Business Services Industry
Embarcadero Technologies Supports Data Integration Solution for TIBCO Software Inc.; Strategic OEM Deal Addresses Convergence of EAI and ETL
Business Wire, March 21, 2005
SAN FRANCISCO -- Validates Embarcadero DT/Studio as a Leading Data Integration Solution
Embarcadero(R) Technologies, Inc. (Nasdaq:EMBT), a provider of data lifecycle management solutions, today announced a strategic OEM relationship with TIBCO Software Inc. wherein Embarcadero's DT/Studio(R) software will serve as the extensible, standards-based, high-performance data integration engine behind TIBCO(R) DataExchange, an important extension to the TIBCO(R) BusinessWorks integration platform. The expanded relationship between the two companies enables TIBCO to both respond to strong customer demand for a proven extraction, transformation, and loading (ETL) solution, and to strengthen their leadership position in the integration and business process management markets. The deal further provides industry validation of Embarcadero DT/Studio as a robust yet cost-effective solution for every day data integration projects.
"TIBCO's customers rely on us to provide a broad range of integration and business process management products," said Ram Menon, senior vice president of Worldwide Marketing, TIBCO Software Inc. "To address customers' data integration needs, we selected Embarcadero Technologies' DT/Studio which will assist us in offering a nimble data integration solution that complements our TIBCO BusinessWorks integration platform."
According to the terms of the agreement, TIBCO is granted a license to embed Embarcadero DT/Studio, as well as provide the DT/Studio and DT/Engine user interfaces in a manner that is transparent to end users. Embarcadero will support this relationship through product enhancements designed to further facilitate the embedding of the DT/Studio solution. TIBCO will manage the product release and will drive the marketing and sales of the TIBCO DataExchange product.
"In a world where real-time analytics require real-time data for accurate and relevant reporting, Embarcadero is striving to provide the most flexible, on-demand data integration solution to end-users and partners alike," said Stephen Wong, chairman, president, and CEO of Embarcadero Technologies. "We bring TIBCO over 10 years of expertise in the management and movement of data. In turn, this relationship demonstrates that ETL is no longer limited to large, mission-critical projects, and that Embarcadero DT/Studio is well-positioned to address the immediate needs of companies to quickly integrate information and get the right answers."
Availability of TIBCO DataExchange
TIBCO DataExchange will be made generally available in the first half of 2005, and the combination of this data integration product along with TIBCO's business integration solutions will enable organizations to lower their overall total cost of ownership while achieving greater flexibility to address business requirements.
About Embarcadero Technologies
Embarcadero Technologies, Inc. (Nasdaq:EMBT) is a leading provider of data lifecycle management solutions that help companies build, optimize, test, and manage their critical data, database, and application infrastructures. Nearly 11,000 companies, including 97 of the Fortune 100, rely on Embarcadero Technologies products to manage the explosive growth in data and ensure optimal performance of their complex, multi-platform applications and systems. Embarcadero Technologies is headquartered in San Francisco, CA. For more information, call 415-834-3131 or visit http://www.embarcadero.com.
Embarcadero, the Embarcadero Technologies logos and all other Embarcadero Technologies product or service names are trademarks of Embarcadero Technologies, Inc. All other trademarks are property of their respective owners.
TIBCO, the TIBCO logo, The Power of Now and TIBCO Software are trademarks or registered trademarks of TIBCO Software Inc. in the United States and/or other countries and are used here with permission.
Forward-Looking Statements
The statements in this press release that are not historical facts are forward-looking statements that involve risks and uncertainties, including risks associated with fluctuations in quarterly results and other risks identified in the Company's periodic filings with the Securities and Exchange Commission including, but not limited to, those appearing under the caption "Risk Factors" in the Company's most recent Quarterly Report on Form 10-Q and the Annual Report on Form 10-K. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue relevance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated events.
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