TIBCO Software and MITEM to Enter
Strategic Alliance
for Mainframe e-Business Solution
Alliance Enables Leading
Mainframe Integration Solution For Creating End-To-End
B2B, B2C and B2E Systems Across The Web
MENLO PARK, CA (February 29, 2000) - MITEM Corporation, a leading provider
of high-performance mainframe integration solutions for e-business,
and TIBCO Software Inc. (Nasdaq: TIBX), a leading provider of real-time
infrastructure software for e-business, today jointly announced their
intent to enter into a global technology alliance that will provide
customers a real-time, mainframe integration solution for creating end-to-end
business-to-business (B2B), business-to-consumer (B2C) and business-to-employee
(B2E) systems.
TIBCO and MITEM announced their intent for MITEM to be TIBCO's preferred
solution for mainframe legacy system integration and TIBCO's TIB/ActiveEnterpriseT
to be MITEM's preferred solution for e-business infrastructure software.
TIBCO also announced its intent to resell MitemView, MITEM's
software product designed to integrate legacy computer systems with
Windows and Web technology, without requiring changes or additions to
existing host applications. The companies plan to collaborate to jointly
market and sell the TIBCO/MITEM solution on an integrated basis.
"Many mission critical applications will remain on mainframe and
mid-range systems to ensure adequate levels of performance, availability,
security and reliability," said Gale Aguilar, MITEM's president and
COO. "Our alliance with TIBCO will enable our joint customers to rapidly
create end-to-end e-business solutions that encompass the mainframe
environment without changes to the existing applications."
"Many of our customers' e-business scenarios involve mainframe
components," said Vivek Ranadivé, TIBCO Software's chairman and
CEO. "We are very excited to work with the leading mainframe connectivity
provider, MITEM, whose technology complements our e-business infrastructure
software with an easy-to-use, highly functional, and high performance
mainframe connectivity solution."
TIBCO, TIB/ActiveEnterprise, TIB/Rendezvous, subject-based addressing, The Information Bus and TIB are trademarks or registered trademarks of TIBCO Software Inc. MITEM and MitemView are registered trademarks of MITEM Corporation. Other trademarks and registered trademarks are the property of their respective owners.
Legal Notice Regarding Forward-Looking Statements: This release may contain forward-looking statements regarding TIBCO's business, customers or other factors that may affect future earnings or financial results. Actual results could differ materially from those projected in such forward-looking statements. 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 registration statement on Form S-1 which was declared effective by the SEC on July 13, 1999, and the most recent reports on Form 10-Q, 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.
About TIBCO Software
TIBCO Software Inc. (Nasdaq: TIBX) is a leading provider of real-time
infrastructure software for e-business. TIBCO's products and services
enable computer applications and platforms to communicate efficiently
across networks. The TIB/ActiveEnterpriseTM
product suite facilitates the distribution of information and integration
of business processes by connecting applications to a network through
patented technology called The Information Bus® or TIB®. TIB
technology was first used to "digitize" Wall Street and has been adopted
in diverse industries, including manufacturing, energy, telecommunications,
and electronic commerce. TIBCO Software's global client base includes
Cisco, Yahoo!, NEC, 3Com, Seagate, Sun Microsystems, SAP, Philips, AT&T,
and AOL/Netscape. Headquartered in Palo Alto, California, TIBCO Software
can be reached at (650) 846-1000 or on the web at www.tibco.com.
Contact:
TIBCO
Software Inc.
Caroline Phillips
(650) 846-9547
caroline@tibco.com
MITEM Corporation
Andy Nelson
650.323.1500
pr@mitem.com
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