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TIBCO Launches TIBCO® Businessevents; Expands Predictive Business™ Capabilities

  • 26 April, 2005 14:41

<p>Complex Event Processing Solution Enables Companies to Measure and Improve Operational Performance</p>
<p>Sydney, Australia, 26 April, 2005 – TIBCO Software a leading enabler of real-time business and the world’s largest independent business integration software company, announced today the availability of TIBCO® BusinessEvents, a software product designed to help customers sense, prioritise, and respond in real-time to operational threats and opportunities.</p>
<p>TIBCO BusinessEvents is an enterprise-class, complex events processing (CEP) offering that proactively identifies and responds to correlated events occurring at diverse layers within an organisation and across the value chain. Users of the software will capture untapped ROI from existing products and services, greater customer awareness and retention, increased business agility, and faster, more accurate risk mitigation.</p>
<p>Over the past decade, businesses have assembled extremely complex, heterogeneous IT environments—the result of technology purchases, outsourcing initiatives and corporate consolidation through mergers and acquisitions. Many activities and processes within these businesses and across their value chains remain unsynchronized and largely unpredictable, limiting an organisation’s ability to find and react to the root cause of problems and making it impossible to quickly identify threats and opportunities that are represented by granular events and conditions. Businesses are unable to measure, correlate and manage true operational performance and are left reacting to inaccurate or conflicting data instead of proactively managing the enterprise.</p>
<p>According to John Hagerty, vice president, AMR Research, in a recently published report titled, Operational Performance Management Heats Up Even More in 2005 (March 3, 2005), “Understanding how operational excellence contributes to increased customer satisfaction and ultimately better top- and bottom-line financial performance is a hot button issue for many companies we speak with today.” Most organisations now understand the first step to improving process performance is the measurement of current performance to serve as a benchmark. Hagerty adds that “actively managing to desired states of future performance will directly lead to a more efficient and effective set of business activities that achieve near- and long-term company goals."</p>
<p>With TIBCO BusinessEvents, TIBCO is the first to offer an industrial-strength CEP software product that supports a broad range of messaging, including standards-based JMS (Java Message Service, the messaging element of the J2EE specification), full high performance, highly scalable inferencing capabilities, and state modeling, which provides causality between process states. The product also facilitates operational performance management that results in cost savings throughout the enterprise. With an easy-to-use design interface, companies can define assets in their business, map their business processes and expected outcomes, measure the impact on assets and processes according to key performance indicators (KPIs), and relate asset activity to their processes.</p>
<p>Gartner Summit Event
TIBCO BusinessEvents will be presented at the Gartner Application Development, Integration &amp; Web Services Summit, Sydney Convention &amp; Exhibition Centre, 27-28 April 2005. Presentation details are:
Date: Thursday 28th April
Technology Solution Presentation
Time: 10:15am – 10:45am
Scott Fingerhut, General Manager of TIBCO’s Business Optimisation product line, will be presenting on The Quest for Operational Excellence: TIBCO’s new CEP product, TIBCO BusinessEvents. Pressure to improve IT and business operational performance is significant and only growing as demand increases for services and real-time processes driven by the adoption of SOA and EDA.
To register for this event, please visit:</p>
<p>Availability and Pricing
TIBCO BusinessEvents is available for purchase today. Please contact TIBCO Software for more details regarding pricing.</p>
<p>About TIBCO Software
TIBCO Software Inc. (NASDAQ:TIBX) is the leading independent business integration software company in the world, demonstrated by market share and analyst reports. In addition, TIBCO is a leading enabler of Real-Time Business, helping companies become more cost-effective, more agile and more efficient. TIBCO has delivered the value of Real-Time Business, what TIBCO calls The Power of Now®, to over 2,000 customers around the world and in a wide variety of industries. For more information on TIBCO's proven enterprise backbone, business integration, business process management, and business optimization solutions, TIBCO can be reached at +1 650-846-1000 or on the Web at TIBCO is headquartered in Palo Alto, CA.</p>
<p>TIBCO, the TIBCO logo, Predictive Business, The Power of Now and TIBCO Software are trademarks or registered trademarks of TIBCO Software Inc. in the United States and/or other countries.</p>
<p>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.</p>
<p>Media Contact:
Christine Lion
TIBCO Software Inc.
+61 2 9458 2121</p>
<p>Fiona Martin
Max Australia
+61 2 9954 3492</p>

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