TIBCO Enhances MDM Portfolio to Help Organizations Better Address Data Quality and Governance Challenges
TIBCO Unveils Industry's First Enterprise Platform That Integrates Machine Intelligence With Master Data Management, Leveraging Netrics Software
PALO ALTO, CA--(Marketwire - August 26, 2009) - TIBCO Software Inc. (NASDAQ: TIBX), today
announced the general availability of TIBCO Collaborative Information
Manager™ version 7.2.1 -- the first enterprise master data management
(MDM) platform to provide out-of-the box functionality that offers
customers powerful new tools to address their data integrity challenges
using machine intelligence.
TIBCO has integrated Netrics' mathematical, algorithmic-based matching
engine with its flagship TIBCO Collaborative Information Manger product.
"We are excited to work with TIBCO to enhance the company's MDM offering
with Netrics' best-of-breed matching technology," said Stefanos Damianakis,
CEO of Netrics. "Netrics' engine provides real-time data-matching that is
critical to managing customer data and is proven scalable despite high
volumes of data errors."
The new version of TIBCO Collaborative Information Manager enables faster
and more accurate data cleansing with fewer errors, minimizing the burden
placed on the business user. The integrated offering considerably improves
the finding of duplicate records in very large data sets through advanced
mathematical modeling of human similarity. This approach to advanced data
cleansing ensures a high degree of accuracy across many different data
types such as customers, products, vendors, locations etc.
Additionally, TIBCO Collaborative Information Manager offers the
opportunity for lower upfront implementation time and costs and an overall
lower total cost of ownership due to the fact that customers will no longer
have to spend the time and money to develop and maintain rules, which is a
requirement of the traditional rules-based approach to de-duplication.
"Innovation is the cornerstone of everything we do within the MDM group at
TIBCO," said Inderjeet Singh, vice president, Emerging Technologies, at
TIBCO. "Businesses today struggle with rules-based approaches to data
quality with mixed results and high service costs. With the addition of the
Netrics Matching Engine, we will help our customers achieve a much greater
degree of information integrity while reducing implementation risk and
costs."
TIBCO will have an exhibit space, booth number 203, at the MDM Summit
Americas 2009, being held at the Hyatt Regency in San Francisco. Stop by
the booth on Wednesday, August 26th from 10:00-11:00 am to learn more about
TIBCO's MDM offering or visit, www.tibco.com.
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.
TIBCO, TIBCO Software, TIBCO Collaborative Information Manager and The
Power of Now 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.
Contact Information: Media Contacts:
Allison Witherspoon
TIBCO Software Inc.
(650) 846-5760
awithers@tibco.com
Emilia Palaveeva
Weber Shandwick for TIBCO
(425) 452-5489
epalaveeva@webershandwick.com