PALO ALTO, Calif., Nov. 8, 2006 -- TIBCO Software Inc. (Nasdaq: TIBX), a leading business integration and process management software company that enables real-time business, today announced that APICS The Association for Operations Management has awarded TIBCO with a prestigious Corporate Award of Excellence for 2006. Specifically, TIBCO Collaborative Information Manager(TM), the core of TIBCO's Master Data Management (MDM) solution, was recognized with an APICS Innovation Award of Excellence. The awards were presented during the APICS International Conference and Exposition held at the Orange County Convention Center in Orlando, Fla. from Oct. 29-31, 2006.

APICS's mission is to build operations management excellence in individuals and enterprises through superior education and training, internationally recognized certifications, comprehensive resources and a worldwide network of accomplished industry professionals. The APICS Innovation Award of Excellence recognizes the development of a new technique or product that has significantly advanced the field of operations management. In winning this year's award, TIBCO Collaborative Information Manager was recognized specifically for originality; usefulness to the industry; strategic potential; real-world impact; and operational efficiencies achieved in current deployments.

"The winners of this year's Corporate Awards of Excellence provide the best demonstration of the APICS' mission to advance the operations management profession," said Abe Eshkenazi, Executive Director, APICS. "From the myriad entry submissions we received for this year's Innovation Award of Excellence, TIBCO Collaborative Information Manager showed the greatest potential to change how business operates today as well as in the coming years."

"We are honored to receive this year's APICS Innovation Award of Excellence," said Neeraj Gokhale, general manager, Master Data Management, TIBCO Software Inc. "It is a validation of the robust benefits that our MDM offering provides customers to help ensure that data is consistent, complete, clean and accurate throughout the entire organization."

TIBCO Collaborative Information Manager version 6.0 enables organizations to manage their enterprise master data assets and build and support the necessary processes, policies and procedures to ensure that clean data stays clean. TIBCO Collaborative Information Manager creates a central repository to harmonize and reconcile master data across the enterprise to provide an accurate and consistent information layer. Using TIBCO, organizations are able to better align enterprise master data (product, customer, vendor, etc.) across multiple business units, departments and partners and synchronize that information with downstream IT transactional systems.

About APICS The Association for Operations Management

APICS The Association for Operations Management is the global leader and premier source of the body of knowledge in operations management, including production, inventory, supply chain, materials management, purchasing and logistics. Since 1957, individuals and companies have relied on APICS for its superior training, internationally recognized certifications, comprehensive resources and worldwide network of accomplished industry professionals. For more information, please visit http://www.apics.org.

About TIBCO

TIBCO Software Inc. is a leading business integration and process management software company that enables real-time business. Real-time business is about helping companies become more cost-effective, more agile and more efficient. TIBCO has delivered the value of real-time business, what TIBCO calls The Power of Now(R), to over 2,500 customers around the world and in a wide variety of industries. For more information on TIBCO's proven enterprise backbone, business integration, business process management, and business optimization solutions, TIBCO can be reached at +1 650-846-1000 or on the Web at http://www.tibco.com. TIBCO is headquartered in Palo Alto, CA.

NOTE: TIBCO, the TIBCO logo, The Power of Now, TIBCO Collaborative Information Manager, and TIBCO Software are trademarks or registered trademarks of TIBCO Software Inc. in the United States and/or other countries. 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.