SOURCE: TIBCO Software Inc.

TIBCO Software Inc.

November 17, 2008 08:30 ET

TIBCO Enables "Living Data" Management With Update to Flagship MDM Suite at the Gartner Master Data Management Summit

TIBCO Also Receives Award From Brinker International

CHICAGO, IL--(Marketwire - November 17, 2008) - GARTNER MASTER DATA MANAGEMENT SUMMIT -- TIBCO Software Inc. (NASDAQ: TIBX) today announced the release of TIBCO Collaborative Information Manager™ 7.1, enabling businesses to take advantage of the increasing scope and velocity of data changes across the enterprise. This is a new architecture for Master Data Management (MDM) that eliminates bottle-necks created with traditional database-focused MDM.

Living data in TIBCO CIM 7.1 refers to the use of an in-memory architecture that takes the typically reference data activity and makes it an actionable event. Consider someone who is moving and who calls the phone company with a new address. Customer service typically takes note, makes the change and ends the call. Using TIBCO MDM, entering the address change can trigger an offer for services (such as higher speed internet access or expanded HDTV) that might not have been available at the customer's previous address. The benefits to the customer and the company are immediate, rather than encumbered by a traditional process of waiting for the address change to go into a database and get picked-up by marketing at some later point in time.

According to Gartner research, the overall MDM market will continue to grow healthily for several years and will account for nearly $3 billion in software revenue in 2012, with the MDM of product data domain accounting for more than 30% of that(1)." TIBCO was positioned in the visionaries quadrant in Gartner's Magic Quadrant for Master Data Management of Product Data(2).

TIBCO Collaborative Information Manager is a single platform for all types of master data. This new release boasts enhancements that simplify integration and collaboration across business users and IT including:

--  Living Data: A shift to an in-memory architecture for very high-
    throughput use cases, additional out of the box Web services, and tighter
    integration with TIBCO's Complex Event Processing (CEP) technologies.
    
--  Business focused interface: A completely revamped user interface that
    focuses on business users and incorporates an increased use of Web 2.0
    technologies such as AJAX and best of breed design principals based on
    TIBCO ONE, providing consistent design, management, governance, and
    security across its SOA, BPM, ESB and analytic platforms
    
--  Advanced data quality: including fuzzy matching and associated
    stewardship to better support entity-data use cases, part of TIBCO's
    continued strategy to be the only true multi-domain MDM solution in the
    marketplace.
    

MDM is a strategic part of TIBCO's vision to provide infrastructure software for rapid business change that includes other technologies like Service Oriented Architecture (SOA), Complex Event Processing (CEP), data integration, application integration (ESB) and Business Process Management (BPM) software. A list of new version 7.1 features can be found at: http://www.tibco.com/software/master_data_management/collaborative_information_manager/default.jsp.

TIBCO Honored by Brinker International

In conjunction with this release, TIBCO also announced that Brinker International, Inc. (NYSE: EAT), one of the world's leading casual dining restaurant companies, serving more than 1 million guests daily, recently honored TIBCO at its annual Hospitality Award for Partnership Excellence Banquet. TIBCO was selected from a pool of more than 1,000 supplier partners who provide services to Brinker International and its four restaurant brands: Chili's® Grill & Bar, Romano's Macaroni Grill®, On The Border Mexican Grill & Cantina® and Maggiano's Little Italy®.

"Each of these award-winning partners has exemplified the true meaning of hospitality in an industry that relies on delivering a first-class guest experience," said Happy Webberman, executive vice president of Brand Solutions for Brinker International. "These companies have demonstrated they will go above and beyond expectations to improve our restaurants worldwide."

With TIBCO Collaborative Information Manager software, Brinker International is able to maintain a comprehensive approach to managing master data and synchronizing it across the value chain. TIBCO's process-centric approach provides the necessary processes and rules to manage the introduction of new data so that data stays clean.

Ram Menon, executive vice president of Worldwide Marketing at TIBCO, said, "TIBCO is proud to be working with companies like Brinker International who are using technology to rapidly transform their business. TIBCO's passion for making our customers successful, coupled with our market-leading technologies to support Brinker's innovation and growth initiatives, have earned us this award for partnership excellence."

About TIBCO

TIBCO's technology digitized 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.

About the Gartner Master Data Management Summit

Organizations use Master Data Management (MDM) to accelerate enterprise agility, promote operational efficiency, achieve competitive differentiation, support enterprise transparency and ensure corporate compliance. The effective management and governance of master data is both an opportunity and challenge for many large enterprises. The Gartner MDM Summit 2008 highlights key trends and identifies best practices, technologies, software tools and vendors that will guide you through successful implementation of your MDM initiatives. Additional information is available at www.gartner.com/us/mdm2.

The Gartner Magic Quadrant is copyrighted 2008 by Gartner, Inc., and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

TIBCO, TIBCO Collaborative Information Manager, 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.

(1) Magic Quadrant for Master Data Management of Product Data, by Andrew White, 7 July 2008. Gartner RAS Core Research Note G00158359

(2) Magic Quadrant for Master Data Management of Product Data, by Andrew White, 7 July 2008. Gartner RAS Core Research Note G00158359

Contact Information

  • Media Contacts:

    Phillip Tree
    TIBCO Software Inc.
    (650) 846-8529
    Email Contact

    Erin K. Farrell Talbot
    Farrell Talbot Consulting for TIBCO
    917-232-9309
    Email Contact