SEOUL, South Korea, June 19 /PRNewswire-FirstCall/ -- TIBCO Software Inc. (Nasdaq: TIBX) today announced that ING Life Korea, one of the fastest growing insurance companies in South Korea, has successfully deployed TIBCO ActiveMatrix BusinessWorks(TM) and TIBCO iProcess(TM) Suite as its preferred solutions for business integration and process management.
SEOUL, South Korea, June 19 /PRNewswire-FirstCall/ — TIBCO Software Inc. (Nasdaq: TIBX) today announced that ING Life Korea, one of the fastest growing insurance companies in South Korea, has successfully deployed TIBCO ActiveMatrix BusinessWorks(TM) and TIBCO iProcess(TM) Suite as its preferred solutions for business integration and process management.
ActiveMatrix BusinessWorks(TM) is a service-oriented architecture (SOA) integration tool, which allows enterprises to bring together front and back office applications on a single standards-based platform for real-time business.
The deployment of ActiveMatrix BusinessWorks at ING Life Korea was the first stage of a wider IT re-architecture program initiated by its parent company, ING Life Asia-Pacific, to create a standardized IT platform across its region-wide operations. ING Life Asia-Pacific's operations span a number of geographical markets, including Hong Kong, Malaysia, South Korea and Taiwan.
According to Alan Grigg, head of IT architecture department and chief IT architect, ING Life Korea, ActiveMatrix BusinessWorks(TM) was a natural extension to their application integration platform due to its strong feature set, scalability and ease of implementation.
Prior to the deployment of ActiveMatrix BusinessWorks, ING Life Korea had also adopted TIBCO iProcess Suite as its standard business process management (BPM) engine throughout its operations. The combination of iProcess(TM) Suite process management and ActiveMatrix BusinessWorks application integration has been the catalyst for a paradigm shift in the life insurer's approach to delivering IT systems, according to Grigg.
"TIBCO SOA and BPM tools have transformed our methodology for IT systems development. They have enabled us to adopt a process-centric view of our business, which is significantly reducing our turnaround time for rolling out and changing business processes. These tools also extend the ability of our existing administration systems to help us improve our operating efficiency and business capabilities," Grigg explained.
"Business processes need to be knit tightly together if an enterprise as a whole is to function efficiently. TIBCO is pleased it has helped ING Life Korea achieve this through a set of process and application integration tools, which deliver a wide variety of business benefits, including reduced development time, easier maintenance and strong systems monitoring capabilities," said Anthony Harris, senior vice president, Asia Pacific/Japan, TIBCO Software Inc. "We are confident TIBCO will enable ING Life Korea to become a more agile, efficient and competitive enterprise."
About ING Korea
ING Group is a global financial institution with Dutch origin tracing back over 160 years, offering integrated financial service combining banking, insurance and asset management in 50 countries around the world. ING Group ranked the 1st in life/health insurance sector in the Fortune Global 500 for 2006 and 2007 (based on the result of 2005 and 2006). ING Life, one of the ING business units in Korea, entered the Korean market in 1989 as a Greenfield operation and since then enjoyed sustained growth. ING Life is now the 4th largest life company in Korea and has the biggest market share among foreign-invested life insurance companies in Korea. Under the mission of setting the standard in helping customers manage their financial future, ING Life is focused on delivering value products and services through various distribution channels, especially via its professional financial consultants that are best in Korea in terms of quality and productivity.
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(R). 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 http://www.tibco.com.
TIBCO, The Power of Now, TIBCO ActiveMatrix, TIBCO ActiveMatrix BusinessWorks, TIBCO iProcess Suite 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.
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