tibco expands middle east commitment to help leading companies drive innovation and grow their businesses

Published May 25th, 2008 - 11:22 GMT

TIBCO Software Inc. (NASDAQ: TIBX) today announced it is expanding its support for customers in the Middle East with the opening of a new regional office in the emirate of Dubai. TIBCO first established a presence over five years ago and has continued to grow its customer base throughout the region.

TIBCO’s expanding success in the financial services, transportation, government and telecommunications markets is providing the momentum to open its new office.  Current customers include Doha Bank, Emirates Airlines, Emirates Bank, Ministry of Hajj, National Bank of Kuwait, Borouge, Doha Securities Market, QTEL and Dubai Internet City.

The Middle East is an important high-growth region for TIBCO, with many new opportunities for investment and partnerships. TIBCO most recently was a title partner of the annual World Economic Forum on the Middle East where the foremost global political, business and cultural leaders gathered to explore the region’s future.

“This region serves as an intersection for many components of the global economy, and continued innovation combined with the need for increased global collaboration will continue to drive business change,” said Ram Menon, executive vice president, Worldwide Marketing at TIBCO. “We have enjoyed over five years experience in the region.  Our customers will benefit greatly from direct contact with TIBCO and the localized expertise that it can provide. We are looking forward to building upon the important relationships we have in the region to enhance our on-the-ground service capabilities and help our customers achieve their business growth objectives.”

This increased commitment positions TIBCO for growth in the region with immense demand for business-driven solutions that seamlessly enable collaboration to drive true business innovation.  Two key examples are:
 Saudi Arabian Ministry of Hajj, which has used TIBCO’s technology to streamline the processes for pilgrims travelling to Makkah by speeding visa approvals and seamlessly integrating service providers and travel wholesalers.
 Emirates Bank, which has significantly improved customer service using TIBCO’s technology to help eliminate complexity in its IT environment by enabling the sharing of customer information between multiple applications.

TIBCO is focused on enabling its customers to leverage and extend the capabilities of their information technology assets. Harnessing the latest business analytics, business intelligence and complex event processing technologies, TIBCO is helping companies obtain a real-time view across their business operations, gaining an actionable understanding of situations as they arise and enabling them to quickly adapt and seize opportunities.

TIBCO has a proven track record in the region, working extensively with customers in the Middle East, including Saudi Arabia, United Arab Emirates, Qatar, Oman, Bahrain, Iran and Kuwait, as they choose TIBCO to provide a real-time infrastructure platform to optimize their business.

TIBCO digitised Wall Street in the '80s with its event-driven "Information Bus" software, which helped make real-time business a strategic differentiator in the '90s. Today, TIBCO's infrastructure software gives customers the ability to constantly innovate by connecting applications and data in a service-oriented architecture, streamlining activities through business process management, and giving people the information and intelligence tools they need to make faster and smarter decisions, what we call The Power of Now®. TIBCO serves more than 3,000 customers around the world with offices in more than 20 countries and an ecosystem of over 200 partners. Learn more at www.tibco.com.
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TIBCO, The Power of Now, and TIBCO Software 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.



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