July 07, 2008
DUBAI, United Arab Emirates, June 30 -- TIBCO Software Inc.
today announced the successful enterprise-wide deployment of the first
composite application based on TIBCO's SOA software at Qatar-based Doha
Securities Market (DSM). This first application provides DSM investors
a portal with a single, personalized access point to information and
services for increased transparency.
"Effective use of advanced IT infrastructure has long been a key
component of DSM's IT strategy, and the implementation of an enterprise
portal supported by TIBCO's SOA infrastructure is a logical
progression," said Mohsin Mujtaba, consultant for markets integration
and technology at DSM. "We are in a unique position in the regional
securities market, and TIBCO's technology allows us to provide
high-quality exchange services and manage high volumes. The use of Web
services through the portal allowed us to handle 10 times more
transactions in the clearing settlement and depository system during a
recent GCC-wide listing. We are providing a real-time streaming stock
quote service to our end-users through the Web, with unrivaled speed
and delivery in the region."
With TIBCO software, DSM is able to minimise risk and improve
productivity by automating complex business processes and procedures to
help ensure the execution of transactions with greater speed and
accuracy. The recent deployment delivers an infrastructure that
supports DSM's need to achieve straight-through processing. Often a mix
of processes and applications impedes efficiency. TIBCO ActiveMatrix
BusinessWorks, TIBCO PortalBuilder and TIBCO Enterprise
Messaging software make it faster and easier for DSM to realise the
benefits of integrated applications and reusable services in a
service-oriented environment. DSM can easily add, configure or modify
composite applications based on the changing needs of their customers.
DSM required a Web-based, enterprise-wide portal solution to support
an environment for business-to-business, business-to-customer,
business-to-employee and business-to-government activities. Using TIBCO
ActiveMatrix BusinessWorks and TIBCO PortalBuilder, DSM seamlessly
integrated its back-end infrastructure applications including
Electronic Trading Platform & C/SDR systems, with its front-end
transaction systems to create a personalized e-marketplace with
multiple channels. This new portal forms the basis for delivering
e-commerce services and products to its users. DSM also provides easy
access to brokers and banks with virtual transaction and settlements
services, live stock quotes, market trends and analytics.
"Any factor that favorably differentiates one company from another
is vital to promoting customer loyalty and long-term success," said
Fabio Pulidori, senior vice president for EMEA at TIBCO. "TIBCO worked
closely with DSM to help support its rapid growth and change with SOA.
The result was increased business performance and agility from the
automation of business processes, simplified access to information, and
the ability to more quickly implement and change applications."
TIBCO digitized Wall Street in the '80s with its event-driven
"Information Bus" software, which helped make real-time business a
strategic differentiator in the '90s. Today, TIBCO's infrastructure
software gives customers the ability to constantly innovate by
connecting applications and data in a service-oriented architecture,
streamlining activities through business process management, and giving
people the information and intelligence tools they need to make faster
and smarter decisions, what TIBCO calls The Power of Now. TIBCO serves
more than 3,000 customers around the world with offices in more than 20
countries and an ecosystem of over 200 partners. Learn more at www.tibco.com/.
Source: TIBCO Software Inc.
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