International Flavors & Fragrances Sniffs Out Global Business Opportunities With TIBCO Spotfire Analytics
Centralizing Global Research Findings and Improving Data Flow for Internal and External Customers Across the World
SOMERVILLE, MA--(Marketwire - October 5, 2009) - TIBCO Software Inc. (NASDAQ: TIBX) today
announced International Flavors & Fragrances Inc. (IFF), a leading creator
and manufacturer of flavors and fragrances for products -- from fine
fragrances, toiletries, soaps, detergents and other household products, to
beverages and food products -- has selected the TIBCO Spotfire®
Enterprise Analytics Platform to provide critical business insight into
its company-wide research data. With TIBCO Spotfire, IFF is able to
interpret its data in a more meaningful way, share those vital findings
with both its internal and external audiences, and identify new business
opportunities.
IFF has been a leading player in the international flavor and fragrance
business since 1833 and the organization's success has been built on a
foundation of strong research and development. "Prior to implementing
TIBCO Spotfire, we had to draw our research data from lots of different
sources and we were losing valuable time handling it once it was located,"
explained Lana Glazman, project owner in charge of the Sensory and Consumer
Research department at IFF.
"Not only was this a very labor-intensive process, but we were unable to
exploit the data fully," Glazman continued. "At the core of our success is
the ability to be at the cutting edge of the industry. To maintain that
position, it's imperative that we're able to fully maximize our research
findings and leverage them in the most meaningful way, not only for our
business, but also for our internal and external clients for whom our data
is vital in their own product development and business decisions."
After reviewing other business intelligence (BI) products on the market,
IFF selected the TIBCO Spotfire®
Enterprise Analytics Platform. According to Glazman, the team was
hugely impressed by its ease of adoption and how user-friendly it proved to
be: "Compared to the other BI solutions on the market, TIBCO Spotfire is
able to easily equip every IFF employee with the ability to quickly
discover new insights into the information they work with every day." She
added, "In addition to this was the added advantage that the solution
requires minimal IT support or third parties to maintain it."
With offices around the world, IFF plans to leverage its new BI platform
globally across the organization. The first phase of this implementation
took place in June 2009 amongst the company's consumer research user base
and has already freed up a significant amount of time for its users,
enabling them to focus their attention on more strategic activities to
support the business.
"The adoption of our technology by such a prestigious brand as IFF further
demonstrates the critical role that TIBCO Spotfire plays in the lifeblood
of these organisations, whose businesses are fuelled by the exploitation of
research and data," said Mark Lorion, vice president of Marketing, TIBCO
Spotfire. "TIBCO Spotfire's interactive, visual capabilities for data
analysis empower IFF users to easily see trends, patterns outliers and
unanticipated relationships in data with unprecedented speed and
adaptability. We are delighted to be working with IFF and to be enabling
the company to further strengthen its market position."
About IFF
International Flavors & Fragrances Inc. (NYSE: IFF) is a leading global
creator of flavors and fragrances used in a wide variety of consumer
products and packaged goods. Consumers experience these unique scents and
tastes in fine fragrances and beauty care, detergents and household goods,
as well as beverages, confectionery and food products. The Company
leverages its competitive advantages of brand understanding and consumer
insight combined with its focus on R&D and innovation, to provide customers
with differentiated product offerings. A member of the S&P 500 Index, IFF
has sales, manufacturing and creative facilities in 31 countries worldwide.
For more information, please visit our Web site at www.iff.com.
About TIBCO
TIBCO Software Inc. (NASDAQ: TIBX) is a leading provider of enterprise
analytics software for next generation business intelligence. TIBCO
Spotfire products offer a visual and interactive experience that helps
professionals quickly discover new and actionable insights in information.
Distinguished by its speed to insight and adaptability to specific business
challenges, Spotfire rapidly reveals unseen threats and new opportunities,
creating significant economic value. Spotfire customers include industry
leaders among the Global 2000 that have deployed Spotfire analytics to gain
an information advantage over their competitors. For more information,
visit http://spotfire.tibco.com.
TIBCO, TIBCO Software and TIBCO Spotfire are trademarks or registered
trademarks of TIBCO Software Inc. or its subsidiaries 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.