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CapitalStream Selects TIBCO Software To Provide Enterprise Application Integration Across Its Networked Commercial Finance Platform

CapitalStream improves its robust commercial finance platform; additional technology will enable rapid, scalable integration for third-party and customers’ legacy systems


SEATTLE, WA–July 17, 2001
–CapitalStream, a Seattle-based provider of commercial finance automation technology, today announced it will utilize the TIBCO Software Inc. (Nasdaq: TIBX) Enterprise Application Integration (EAI) suite to integrate, connect and extend its network and offerings for banks, financial institutions and manufacturers. The choice for CapitalStream is significant in that it will make it possible for its offering to integrate more quickly and easily with customer legacy systems and increase customer usage flexibility – all while accelerating the commercial finance transaction workflow process.

CapitalStream will use TIBCO’s EAI solution to enhance its FlowChart Editor process, which can substantially reduce a lender’s risk, while increasing its profitability. Currently, CapitalStream’s FlowChart Editor is able to automate the credit decision-making process as well as assess risk, based on business rules set in advance by the customer. Once complete, the system initiates an additional set of actions including automatic assignment, forwarding of credit applications to a funding source for approval, and completes the credit approval cycle with the booking of the transaction. The customer has the ability to change or modify their business rules, as their requirements evolve, at anytime from the convenience of their desktop, thus saving time and money.

By adding TIBCO’s technology – also known as The Information Bus™ or the "TIB®" – once the origination process has been engaged, CapitalStream’s FlowChart Editor will be able to tie together third-party and legacy systems, and concurrently perform multiple tasks, such as credit screening, fraud check, credit rating, proper equipment usage, deal size and other elements integral to the decision making process.

"We at CapitalStream are pleased to have TIBCO as our EAI vendor," said Jeffrey Dirks, executive vice president and e-Commerce Operating Officer, CapitalStream. "By incorporating their integration technology into our solution we are creating an offering that gives customers ease of integration with the ability to link together disparate systems. This is the key to streamlining the commercial finance process."

CapitalStream is planning on full implementation of the Integration Manager portion of the EAI solution by 4th quarter of 2001. In 2002 all new CapitalStream customers will experience the faster, more efficient CapitalStream – FinanceCenter offering. Current customers will also be able to adopt the enhanced CapitalStream solution at that time.

"CapitalStream offers a key application for banks and companies looking to provide commercial financing," said Fred Meyer, chief marketing officer for TIBCO Software. "By basing their platform on TIBCO’s technology, CapitalStream will have the benefits of industry-leading integration, B2B and portal technologies that will enable them to quickly connect to customers and the ability to increase their competitiveness in the marketplace."

About CapitalStream

Seattle-based CapitalStream strengthens existing business relationships and streamlines transaction workflow through its flexible web infrastructure for commercial finance automation. The company provides finance companies, banks and manufacturers the ability to manage, distribute and automate commercial lease, loan and credit card financing programs for their business customers and associates. CapitalStream, an established industry leader for more than five years with deep knowledge about the inner workings of the financing world, has helped hundreds of financial organizations increase their competitiveness, customer service and profitability.

About TIBCO Software Inc.

TIBCO Software Inc. (Nasdaq: TIBX) is a leading provider of total business integration solutions delivering infrastructure software that enables businesses to seamlessly integrate business systems in real-time. TIBCO’s products enable the real-time distribution of information through patented technology called The Information Bus™ or TIB®. TIBCO technology was first used to digitize Wall Street and has since been adopted in diverse industries including financial services, telecommunications, electronic commerce, transportation, logistics, manufacturing and energy. TIBCO’s global customer base includes more than 1,200 customers such as Cisco Systems, Yahoo!, Ariba, NEC, Enron, Sun Microsystems, GE Capital, The Limited, Delta Air Lines, Philips, AT&T and Pirelli. Headquartered in Palo Alto, California, TIBCO can be reached at 650-846-1000 or on the web at www.tibco.com.

TIBCO, TIBCO Software, TIBCO ActiveEnterprise, TIB/NetworkConnector, TIB/BusinessConnect, TIB/InConcert, TIB/MessageBroker, TIB/Rendezvous, TIB/Hawk, The Information Bus and TIB are trademarks or registered trademarks of TIBCO Software Inc. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.

Legal Notice Regarding Forward-Looking Statements: This release contains forward-looking statements regarding TIBCO's business, customers, markets served or other factors including the ability of products to meet customers’ expectations, needs, or perform as described that may affect future earnings or financial results. Our actual results could differ in such forward-looking statements. Reasons for why actual results could differ materially include if the products are unable to successfully meet customers’ expectations, needs, or perform as described. 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 most recent reports on Forms 10-Q and 10-K filed with the SEC on April 12, 2001 and February 27, 2001, respectively, 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.

For additional information, contact:

Jennifer Fox
Capital Stream, Inc.
206-548-1651
jenniferf@capitalstream.com

Scott Battishill
DDB Seattle
206-464-0197
scott.battishill@sea.ddb.com

Caroline Phillips
TIBCO Software Inc.
650-846-5697
caroline@tibco.com