Contact Information: Media Contact: Rhianna Richards Phone: 650-846-8644 Email: rrichard@tibco.com
Tibco Signs Contract With Banco do Brasil
Three-Year Software and Services Contract Expected to Drive Bank's Growth, While Addressing Customer Demand
| Source: TIBCO Software Inc.
PALO ALTO, CA--(Marketwire - September 30, 2009) - TIBCO Software Inc. (NASDAQ : TIBX ) today
announced that it has signed a three-year agreement with Banco do Brasil.
Under the terms of the agreement, TIBCO will assist Banco do Brasil with
its efforts to build a software infrastructure that will automate and
streamline business processes; decouple its existing mainframe environment
into functional islands; and ensure the consistent, reliable, and scalable
event-driven distribution of information and real-time analytics for
critical decision making.
"TIBCO proved to Banco do Brasil that our software infrastructure could
address their vision for the back end, but could also be successfully
deployed in the current IBM mainframe environment," commented Vivek
Ranadivé, chief executive officer, TIBCO. "We believe this partnership will
position Banco do Brasil as an agile competitor in their market space,
providing the bank with the necessary tools to spur long-term innovation
and growth."
About Banco do Brasil
Banco do Brasil: with a 200 years history, the bank has 47 million clients,
300 thousand shareholders and 88 thousand employees. Throughout its
history, BB has developed an important role on the economic and social
Brazilian development. The bank is the biggest funder of agribusiness,
foreign trade and small and medium business. In 2008, BB began to offer
real estate financing to people and companies. Until 2013, Banco do
Brasil's aim is being among the three most important financial agents
within the real estate market.
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, 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.