TIBCO Releases New Software That Lays Foundation for Global Electronic Business Infrastructure; Provides Rapid Way to Create Automated Trading Networks

Companies Providing Software and Services That Support TIBCO's New Product

Include Ariba, ATG, Bowstreet, Contivo, GE Global Exchange Services,

Interwoven, Verisign, KPMG and Deloitte Consulting



Apr 16, 2001, 01:00 ET from TIBCO Software Inc.

    PALO ALTO, Calif., April 16 /PRNewswire/ -- TIBCO Software Inc.
 (Nasdaq:   TIBX) announced today the general availability of TIBCO
 ActiveExchange(TM) 2.0, a new business-to-business (B2B) integration software
 product line that offers a faster and more efficient way of connecting
 business partners to automatically conduct transactions online.  The rapid
 creation and expansion of these trading networks is possible because TIBCO
 ActiveExchange 2.0 enables companies to manage the integration of trading
 partners from any geographic location.
     Industry analysts predict that nearly five billion online B2B transactions
 will take place by the year 2004.  According to the Yankee Group, B2B
 e-commerce transactions will reach $2.8 trillion in the U.S. by 2004.
 "Increasing e-commerce volumes from billions to trillions of dollars, which
 represents a fundamental change in how companies interact, will require robust
 integration software," said Jon Derome, senior analyst with the Yankee Group's
 B2B Commerce strategy practice.  "TIBCO's B2B integration capabilities should
 allow the company to build a significant share of the integration software
 foundation that will enable B2B market development."
     In addition to offering fast and efficient B2B integration capabilities,
 TIBCO ActiveExchange 2.0 also delivers other benefits that customers expect
 from total business integration solutions, such as:
 
     --  Real-time supply chain data sharing
     --  Dynamic business process automation
     --  Increased systems performance
     --  Rapid distribution channel creation
     --  Increased inventory visibility
 
     "Before TIBCO's solution, our back-office ERP, order fulfillment and
 inventory management systems couldn't communicate directly with order
 processing and other applications used by our distributors and suppliers.
 The amount of time it took for orders to be processed and inventory to be
 accessed was based on expensive and time-consuming manual processes," said
 Arrigo Andreoni, CIO of Pirelli SpA.  "TIBCO has provided us with the ability
 to allow our vendors to place orders based on accurate real-time information
 that lets them know exactly what's available, alternative products, shipping
 dates and prices -- with no delay."
     "We use TIBCO ActiveExchange to give our customers a level of integration
 and automation that is second to none," said Len Ward, CEO of Australia's
 pre-eminent e-marketplace corProcure.  "The versatility and scalability of
 TIBCO's solution enabled us to rapidly build our exchange on a platform
 capable of delivering the quality of services demanded by our customers."
     "The success of e-commerce in a global market demands the use of B2B
 integration software to streamline and automate online business transactions,"
 said Vivek Ranadive, TIBCO's Chairman and CEO.  "Companies around the world
 are improving business operations through the use of TIBCO's B2B integration
 software."
 
     New Features & Benefits of TIBCO ActiveExchange 2.0:
 
     --  TIB/NetworkConnector(TM) for the Ariba Commerce Services Network
         (ACSN): TIB/NetworkConnector for ACSN enables companies to leverage
         existing non-Ariba procurement and ERP applications to seamlessly
         integrate with the thousands of suppliers and value-added services
         that comprise the Ariba CSN trading community.  By securely
         integrating existing procurement systems with Ariba CSN, businesses
         can benefit from real-time B2B transactions and the dynamic routing of
         order/response transactions between suppliers and back-office
         enterprise applications.  (This solution is scheduled for release
         later this month.)
 
     --  TIB/PartnerExpress(TM): Browser based, it provides companies with the
         ability to extend trading networks out to small trading partners, in
         order to automate processes and interactions, without having to
         install any software on the client side.
 
     --  Virtual Enterprise Management and Integration: TIB/BusinessConnect(TM)
         provides a browser-interface that gives individual business unit
         network administrators, at any geographic location, the ability to
         immediately interact with business partners of all sizes and technical
         sophistication levels.  This intuitive graphical user interface is
         accessible through the desktop from anywhere on the network, and
         allows business processes to be easily defined and managed with no
         programming required.
 
     --  Dynamic Business Process Management: Pre-built business process and
         transformation templates allow for the rapid deployment of RosettaNet
         compliant B2B functionality into SAP, Oracle and other leading ERP
         applications and systems, so that quick and easy integration can
         occur.
 
     --  Broad Support for XML: TIBCO ActiveExchange 2.0 includes TIBCO
         Extensibility XML Authority, a data management and authoring
         application that supports existing XML standards, and non-standards
         based XML formats.  It also provides the ability to author proprietary
         XML.
 
     --  Strategic B2B Alliance Benefits: Also included in TIBCO
         ActiveExchange 2.0 are a number of value added services that offer
         security, logistics, content management, financial settlement,
         certificate validation, EDI, and other legacy system, integration.
         These services are made possible through alliances with companies like
         Valicert, Entrust, Verisign, ChipData, Saqqara, Interwoven, Ariba,
         Bowstreet, ATG, Contivo and GE Global Exchange Services.
 
     Systems Integrators:
     Leading global and regional systems integrators such as, KPMG, Deloitte
 Consulting, Xoriant, Xavor and Inventa are creating proven and rapidly
 deployable B2B integration solutions around TIBCO ActiveExchange.  Success has
 them looking forward to adopting the new version.
 
     About TIBCO Software
     TIBCO Software(TM) Inc. (Nasdaq:   TIBX) is a leading provider of total
 business integration solutions -- delivering infrastructure software that
 enables companies to seamlessly integrate business systems in real-time.
 TIBCO's products enable the real-time distribution of information through
 patented technology called The Information Bus(TM), or TIB(R).  TIBCO
 technology was first used to digitize Wall Street and has since been adopted
 in diverse industries including financial services, telecommunications,
 electronic commerce, transportation, logistics, manufacturing and energy.
 TIBCO's global customer base includes more than 1,000 customers 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.
 
     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 April 12,
 2001 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 16 /PRNewswire/ -- TIBCO Software Inc.
 (Nasdaq:   TIBX) announced today the general availability of TIBCO
 ActiveExchange(TM) 2.0, a new business-to-business (B2B) integration software
 product line that offers a faster and more efficient way of connecting
 business partners to automatically conduct transactions online.  The rapid
 creation and expansion of these trading networks is possible because TIBCO
 ActiveExchange 2.0 enables companies to manage the integration of trading
 partners from any geographic location.
     Industry analysts predict that nearly five billion online B2B transactions
 will take place by the year 2004.  According to the Yankee Group, B2B
 e-commerce transactions will reach $2.8 trillion in the U.S. by 2004.
 "Increasing e-commerce volumes from billions to trillions of dollars, which
 represents a fundamental change in how companies interact, will require robust
 integration software," said Jon Derome, senior analyst with the Yankee Group's
 B2B Commerce strategy practice.  "TIBCO's B2B integration capabilities should
 allow the company to build a significant share of the integration software
 foundation that will enable B2B market development."
     In addition to offering fast and efficient B2B integration capabilities,
 TIBCO ActiveExchange 2.0 also delivers other benefits that customers expect
 from total business integration solutions, such as:
 
     --  Real-time supply chain data sharing
     --  Dynamic business process automation
     --  Increased systems performance
     --  Rapid distribution channel creation
     --  Increased inventory visibility
 
     "Before TIBCO's solution, our back-office ERP, order fulfillment and
 inventory management systems couldn't communicate directly with order
 processing and other applications used by our distributors and suppliers.
 The amount of time it took for orders to be processed and inventory to be
 accessed was based on expensive and time-consuming manual processes," said
 Arrigo Andreoni, CIO of Pirelli SpA.  "TIBCO has provided us with the ability
 to allow our vendors to place orders based on accurate real-time information
 that lets them know exactly what's available, alternative products, shipping
 dates and prices -- with no delay."
     "We use TIBCO ActiveExchange to give our customers a level of integration
 and automation that is second to none," said Len Ward, CEO of Australia's
 pre-eminent e-marketplace corProcure.  "The versatility and scalability of
 TIBCO's solution enabled us to rapidly build our exchange on a platform
 capable of delivering the quality of services demanded by our customers."
     "The success of e-commerce in a global market demands the use of B2B
 integration software to streamline and automate online business transactions,"
 said Vivek Ranadive, TIBCO's Chairman and CEO.  "Companies around the world
 are improving business operations through the use of TIBCO's B2B integration
 software."
 
     New Features & Benefits of TIBCO ActiveExchange 2.0:
 
     --  TIB/NetworkConnector(TM) for the Ariba Commerce Services Network
         (ACSN): TIB/NetworkConnector for ACSN enables companies to leverage
         existing non-Ariba procurement and ERP applications to seamlessly
         integrate with the thousands of suppliers and value-added services
         that comprise the Ariba CSN trading community.  By securely
         integrating existing procurement systems with Ariba CSN, businesses
         can benefit from real-time B2B transactions and the dynamic routing of
         order/response transactions between suppliers and back-office
         enterprise applications.  (This solution is scheduled for release
         later this month.)
 
     --  TIB/PartnerExpress(TM): Browser based, it provides companies with the
         ability to extend trading networks out to small trading partners, in
         order to automate processes and interactions, without having to
         install any software on the client side.
 
     --  Virtual Enterprise Management and Integration: TIB/BusinessConnect(TM)
         provides a browser-interface that gives individual business unit
         network administrators, at any geographic location, the ability to
         immediately interact with business partners of all sizes and technical
         sophistication levels.  This intuitive graphical user interface is
         accessible through the desktop from anywhere on the network, and
         allows business processes to be easily defined and managed with no
         programming required.
 
     --  Dynamic Business Process Management: Pre-built business process and
         transformation templates allow for the rapid deployment of RosettaNet
         compliant B2B functionality into SAP, Oracle and other leading ERP
         applications and systems, so that quick and easy integration can
         occur.
 
     --  Broad Support for XML: TIBCO ActiveExchange 2.0 includes TIBCO
         Extensibility XML Authority, a data management and authoring
         application that supports existing XML standards, and non-standards
         based XML formats.  It also provides the ability to author proprietary
         XML.
 
     --  Strategic B2B Alliance Benefits: Also included in TIBCO
         ActiveExchange 2.0 are a number of value added services that offer
         security, logistics, content management, financial settlement,
         certificate validation, EDI, and other legacy system, integration.
         These services are made possible through alliances with companies like
         Valicert, Entrust, Verisign, ChipData, Saqqara, Interwoven, Ariba,
         Bowstreet, ATG, Contivo and GE Global Exchange Services.
 
     Systems Integrators:
     Leading global and regional systems integrators such as, KPMG, Deloitte
 Consulting, Xoriant, Xavor and Inventa are creating proven and rapidly
 deployable B2B integration solutions around TIBCO ActiveExchange.  Success has
 them looking forward to adopting the new version.
 
     About TIBCO Software
     TIBCO Software(TM) Inc. (Nasdaq:   TIBX) is a leading provider of total
 business integration solutions -- delivering infrastructure software that
 enables companies to seamlessly integrate business systems in real-time.
 TIBCO's products enable the real-time distribution of information through
 patented technology called The Information Bus(TM), or TIB(R).  TIBCO
 technology was first used to digitize Wall Street and has since been adopted
 in diverse industries including financial services, telecommunications,
 electronic commerce, transportation, logistics, manufacturing and energy.
 TIBCO's global customer base includes more than 1,000 customers 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.
 
     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 April 12,
 2001 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.