First Offering from New Alliance
NEW YORK and PALO ALTO, Calif.; April. 8, 2002 – Accenture (NYSE:ACN) and TIBCO Software Inc (NASDAQ:TIBX) today announced a global alliance to provide powerful and flexible enterprise integration solutions that help clients drive down costs and compete more effectively.
The first offering from this new global alliance focuses on Oracle 11i software and features TIBCO™ ActiveEnterprise™ software to ease integration with other enterprise platforms and applications.
The new offering will help customers in all industries better integrate Oracle 11i into their existing systems, reduce the costs of managing their legacy applications and decrease duplication across platforms. The solution ties together Oracle 11i with platforms from major vendors such as SAP, PeopleSoft and Siebel. McGraw Hill Education is one of the first companies to leverage the benefits of the new Accenture/TIBCO alliance.
“Our alliance with Accenture is a key component of our strategy and success in the enterprise integration marketplace. We have already successfully teamed together on many engagements," said Vivek Ranadivé, chairman and chief executive officer, TIBCO Software. "In addition to this offering, when we developed our TIBCO BusinessWorks product and go-to-market strategy, Accenture’s participation was critical to ensure we built a product that was easy to deploy but retained the scalability for which our clients know and depend on TIBCO.”
“Using TIBCO technology, Accenture will be able to offer clients a head start when rolling out Oracle 11i applications,” said Christy Bass, Accenture partner. “We have deep skills on the TIBCO and Oracle platforms in our delivery centers in Chicago and Montreal. We expect those centers to play an increasing role as we develop more Oracle solutions and ramp up outsourcing offerings for the Oracle platform.”
Accenture’s global Enterprise Integration (EI) practice is a leader in the market for integration services, with more than 700 engagements currently underway. The company also creates software and business architecture assets for market-ready solutions. Accenture’s deep, global capabilities and methodologies help clients from all industries select the best-fitting technology, build the required EI solutions and measure their return on investment.
Accenture is the world’s leading management consulting and technology services organization. Through its network of businesses approach — in which the company enhances its consulting and outsourcing expertise through alliances, affiliated companies and other capabilities — Accenture delivers innovations that help clients across all industries quickly realize their visions. With more than 75,000 people in 47 countries, the company generated net revenues of $11.44 billion for the fiscal year ended August 31, 2001. Its home page is www.accenture.com.
About TIBCO Software Inc.
TIBCO Software Inc. (NASDAQ:TIBX) is a leading provider of total business integration solutions delivering infrastructure software that enables businesses to seamlessly integrate business systems in real-time. 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 1,400 customers such as NEC, Dynegy, BP, eBay, US Bank, The Limited, Delta Air Lines, Philips, AT&T, Pirelli, Yahoo! and Cisco Systems. Headquartered in Palo Alto, California, TIBCO can be reached at 650-846-1000 or on the web at www.tibco.com.
TIBCO, the TIBCO logo, The Power of Now, TIBCO Software and TIBCO ActiveEnterprise are trademarks or registered trademarks of TIBCO Software Inc. in the United States and/or other countries. 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.
Legal Notice Regarding Forward-Looking Statements: This release contains forward-looking statements regarding TIBCO’s business, customers, markets served or other factors including 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 materially from such forward-looking statements. Reasons for why actual results could differ materially include if 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 5, 2001 and January 30, 2002, 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.