CLSA Selects TIBCO Enterprise Message Service to Streamline Back-Office Operations

CLSA Selects TIBCO Enterprise Message Service to Streamline Back-Office Operations

November 02, 2007

    HONG KONG, Nov. 2 /Xinhua-PRNewswire/ -- 

    TIBCO Software Inc. (Nasdaq: TIBX), today announced
that CLSA has selected TIBCO Enterprise Message Service(TM)
as the platform on which it will build its next-generation
global trading system.   

    CLSA, Asia's leading independent investment banking and
brokerage services provider, is revamping its global trading
platform to support new automated trading methods and pave
the way for future business growth.  

    According to T. Rajah, chief information officer of
CLSA, global trading volumes have increased by 30-40% in
recent years, resulting in a five-fold increase in the
amount of messages handled driven primarily by the
proliferation of algorithmic or "black box"
trading systems being used by its traders.

    "The way we trade is changing and this is placing
new technical demands on the trading platform.  To meet
these challenges and to prepare our business for expansion,
we wanted to identify an enterprise messaging platform with
the scalability, performance, low latency and high
connectivity to handle both current and future trading
systems," Mr. Rajah said.  

    Another important consideration for CLSA in choosing a
messaging solution was interoperability.  Working within a
multi-vendor environment, the bank needed a platform based
on open standards, which could be integrated easily with
existing assets.

    "In our evaluation of the available messaging
solution, TIBCO's standards-based platform proved the
fastest and most reliable, and importantly offered
class-leading real-time monitoring capabilities, which will
enable us to identify and address problems faster.  We were
also impressed with their unparalleled experience working
with investment banks to develop trading systems," Mr.
Rajah said.

    Mr. Rajah said CLSA is currently also working with
TIBCO to build a business activity monitoring system, which
will support the bank's entire operation from front to back
office.  

    "Nowhere is it more important to have a fast,
flexible and reliable platform to support the real-time
flow of information than in the cut and thrust of financial
services," said Murat Sonmez, executive vice president,
global field operations, TIBCO Software.  "With TIBCO
EMS, financial services providers can build a trading
platform with the performance, mission critical reliability
and scalability to generate and sustain business
growth."

    About CLSA Asia-Pacific Markets

    CLSA Asia-Pacific Markets is a leading, independent
investment group in Asia focused on delivering investment
banking, capital markets, equity broking and alternative
investment services to global corporate and institutional
clients.

    Renowned for its product innovation and award-winning
market intelligence, CLSA has built its reputation on
unrivalled equity research and economic analysis which is
consistently voted as the best in Asia. CLSA ranked No.1
for Most Accurate Research in Asia in Bloomberg's poll
2006; No.3 overall in Institutional Investor's All-Asia
Research Poll 2006; and No.2 in The Asset's Asian Equities
Benchmark Survey 2005. 

    CLSA is one of Asia's largest independent equity
brokerages and one of the world's largest agency brokers. 
The group's investment banking and equity capital markets
services include M&A advisory, equity transactions and
public offerings. Alternative asset management is offered
through eight Asia-based funds under CLSA Capital
Partners.

    Founded in 1986 and is headquartered in Hong Kong, CLSA
has more than 1,000 dedicated professionals located in 13
Asian cities, plus Dubai, London and New York.  CLSA's
major shareholder is France's Credit Agricole, which merged
in 2003 with Credit Lyonnais, to form the 4th largest bank
in the world by Tier One capital and the 6th largest bank
in the world by assets.  CLSA enjoys substantial staff
ownership which contributes to its independent stance and
operations.

    Additional information is available at
http://www.clsa.com

    About TIBCO

    TIBCO Software Inc. (Nasdaq: TIBX) provides enterprise
software that helps companies achieve service-oriented
architecture (SOA) and business process management (BPM)
success.  With over 3,000 customers, TIBCO has given
leading organizations around the world better awareness and
agility-what TIBCO calls The Power of Now(R).  To learn
more, contact TIBCO at [phone] or on the Web at
http://www.tibco.com.
    
    TIBCO, the TIBCO logo, The Power of Now, TIBCO
Enterprise Message Service, 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.


    For more information, please contact:

     Cecilia Lau 
     TIBCO Software Inc.
     Tel:   [phone]
     Email: [e-mail]

     Jennifer Phang 
     Phang & Naughton Marketing Services Ltd
     Tel:  [phone]
     EMail: [e-mail]