Novopoint(TM), an Internet business-to-business (B2B) marketplace for food and beverage manufacturers and suppliers, announced today it has selected Tibco Software Inc., a leading provider of real-time infrastructure software for e-business, for its B2B infrastructure platform. TIBCO’s technology helps power some of the world’s leading Internet portals and exchanges, including Yahoo!, AltaVista, CBS SportsLine, SingleSourceIT, Altra Energy and Chemdex.
Powered by TIBCO’s infrastructure software, the Novopoint marketplace, launching this summer, will give buyers and sellers of food ingredients, packaging and related services a single, convenient place to connect with each other, conduct transactions and better manage their supply chains. The marketplace will serve participants of all sizes from every facet of the food industry, including buyers and suppliers of oil, sugar, colorings, packaging, chemicals, freight and everything in between.
“A successful e-marketplace is dependent on the ability to seamlessly connect buyers and sellers in real-time,” said Ram Menon, director of B2B strategy for TIBCO Software. “TIBCO’s B2B infrastructure platform will enable Novopoint to rapidly launch its marketplace, quickly increase its breadth and depth of services, and easily connect a broad range of participants.”
“We needed a scalable and reliable infrastructure to support our marketplace,” said Jeff Mitchell, vice president of sales for Novopoint. “TIBCO was the best solution available because its flexible, e-business infrastructure platform will enable us to scale to millions of transactions, ensuring that our site can keep up with the growth of our business. It will also allow us to add more services and easily plug in new applications as needed.”
The TIBCO ActiveEnterprise® business product suite provides Novopoint with the necessary tools to seamlessly connect its internal applications, external feeds, and scale to thousands of transactions per second. The TIBCO ActivePortal product suite provides Novopoint with the visualization and web integration components necessary to tie its partners into a distributed supply chain across the web.
About TIBCO ActiveEnterprise and TIBCO’s Portal Solutions
The core of TIBCO’s real-time software infrastructure offering is the TIBCO ActiveEnterprise suite, designed for building a complete, end-to-end Internet and enterprise infrastructure that successfully scales to the most demanding business information networks. It provides a real-time e-business integration platform that encompasses data integration and transformation, business process coordination, messaging, enterprise portals and alerting, adapters for legacy, packaged and third-party applications, plus enterprise monitoring and management.
Tib/PortalBuilder, a member of the TIBCO ActivePortal product suite, extends TIBCO’s comprehensive ActiveEnterprise infrastructure to include preparation and presentation of personalized content to individual users. TIB/PortalBuilder(TM) performs three primary roles in the creation of a portal:
. — page assembly and presentation using templated output and integrated services.
Novopoint is an independent B2B exchange for food and beverage suppliers and manufacturers. The majority of equity ownership will be held by companies recognized as industry leaders. Cargill, an international marketer, processor and distributor of agricultural, food, financial and industrial products and services, is a founding minority investor in Novopoint. Discussions are underway with other prospective investors. Novopoint’s technology partner Ariba will provide the technology platform for the exchange. The site is being built on the TIBCO infrastructure and will integrate Ariba applications and Novopoint supply chain and back-office applications. Additional investor CrossPoint Venture Partners, ranked by Forbes as the best venture capital firm in 1997 – 1999, specializes in B2B e-commerce.
About TIBCO Software
TIBCO Software Inc. is a leading provider of real-time e-business infrastructure software. TIBCO’s three product lines — TIBCO ActiveEnterprise®, 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®, or TIB®. 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.
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