TIBCO SOFTWARE INC. REACHES MILESTONE IN FINANCIAL SERVICES SECTOR WITH NEW ENTERPRISE-CLASS MESSAGING SOLUTION. Five of the Top Ten Brokers Standardise on TIBCO Enterprise Message ServiceT

PALO ALTO, Calif. - June 21, 2004 - TIBCO Software Inc. (NASDAQ: TIBX), a leading enabler of real-time business and the world's largest independent business integration software company, today announced that five out of the top ten brokers have standardised on the new TIBCO Enterprise Message Service as their messaging platform.

"Given our performance, scalability and reliability requirements, TIBCO Enterprise Message Service became the obvious choice for us," said Tom Gwydir, division information officer, Corporate and Investment Banking of Wachovia. "TIBCO's understanding of the financial services market and installed base means we can leverage our experiences with our peers in the market and gain from the collective experience."

TIBCO Enterprise Message Service is becoming a widely adopted messaging platform in the financial services sector because financial services customers demand solutions that are reliable, standards-based, scalable and high-performance. A flexible real-time messaging platform is critical for financial services firms that seek to gain operational efficiencies, enhance customer service and quickly adapt to changing business conditions.

TIBCO Enterprise Message Service includes an extremely robust implementation
of Java Message Service (JMS) that leverages the expertise and experience TIBCO has gained as the leading provider of high-performance messaging software. In addition to offering a standards-compliant JMS interface, TIBCO Enterprise Message Service provides broad platform connectivity that includes Java application servers, .NET environments, messaging systems, such as TIBCO RendezvousR and TIBCO SmartSocketsT, and a wide array of operating systems and third-party components. It is the most flexible real-time messaging platform on the market.

"We are pleased that customers such as Goldman Sachs, Lehman Brothers, Merrill Lynch and Wachovia selected TIBCO Enterprise Message Service," said Murat Sonmez, senior vice president of Financial Services, TIBCO Software Inc. "TIBCO's messaging software powers the communications infrastructure for the world's top financial institutions and we are committed to offering standards-based solutions that address the mission-critical needs of the market."

With TIBCO Enterprise Message Service, TIBCO has delivered another key component of Predictive BusinessT. Many business operations follow patterns
that, if identified, may allow for preemptive behaviour that could prevent problems from occurring, or allow businesses to fully leverage emerging opportunities. Whereas real-time business is about responding faster than competitors, springing into action to address a customer need, and capturing
opportunities ahead of the competition, Predictive Business is about avoiding problems altogether, anticipating customer needs and growth opportunities, and proactively addressing them.

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