AspenTech and TIBCO announce partnership

By SiliconIndia   |   Thursday, 31 October 2002, 08:00 Hrs
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CAMBRIDGE: Aspen Technology Inc. (Nasdaq: AZPN) and TIBCO Software Inc. (Nasdaq: TIBX) Thursday announced that AspenTech has selected TIBCO as its preferred provider of integration technology for the next-generation of manufacturing/supply chain solutions it is jointly developing with Accenture.

As part of the agreement, TIBCO's business integration platform will be embedded in the Aspen Enterprise Platform(TM) (AEP), AspenTech's integration architecture for enterprise-wide solutions.

AspenTech and TIBCO will integrate their technologies to deliver a new wave of business process products for the process industries, including the petroleum and chemical industries. The expanded integration platform will be designed to integrate AspenTech's manufacturing/supply chain applications, as well as provide pre-packaged integration to third-party plant floor systems. The strategic partnership includes joint sales and marketing efforts, and TIBCO will provide technical and development resources to assist AspenTech in its ongoing development of its integrated, enterprise solutions.

"The formation of our relationship with TIBCO is an important evolution of our integration strategy, as we look to combine best in class technologies with our own software to deliver superior business process products to customers," said David McQuillin, President and CEO of AspenTech. "By building on top of TIBCO's real-time business process and portal platforms, our integrated solutions will enable our customers to make full use of information and resources across their manufacturing and supply chain processes."

"AspenTech's 20-year track record of providing mission critical solutions and creating significant operational efficiences for its customers made it a natural strategic partner for TIBCO," said Vivek Ranadive, Chairman and CEO of TIBCO Software Inc. "By working with AspenTech to address the specific integration and business requirements of the process industry, we can leverage our mutual domain knowledge and deliver more value for customers in these markets."

AspenTech and TIBCO are demonstrating their solutions for the process industries at AspenWorld 2002, an industry-wide conference that is taking place from October 27 to November 1 in Washington, D.C.



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