integration possible."
     Luminant's work with Cinergy and partnership with TIBCO is another example
 of its depth and experience in its Energy Solutions practice, which provides
 industry experience, business insight and technical expertise to energy
 companies faced with challenges driven by regulation and deregulation,
 technology, consolidation, and globalization.  Comprised of business and
 technical professionals with an average of 15 years or more of energy-related
 experience, this team is currently working in partnership with 12 of the top
 50 global energy companies, as ranked by PFC Energy 50, that have a combined
 market value of more than $450 billion.
 
     About TIBCO ActiveEnterprise
     The core of TIBCO's real-time software infrastructure offering is the
 TIBCO ActiveEnterprise product 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.
 
     About Cinergy Corp.
     Cinergy Corp. (NYSE:   CIN) was created in October 24, 1994 from the
 combination of The Cincinnati Gas & Electric Company and PSI Energy, Inc., the
 largest electric utility in Indiana. Based in Cincinnati, Ohio, Cinergy Corp.,
 is one of the leading diversified energy companies in the U.S.  Its largest
 operating companies, The Cincinnati Gas & Electric Company
 (Cinergy/CG&E)(Ohio), Union Light, Heat & Power (Cinergy/ULH&P) (Kentucky),
 Lawrenceburg Gas (Cinergy/LG) (Indiana), and PSI Energy, Inc. (Cinergy/PSI)
 (Indiana), serve more than 1.5 million electric customers and 500,000 gas
 customers located in a 25,000-square-mile service territory encompassing
 portions of Indiana, Ohio and Kentucky.
     The company's international business unit, Cinergy Global Resources, owns
 and operates power generation, transmission and distribution assets in the
 Czech Republic, Spain, the United Kingdom, Zambia, Kenya, South Africa,
 Estonia and the United States. Cinergy is also active in European gas and
 electricity markets.
     Cinergy employs approximately 8,950 employees in nine countries. Cinergy
 is active in U.S. power and natural gas markets and maintains a 24-hour-a-day,
 seven-day-a-week trading operation.
 
     About Luminant
     Luminant Worldwide Corporation (www.luminant.com) is a provider of
 technology-enabled, business solutions. Our effective, proven business
 solutions help some of the world's largest companies fully capture measurable
 value from the Internet and other emerging technologies. We build clients for
 life by continuously delivering excellent performance rooted in deep industry
 experience, classic strategic management consulting, strong logistics and
 marketing strategy analytics, and innovative creative and information
 technology skills. Luminant's principal locations are in Atlanta, Chicago,
 Dallas, Houston, New York City, Washington, D.C., San Francisco and Seattle.
 For more information, visit www.luminant.com, call 888-225-4468 or join our
 quarterly investor newsletter mailing list by sending a request to
 insights@luminant.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 the performance of TIBCO's strategic
 partner, the continuation of this partnership, and the 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 the partnership does not continue, or the products are
 unable to successfully meet customers' expectations, 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.