TIBCO Software Achieves Section 404 Compliance for 2004


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Sarbanes Oxley : Governance

TIBCO Software Achieves Section 404 Compliance for 2004

Vivek Ranadive
Chairman & CEO
TIBCO Software

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 it achieved compliance with Section 404 of the Sarbanes-Oxley Act. Today TIBCO filed its Annual Report on Form 10-K with the Securities Exchange Commission containing its Management?s Report on Internal Control over Financial Reporting. TIBCO management assessed the effectiveness of TIBCO?s internal control over financial reporting and concluded that such controls were effective as of November 30, 2004.

TIBCO is one of the first companies required to test for Section 404 compliance due to its November 30 year end and is also one of the first to obtain Section 404 compliance. Section 404 of the Sarbanes-Oxley Act requires companies to establish and attest to an effective control structure for reporting financial results.

?TIBCO is pleased to have achieved Section 404 compliance ? this is an affirmation of the integrity of TIBCO?s financial statements, internal controls and systems,? said Vivek Ranadive, Chairman and CEO, TIBCO Software Inc. ?This achievement is a testament to the hard work and determined efforts of the individuals involved on this project.?

TIBCO Software Inc. (NASDAQ:TIBX) is the leading independent business integration software company in the world, demonstrated by market share and analyst reports. In addition, TIBCO is a leading enabler of Real-Time Business, 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?, to over 2,000 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 is headquartered in Palo Alto, CA. TIBCO can be reached on the Web at www.tibco.com.

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