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DOHA Securities Market Boosts IT Flexibility and Performance With TIBCO Software

DUBAI, United Arab Emirates, June 30 /PRNewswire-FirstCall/ -- TIBCO Software Inc. (Nasdaq: TIBX) today announced the successful enterprise-wide deployment of the first composite application based on TIBCO's SOA software at Qatar-based Doha Securities Market (DSM). This first application provides DSM investors a portal with a single, personalised access point to information and services for increased transparency.

DUBAI, United Arab Emirates, June 30 /PRNewswire-FirstCall/ — TIBCO Software Inc. (Nasdaq: TIBX) today announced the successful enterprise-wide deployment of the first composite application based on TIBCO's SOA software at Qatar-based Doha Securities Market (DSM). This first application provides DSM investors a portal with a single, personalised access point to information and services for increased transparency.

"Effective use of advanced IT infrastructure has long been a key component of DSM's IT strategy, and the implementation of an Enterprise Portal supported by TIBCO's SOA infrastructure is a logical progression," said Mohsin Mujtaba, consultant, Markets Integration and Technology at DSM. "We are in a unique position in the regional securities market, and TIBCO's technology allows us to provide high-quality exchange services and manage high volumes. The use of web services through the portal allowed us to handle 10 times more transactions in the clearing settlement and depository system during a recent GCC-wide listing. We are providing a real-time streaming stock quote service to our end-users through the web, with unrivalled speed and delivery in the region."

With TIBCO software, DSM is able to minimise risk and improve productivity by automating complex business processes and procedures to help ensure the execution of transactions with greater speed and accuracy. The recent deployment delivers an infrastructure that supports DSM's need to achieve straight-through processing. Often a mix of processes and applications impedes efficiency. TIBCO ActiveMatrix BusinessWorks(TM), TIBCO PortalBuilder(TM) and TIBCO Enterprise Messaging(TM) software make it faster and easier for DSM to realise the benefits of integrated applications and reusable services in a service-oriented environment. DSM can easily add, configure or modify composite applications based on the changing needs of their customers.

DSM required a web-based, enterprise-wide portal solution to support an environment for business-to-business, business-to-customer, business-to-employee and business-to-government activities. Using TIBCO ActiveMatrix BusinessWorks and TIBCO PortalBuilder, DSM seamlessly integrated its back-end infrastructure applications including Electronic Trading Platform & C/SDR systems, with its front-end transaction systems to create a personalised e-Marketplace with multiple channels. This new portal forms the basis for delivering e-Commerce services and products to its users. DSM also provides easy access to brokers and banks with virtual transaction and settlements services, live stock quotes, market trends and analytics.

"Any factor that favourably differentiates one company from another is vital to promoting customer loyalty and long-term success," said Fabio Pulidori, senior vice president for EMEA at TIBCO. "TIBCO worked closely with DSM to help support its rapid growth and change with SOA. The result was increased business performance and agility from the automation of business processes, simplified access to information, and the ability to more quickly implement and change applications."

About TIBCO

TIBCO digitised 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 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.

SOURCE TIBCO Software Inc.

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