Companies Collaborate to Help Prepare Chinese Enterprises for World Trade
Organization Competitive Pressure
Beijing, CHINA, April 09, 2001 - Leading Internet portal
SOHU.com (NASDAQ: SOHU) announced today it has joined TIBCO Software Inc.'s
Alliance Partner Program (Nasdaq: TIBX) in a move that will help Chinese
companies realize higher levels of efficiency, productivity and connectivity. As
an alliance partner, SOHU.com's technical team will receive training and
professional certification that will get them up-to-speed on the fundamentals of
TIBCO? technology, enabling them to blueprint and implement successful TIBCO
solutions for corporate clients in China.
TIBCO is a global provider of real-time infrastructure software that enables
companies to integrate enterprise applications, interact with other businesses
in business-to-business commerce, and efficiently deliver personalized
information to consumers through enterprise portals.
SOHU.com is taking advantage of its high-profile brand and technical
expertise to offer Chinese enterprises information management systems that will
fundamentally change the way they do business by using TIBCO's range of
solution-based technology products.
According to Silicon Valley's Institute for the Future, "Successful firms
must find business models that allow them to integrate advertising, information
and transactions literally at any time or any place the customer wants.
Information exchange will be a critical element of any profitable business
model."
TIBCO's solutions will allow SOHU.com's technology team to build intelligence
into network infrastructures by helping domestic and international companies
operating in China build more collaborative business-to-business commerce
systems that ensure the seamless, real-time connection of cross-company
processes, systems and data.
"It is now widely recognized that in order for enterprises to survive in
today's marketplace, they must become e-businesses," said Vivek Ranadiv¨?,
chairman and CEO of TIBCO Software. "To participate fully in the new e-conomy,
businesses need reliable ways to connect and interlink their business processes
in real-time. The most successful companies in the 21st century will leverage
the Internet to automate and integrate business processes in order to reduce
costs and deliver high-quality customer satisfaction."
"A company's competitive advantage depends on how well their information,
knowledge, data and processes are integrated, extended and connected to their
customers, employees, partners and suppliers," said Nick Yang, SOHU.com's
vice-president of technology. "SOHU.com cannot create effective IT
infrastructures to support mission-critical inter-company processes unless it
invests in the best integration software available. The intellectual capital and
technology applications available from TIBCO will help us take more market-share
in the e-business solutions market."
TIBCO's e-business infrastructure technology can be used throughout a broad
range of industries, including energy, high-tech manufacturing, financial
services, health care and telecommunications. "I am excited to work with TIBCO
because its technology is so widely applicable. Together we are well positioned
to benefit from the increased revenue potential of this huge market," remarked
Charles Zhang, CEO and president of SOHU.com. "We have always been committed to
helping every Chinese business become more competitive and productive. With the
help of TIBCO's dynamic technology solutions the 'Search Fox' will play a
leading role in revitalizing domestic enterprises, and getting them ready to
face intense competitive pressure when the country joins the World Trade
Organization."
About TIBCO Software Inc: TIBCO Software Inc. (NASDAQ:TIBX) is a leading
provider of real-time e-business infrastructure software. TIBCO's four product
lines-TIBCO ActiveEnterprise?, TIBCO ActiveExchange?, TIBCO ActivePortal? and
TIBCO Extensibility?-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 direct customer
base includes more than 800 customers from around the world such as Cisco
Systems, Yahoo!, Ariba, NEC, Enron, Sun Microsystems, GE Capital, Philips,
AT&T, Pirelli and AOL/Netscape. Headquartered in Palo Alto, California,
TIBCO can be reached at (650) 846-1000 or on the web at www.tibco.com.
About SOHU.com SOHU.com is the leading Internet portal in
Mainland China with current daily page views exceeding 12 million. It provides
navigation/search, news, sports, business and finance, real estate channel,
entertainment, chat, email and e-commerce activities for a solid and wide base
of visitors. Dr. Charles Zhang founded SOHU.com in 1997. Its investors include
Intel, Dow Jones, IDG, the Morningside China Group, PCCW, Legend and Hikari. Its
content partners include CNET, DOW Jones and dozens of local media organizations
in China.
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TIBCO, TIBCO Software, TIBCO ActiveEnterprise, TIBCO ActiveExchange, TIBCO
ActivePortal, TIBCO Extensibility, The Information Bus and TIB are trademarks or
registered trademarks of TIBCO Software Inc.
For further information: Dahlia Wei SOHU Investor
Relations and Communications Tel: +86 10 6272 6598 E-mail:
ir@sohu-inc.com
http://www.sohu.com/about/English/ |