Tibco Software appoints managing directors for Japan, South Asia

(Full text of a statement.  Contact details below.)
PALO ALTO, Calif., June 12 /PRNewswire-AsiaNet/ -- TIBCO Software Inc.  (Nasdaq: TIBX), a leading provider of real-time infrastructure software for e-business, continued its global expansion by announcing today the appointment of Michio Segawa as managing director of its Japan operations and Eric Lim as managing director of the South Asia Region, which includes Thailand, Indonesia, Malaysia, The Philippines, Singapore and India.

Both Segawa and Lim's responsibilities include developing and implementing strategies and infrastructure to grow TIBCO's customer and revenue share within the region, and rapidly building a strong network of industry partnerships and alliances in support of the marketplace.  Both Segawa and Lim will report directly to Gene Kuo, vice president and managing director of TIBCO Asia Pacific.

"Segawa and Lim's appointments reaffirm our commitment to building a strong presence in Asia Pacific," said Gene Kuo. "With new managing directors for Japan and South Asia, TIBCO is further committed to delivering real-time e-business infrastructure solutions to the fast growing Asia Pacific market." Michio Segawa, Managing Director, Japan Formerly with SAP, Compaq, and IBM, Segawa has 28 years of engineering, operations, sales and marketing experience in Japan.  Prior to joining TIBCO, Segawa served as vice president of the manufacturing sector at SAP Japan, where he managed sales and marketing.  While at SAP, he also served as vice president of solutions, marketing and alliances.  Segawa holds a master's degree in Computer Science from Stanford University.

"Japanese companies are quickly realizing that in order to survive, they must become e-businesses," said Segawa.  "I believe that TIBCO's solutions create a significant competitive advantage for our customers' transformation to real-time e-businesses and to contribute to their business success.  I look forward to further expanding our presence in Japan."

Eric Lim, Managing Director, South Asia Lim brings more than 15 years experience in the information technology industry.  For the last eight years prior to joining TIBCO, Lim was responsible for the South Asia professional services practice of Lotus Development at IBM.  Before IBM, he held various management positions throughout Asia with companies such as National Computer Systems and Asian Sources Media Group.  Lim holds a master's degree in Computer Studies from the University of Essex, England.

"TIBCO has already established a broad base of clients in the region," said Lim.  "By creating regional operations in Singapore, we will be ahead of the competition in establishing ourselves as the preferred provider of real-time e-business infrastructure software within the South Asia region."

About TIBCO Software TIBCO Software Inc.  is a leading provider of real-time e-business infrastructure software.  TIBCO's three product lines

-- TIBCO ActiveEnterprise(R), TIBCO ActiveExchange(TM) and TIBCO ActivePortal(TM) -- enable businesses to integrate enterprise applications, interact with other businesses in B2B commerce, and efficiently deliver personalized information through enterprise portals.  TIBCO's products enable the real-time distribution of information through patented technology called The Information Bus(R), or TIB(R).  TIB technology was first used to digitize Wall Street and has since been adopted in diverse industries including telecommunications, electronic commerce, manufacturing and energy.  TIBCO's global client base includes more than 1,000 customers from around the world such as Cisco Systems, Yahoo!, Ariba, NEC, 3Com, Sun Microsystems, SAP, Philips, AT&T and AOL/Netscape.  Headquartered in Palo Alto, California, TIBCO can be reached at 650-846-1000 or on the web at www.tibco.com.

NOTE: TIBCO, TIBCO ActiveEnterprise, TIBCO ActiveExchange, TIBCO ActivePortal, The Information Bus and TIB are trademarks or registered trademarks of TIBCO Software Inc.

Legal Notice Regarding Forward-Looking Statements: This release may contain forward-looking statements regarding TIBCO's business, customers or other factors that may affect future earnings or financial results.  Actual results could differ materially from those projected in such forward-looking statements. 

Additional information concerning factors that could cause our actual results to differ materially from those contained in the forward-looking statements can be found in TIBCO Software's filings with the Securities and Exchange Commission ("SEC"), including but not limited to its registration statement on Form S-1 which was filed with the SEC on February 29, 2000, and the most recent reports on Forms 10-Q and 10-K, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements including limited independent operating history, history of losses, unpredictability of future revenue, dependence on a limited number of customers, relationship with Reuters Group PLC, rapid technological and market changes, risks associated with infrastructure software and volatility of stock price. 

Copies of filings made with the SEC are available through the SEC's electronic data gather analysis and retrieval system (EDGAR) at www.sec.gov.  TIBCO assumes no obligation to update the forward-looking statements included in this document.

SOURCE TIBCO Software Inc.

CONTACT: Caroline Phillips of TIBCO Software Inc., 650-846-5697, or [email protected]; or Kevin Clark of Phase Two Strategies, Inc., 415-772-8428, or [email protected], for TIBCO Software Inc.  Web site: http://www.tibco.com

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