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TIBCO Software Inc Announces Multimillion Dollar Transaction by the Department of Homeland Security

by cloudtweaks on October 26, 2011

in Business, Cloud Computing, Computing, Government, Invest, IT, News, Press Release, Stocks, Technology

Department of Homeland Security Licenses TIBCO Software in Multimillion Dollar Deal

Palo Alto, CA, October 26, 2011 - TIBCO Software Inc. (NASDAQ: TIBX) today announced a multimillion dollar transaction by the Department of Homeland Security (DHS) for TIBCO software products. TIBCO technology will be used by DHS’s National Protection and Programs Directorate’s National Cyber Security Division to protect and defend the federal executive branch civilian networks – also referred to as the dot-gov domain.

DHS efforts are focused on enhancing the cyber security posture of the nation by improving their capacity to prevent, identify, respond to and recover from cyber threats. President Barack Obama has described the networks as “strategic national assets” and called the growing number attacks on these networks “one of the most serious economic and national security threats our nation faces.

DHS will leverage technology currently deployed within other government agencies along with TIBCO’s platform to fulfill its mission to protect and defend the federal executive branch civilian networks.

Supporting Quote

TIBCO’s technology is the perfect platform for protecting the civilian agencies dot-gov domain,” said Dick Martin, president, TIBCO Software Federal, Inc. “Building a real-time event notification solution for the detection of threats and unforeseen attacks will help the DHS achieve its goals and leverage its current developmental efforts.”

About TIBCO

TIBCO Software Inc. (NASDAQ: TIBX) is a provider of infrastructure software for companies to use on-premise or as part of cloud computing environments. Whether it’s efficient claims or trade processing, cross-selling products based on real-time customer behavior, or averting a crisis before it happens, TIBCO provides companies the two-second advantage™ – the ability to capture the right information, at the right time, and act on it preemptively for a competitive advantage. More than 4,000 customers worldwide rely on TIBCO to manage information, decisions, processes, and applications in real time.

Learn more at: www.tibco.com.

Source: Tibco Software Inc

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