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(EMAILWIRE.COM, October 30, 2008 ) HONG KONG, China – A key benefit of Complex Event Processing (CEP) is the ability of companies to rapidly respond to potential problems or take advantage of emerging opportunities. TIBCO BusinessEvents™ detects business behaviors, provides contextual insight to help companies mitigate risk and generate additional profits. Companies can set TIBCO BusinessEvents to act automatically on opportunities to increase customer satisfaction, build loyalty, sell more products and increase efficiency. Unlike many traditional CEP solutions that focus on a limited scope of problems and uses, TIBCO BusinessEvents continues to benefit multiple industry segments and applications.
D K Sharma, Head of Citi's International Technology Organization, is responsible for application development and support services to its Consumer Banking & Global Cards business in more than 40 countries globally. "TIBCO BusinessEvents powered Central Offer Palette (COP) gives us real time centralized offer and services management capability. We are able to deliver this with speed and simplicity across channels and all relationships with our customers. This leads to more efficient operations and an enriching customer experience."
With the launch of TIBCO BusinessEvents 3.0, TIBCO marks another year as the undisputed leader in CEP software with over 40 percent market share- which is more than twice the closest competitor and 52 percent year-over-year growth according to a the most recent IDC Study (1).
"Vendors that are serious about providing platforms for event-driven systems must have best-of-breed capabilities for predictability, the ability to manage high levels of complexity at ultra fast speeds and interoperability with all styles of CEP," according to Maureen Fleming, director of IDC's BPM and middleware research program. "Perhaps more importantly, CEP platforms must also support the experts skilled at identifying risk and opportunity patterns without forcing these experts to learn how to program."
TIBCO BusinessEvents 3.0 Adds Revolutionary New Features:
- Decision Manager: New business user Interface provides simpler access for business users to write rules in their domains of expertise.
- Events Stream Processing: BusinessEvents query language allows you to continuously query event streams in real-time and take immediate action.
- Distributed BusinessEvents: Distributed cache and rules engine that provides practically unlimited scalability letting you monitor twice the magnitude of events previously possible.
“TIBCO BusinessEvents allows companies to harness the business behaviors of their smartest employees and automatically scale their best practices across the entire organization. This provides unique insights that enable businesses to see opportunities and act on them immediately,” said Ram Menon, executive vice president, worldwide marketing at TIBCO. “Think of it as instant expertise – it enables your top performing two percent of employees to be digitally distributed across the entire organization.”
TIBCO BusinessEvents Enterprise Suite is available immediately. To learn more about TIBCOÂ’s CEP, SOA and BPM solutions, visit TIBCO Software Inc. (Nasdaq: TIBX) at:http://www.tibco.com/software/complex_event_processing/businessevents/
About TIBCO
TIBCO 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.
(1) IDC, Worldwide Event-Driven Middleware 2008-2012 Forecast and 2007 Vendor Shares, Doc # 213956, September 2008
# # #
TIBCO, The Power of Now, TIBCO ActiveMatrix, TIBCO ActiveMatrix BusinessWorks, TIBCO Enterprise Message Service, TIBCO BusinessConnect 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.
TIBCO Software, Inc.
Cecilia Lau
852) 2821-3078
clau@tibco.com 
Source: EmailWire.com
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