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Colombia Stock Exchange Chooses TIBCO to Power Messaging, Integration and SOA Efforts
Oct 30, 2007 (08:10 AM EDT)


PALO ALTO, Calif., Oct. 30 /PRNewswire-FirstCall/ -- TIBCO Software Inc. today announced that the Colombia Stock Exchange (Bolsa de Valores de Colombia) selected TIBCO software to power its messaging, integration and service-oriented architecture (SOA) initiatives. The Colombia Stock Exchange aims to better leverage its IT infrastructure and enterprise data by integrating core exchange technologies with internal and external back-end legacy systems. At the same time, it is setting the stage for the efficient creation and re-use of new service-based offerings that will employ a messaging backbone to increase performance and reduce latency.

"TIBCO's messaging, integration and SOA solutions will help us quickly scale our trading operations in rapidly growing markets," said Jitendra Puri, IT vice president, Colombia Stock Exchange. "Efficient integration between all of our distributed IT assets with local and international capital market participants is a key goal, as is the efficient movement of data from system to system within and beyond the enterprise using open standards. We looked at several well-known vendors and chose a comprehensive industry-proven software solution that was flexible enough to support the integration of off-the-shelf and custom-built applications that are particular to our business, as well as create a foundation for an event driven-SOA environment."

The Colombia Stock Exchange will use TIBCO BusinessWorks(TM) to provide better visibility into business operations, linking core trading platforms with back-end legacy systems and with external CCP, CSD and Brokers' systems. In addition, TIBCO Enterprise Message Service(TM), TIBCO Rendezvous (R) and TIBCO Ajax Message Service(TM) will help to more efficiently manage the real-time flow of information by creating a common, open standards-based foundation for high performance messaging and low latency message delivery. Leveraging these combined software solutions will help the Colombia Stock Exchange to take advantage of both service-oriented and event-driven architectures to increase the flexibility and adaptability of its IT infrastructure to support constantly changing business requirements. The Colombia Stock Exchange also plans to use TIBCO PortalBuilder(R) to unlock the potential of siloed assets to present real-time, personalized views of integrated data, systems and business processes to various constituents.

"As a host of global exchanges move from private to public business models, it is becoming imperative to be even more accountable to investors. This requires running more efficient and cost effective operations, as well as an ability to quickly respond to market opportunities," said Robin Gilthorpe, senior vice president, North America Field Operations, TIBCO. "We look forward to working with the Colombia Stock Exchange to establish a foundation for business agility that will support current and future growth."

About TIBCO

TIBCO Software Inc. http://www.tibco.com provides enterprise software that helps companies achieve service-oriented architecture (SOA) and business process management (BPM) success. With over 3,000 customers, TIBCO has given leading organizations around the world better awareness and agility -- what TIBCO calls The Power of Now(R). To learn more, contact TIBCO at +1 650-846-1000 or on the Web at .

TIBCO, The Power of Now, TIBCO Enterprise Message Service, TIBCO Rendezvous, TIBCO Ajax Message Service, TIBCO BusinessWorks, TIBCO PortalBuilder 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.

CONTACT: Jenna Kuhl, of TIBCO Software Inc., +1-650-846-5396, jkuhl@tibco.com; or Bill Bourdon of Bateman Group for TIBCO,+1-415-602-1491,

Web site: http://www.tibco.com/