New York: Indian American founded TIBCO Software Inc, a leading provider of total business integration solutions, has announced the general availability of TIBCO ActiveExchange (TM) 2.0, a new business-to-business (B2B) integration software product line.

ActiveExchange 2.0, the company said, offers a faster and more efficient way of connecting business partners to automatically conduct transactions online from any geographic location.

Industry analysts predict that nearly five billion online B2B transactions will take place by the year 2004. According to the Yankee Group, B2B e-commerce transactions will reach $ 2.8 trillion in the US by 2004.

TIBCO Chief Executive Officer (CEO) Vivek Ranadive said, “The success of e-commerce in a global market, demands the use of B2B integration software to streamline and automate online business transactions. Companies around the world are improving business operations through the use of TIBCO's B2B integration software.”

“Increasing e-commerce volumes from billions to trillions of Dollars, which represents a fundamental change in how companies interact, will require robust integration software,” said senior analyst with the Yankee Group's B2B commerce strategy practice Jon Derome.”

TIBCO's B2B integration capabilities should allow the company to build a significant share of the integration software foundation that will enable B2B market development.”

ActiveExchange 2.0 also delivers other benefits that customers expect from total business integration solutions, the company said. They include real-time supply chain data sharing; dynamic business process automation; increased systems performance; rapid distribution channel creation; and increased inventory visibility.

“We use TIBCO ActiveExchange to give our customers a level of integration and automation that is second to none,” said CEO of Australia's e-marketplace corProcure Len Ward. “The versatility and scalability of TIBCO's solution enabled us to rapidly build our exchange on a platform capable of delivering the quality of services demanded by our customers,” he added.

Leading global and regional systems integrators such as, KPMG, Deloitte Consulting, Xoriant, Xavor and Inventa are using TIBCO ActiveExchange.

India Abroad News Service

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