LONDON, Nov. 16 /PRNewswire-FirstCall/ -- Financial-i magazine, Europe's leading financial IT publication, announced today that TIBCO Software Inc. , a leading business integration and process management software company that enables real-time business, is recognised as being The Most Innovative BPM Solution for the magazine's inaugural "Leaders in Innovation Awards."
Financial-i compiled a list of companies it deems innovative leaders in categories that encompass securities services, treasury & FX, network services, risk management, and data management. It also took into consideration the opinions of leading analysts and consultants who cover the wholesale transaction banking space. TIBCO came out ahead of its competition in the BPM arena for the financial services sector.
Ram Menon, executive vice president, Worldwide Marketing at TIBCO, commented: "Recognition by Financial-i as providing The Most Innovative BPM Solution reinforces our EMEA market leadership position in this space after receiving recent accolades from Y-phise, the renowned French-based analyst house. It is also a testament to the value that our BPM solution affords financial services customers, who are harnessing TIBCO's strengths and scalability to gain significant competitive advantages in their own market."
Financial-i said in an earlier announcement: "In selecting our winners we focused on product innovation over the last 12 to 18 months, cost effectiveness of solutions in terms of implementation and deployment, potential business benefits, ease of implementation and the ability to tackle specific business issues or problems. "Leaders in Innovation is not just about rewarding the banks and technology vendors with the largest market share or the most profitability. And although some companies may be pioneers in their space, it is about recognising those companies that demonstrate an ongoing commitment to product innovation."
Financial-i notes that with increasing emphasis on return on investment and shareholder value, IT decision makers in wholesale financial institutions and their customers are seeking business solutions that are: cost effective, help solve common business problems, are less time consuming or costly to implement, enhance overall efficiency, and transform bank to customer communications.
The list of Leaders in Innovation Awards will appear in the Q4 edition of Financial-i. It recognises banks and software and hardware vendors who are shaping the delivery of business solutions in wholesale transaction banking -- an area that has long been key to TIBCO's business focus.
About TIBCO
TIBCO Software Inc. is a leading business integration and process management software company that enables real-time business. Real-time business is about giving organizations the ability to sense and respond to changes and opportunities as they arise. TIBCO has delivered the value of real-time business, what TIBCO calls The Power of Now(R), to over 2,500 customers around the world and in a wide variety of industries. To learn about TIBCO's solutions for service-oriented architecture (SOA), business process management (BPM) and business optimization, contact TIBCO at +1 650-846-1000 or on the Web at http://www.tibco.com/. TIBCO is headquartered in Palo Alto, Calif.
About financial-i:
Financial i focuses on how technology is being leveraged to provide business solutions in wholesale transaction banking. Solutions that solve common business issues around the execution, delivery, clearing and settlement of transactions in the wholesale banking space, enhance the provision of value added services to customers, increase the speed of delivery of information, mitigate risk and maintain competitiveness.
Financial i editorial covers Treasury & FX; Securities Services; Network Services; Data and Risk Management; and Market Infrastructure. http://www.financial-i.com/
NOTE: 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. 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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