TIBCO Software Inc, a leading business integration and process management software company that enables real-time business, today announced that TIBCO topped Waters magazine`s 2005 Waters Rankings, securing first place in the Best Business Process Management category.
In the third annual Waters Rankings, TIBCO maintained the number one position the company claimed last year, besting IBM and BEA Systems, who placed second and third in the category, respectively.
Waters covers the practical implementation of technology in the securities industry and is relied on by financial technology professionals worldwide for focused, in-depth coverage of financial market data and technology. The Waters Rankings are determined by subscribers who are invited to vote via the magazine`s online survey for the top hardware, software and financial services tools.
"This year, more than 700 readers voted in our survey," said Phil Albinus, editor of Waters. "When it comes to integrating individual systems or business processes, the Waters readership clearly favours TIBCO Software for the second year running."
Key to TIBCO claiming the top position in the 2005 Waters Rankings was the Company`s strategic acquisition of Staffware in 2004, creating the TIBCO Staffware Process Suite. The integrated solution allows organisations to create an IT infrastructure that is based on their unique way of doing business, providing ownership over their individual business processes and enabling swift implementation of process automation. The full reader survey results of the 2005 Waters Rankings can be viewed online at http://db.riskwaters.com/public/showPage.html?page=waters_story_0705_watrank_1.
"Across almost every industry, strategic business process management is at the core of today`s successful companies, especially when adapting rapidly to changing market conditions is essential, such as in financial services," said Ram Menon, senior vice-president, Worldwide Marketing, TIBCO.
"Our position in the 2005 Waters Rankings Winners Circle alongside such sterling brands as Goldman Sachs, Bear Stearns, Bloomberg and SunGard is evidence of the trust that we`ve earned from our customers over the last 20 years across the banking, capital markets and insurance industries."
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Waters provides monthly coverage on the practical implementation of technology in the wholesale investment banking industry. Since its launch in 1993, financial technology professionals worldwide have relied on the magazine for focused, in-depth coverage of financial market data and technology as well as the human issues of talent management, retention and compensation within the financial services community. Waters is published by Incisive Media, which is based in London. Visit the Waters Web site at www.watersonline.com.
TIBCO Software
TIBCO Software Inc (NASDAQ:TIBX) is a leading business integration and process management software company that enables real-time business. Real-time business is about helping companies become more cost-effective, more agile and more efficient. TIBCO has delivered the value of real-time business, what TIBCO calls The Power of Now, to over 2 000 customers around the world and in a wide variety of industries. For more information on TIBCO`s proven enterprise backbone, business integration, business process management, and business optimisation solutions, TIBCO can be reached at +1 650-846-1000 or on the Web at www.tibco.com. TIBCO is headquartered in Palo Alto, California.