Structure Consulting Group and TIBCO Software Assist Ontario Power Generation With Energy Trading Application Integration

Business Wire, Jan 18, 2001

Business Editors, Energy & High Tech Writers

HOUSTON--(BUSINESS WIRE)--Jan. 18, 2001

Structure Consulting Group L.L.C., a premier business and technology solution provider to the energy industry, and TIBCO Software Inc. (Nasdaq:TIBX), a leading provider of real-time infrastructure software for e-business, recently teamed to integrate applications for Ontario Power Generation's (OPG) wholesale energy trading operations.

"Energy market participants are challenged to link information technology systems and applications for success in today's competition-driven business. Structure's knowledge of the energy industry, its proven methodology for middleware integration projects and its ability to work with TIBCO's well-respected product suite were critical for Ontario Power Generation," said Alex Schoijett, director of commercial systems for Ontario Power Generation.

In its quest to become an industry leader, OPG was aggressive in its search for an integration solution for its legacy systems. Structure is providing middleware infrastructure definition and project management. TIBCO provided a broad product offering, including integration framework and tools, real-time data distribution and manipulation and Internet tools.

Through its work with industry leaders, Structure recognized its clients' integration needs and joined TIBCO's alliance program as a system integrator. This alliance allows Structure's integration service line better access to cutting edge technologies created by TIBCO.

"Structure's depth of experience in the deregulating energy industry coupled with TIBCO's market-leading technologies make us an unbeatable team to address application integration -- one of the industry's most challenging issues," Structure principal David Shepheard said.

About TIBCO Software Inc.

TIBCO Software Inc. (Nasdaq:TIBX) is a leading provider of real-time e-business infrastructure software. TIBCO's four product lines -- TIBCO ActiveEnterprise(R), TIBCO ActiveExchange(R), TIBCO ActivePortal(R) and TIBCO Extensibility(TM) -- enable businesses to integrate enterprise applications, interact with other businesses in B2B commerce and efficiently deliver personalized information through enterprise portals. TIBCO's products enable the real-time distribution of information through patented technology called The Information Bus(R) or TIB(R). TIB technology was first used to digitize Wall Street and has since been adopted in diverse industries including telecommunications, electronic commerce, manufacturing and energy. TIBCO's global direct customer base includes more than 600 customers from around the world such as Cisco Systems, Yahoo!, Ariba, NEC, Enron, Sun Microsystems, GE Capital, Philips, AT&T, Pirelli and AOL/Netscape. Headquartered in Palo Alto, California, TIBCO can be reached at 650.846.1000 or on the Web at www.tibco.com.

About Structure Consulting Group

Structure Consulting Group LLC is a leading supplier of energy trading business solutions and consulting services to market participants in North America and Europe. Established in 1998, Structure Consulting has experience working with top-tier organizations in all stages of the energy value chain, including generation companies, energy marketers, system and market operators, transmission and distribution companies, and energy services companies. Structure offers expertise in trading and risk management, forecasting, scheduling and energy management, as well as market settlements, settlement verification and dispute management.

In just two years of operation, Structure has carved a space for itself within the consulting and software products business, assisting many of the major energy players with business solutions for a deregulated industry. Its client list includes many of the independent system operators, including the California ISO, ERCOT and ISO New England, and wholesale power traders such as Coral Energy, Dynegy, PG&E National Energy Group, Reliant Energy, Southern Company Energy Marketing and Williams Energy Marketing and Trading.

With offices in Houston, San Francisco, Sacramento and London, Structure Consulting Group has grown its staff from approximately 20 in its start-up phase in 1998 to 150 professionals today. For more information about Structure Consulting Group, visit www.scgo.com or contact us directly at media@scgo.com.

TIBCO, TIBCO ActiveEnterprise, TIBCO ActiveExchange, TIBCO ActivePortal, TIBCO Extensibility, The Information Bus and TIB are trademarks or registered trademarks of TIBCO Software Inc.

Legal Notice Regarding Forward-Looking Statements: This release contains forward-looking statements regarding TIBCO's business, customers, markets served or other factors including the ability of products to meet customers' expectations, needs, or perform as described that may affect future earnings or financial results. Our actual results could differ in such forward-looking statements. Reasons for why actual results could differ materially include if products are unable to successfully meet customers' expectations, needs, or perform as described. Additional information concerning factors that could cause our actual results to differ materially from those contained in the forward-looking statements can be found in TIBCO Software's filings with the Securities and Exchange Commission ("SEC"), including but not limited to its most recent reports on Forms 10-Q and 10-K filed with the SEC on October 13, 2000, and February 25, 2000, respectively, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements including limited independent operating history, history of losses, unpredictability of future revenue, dependence on a limited number of customers, relationship with Reuters Group PLC, rapid technological and market changes, risks associated with infrastructure software and volatility of stock price. Copies of filings made with the SEC are available through the SEC's electronic data gather analysis and retrieval system (EDGAR) at www.sec.gov. TIBCO assumes no obligation to update the forward-looking statements included in this document.