FOR IMMEDIATE RELEASE
Vivek Ranadivé RECEIVES 2005 Wharton Infosys Business Transformation technology change agent Award
WIBTA Salutes Organizations & Individuals Transforming Business with Innovative Use of Technology
PALO ALTO, Calif., Nov. 8, 2005 – TIBCO Software Inc., a leading business integration and process management software company that enables real-time business, today announced that TIBCO’s Founder, Chairman and CEO, Vivek Ranadivé, has won the Wharton Infosys Business Transformation Awards (WIBTA) 2005 Technology Change Agent Award for North America. The WIBTA seeks to reward excellence and innovation in information technology with industry-wide impact and recognizes new performance trends with a potential to re-define industry and business models. This year, the jury unanimously decided to select Vivek Ranadivé for the Technology Change Agent Award for his accomplishments and vision around the future of integration and real-time business.
Commenting on having won the award, Mr. Ranadivé said, “Bringing together the business acumen of a world-class business school with that of a world leader in information technology, the WIBTA is truly unique in its point of view. There is no other award that recognizes organizational transformation through IT with the same comprehensive understanding of both the business and technology impact. As a result, receiving the 2005 Technology Change Agent award is indeed a rare honor.”
The WIBTA recognized Mr. Ranadivé as a visionary leader who realized the future of integration and continues to champion both real-time business and emerging technologies that enable companies to unleash the power of information across enterprises – allowing companies to become more competitive. Mr. Ranadivé has guided TIBCO® to the position of a leading enabler of real-time business, helping customers become more cost-effective, more agile and more efficient.
“The Wharton Infosys Business Transformation Award recognizes the strategic foresight of the organizations and their leaders who envision, create and execute the transformation process and propel their organizations,” said N.R. Narayana Murthy, chairman and chief mentor of Infosys Technologies Ltd. and a WIBTA panelist. “We have great pleasure in congratulating Mr. Ranadivé on this accomplishment.”
WIBTA fosters the spirit of change and celebrates the success of those organizations and individuals whose achievements showcase the best practices of using technology to create new paradigms. Entering in its fourth year now, the award is separately given for four regions, Latin America, Europe, Asia Pacific and North America, in two categories: The Enterprise Business Transformation Award, for an organization that has made the best use of IT for transformation; and The Technology Change Agent Award, for an individual who has been a key driver in using technological innovation as a tool for transformation.
The distinguished jury panel for WIBTA includes thought leaders such as Esther Dyson, chairman of EDventure Holdings; Sir Paul Judge, chairman of Schroder Income Fund; N.R. Narayana Murthy, chairman of the board, Infosys Technologies Ltd.; and Dr. Habir Singh, co-director of the Mack Center at the Wharton School of the University of Pennsylvania. The panel also includes industry leaders such as Michael Eskew, chairman and CEO, United Parcel Service (UPS), and David Boyls, founder and principal, CXO Technology Advisory, Pty. Ltd. More details on the WIBTA jury and winners are available at www.wibta.com
About Infosys Technologies Ltd. (Nasdaq: INFY) Infosys, a world leader in consulting and information technology services, partners with Global 2000 companies to provide business consulting, systems integration, application development and product engineering services. Through these services, Infosys enables its clients to fully exploit technology for business transformation. Clients leverage Infosys’ Global Delivery Model to achieve higher quality, rapid time-to-market and cost-effective solutions. Infosys has approximately 15,000 employees in over 30 offices worldwide. For more information, visit www.infosys.com.
About the Wharton School and the Mack Center for Technological Innovation The Wharton School of the University of Pennsylvania is recognized around the world for its academic strengths across every major discipline and at every level of business education. Founded in 1881 as the first collegiate business school in the nation, Wharton has approximately 4,600 undergraduate, MBA, Executive MBA, and doctoral students, more than 8,000 participants in its executive education programs annually, and an alumni network of more than 80,000 worldwide. Bringing together leaders from business, government, and labor, the Mack Center provides a forum for probing critical issues, discussing research, and planning future study. As the umbrella organization for all of Wharton’s technology management initiatives, the center supports the research and publishing activities of Wharton faculty members, and supports a student-run conference.
About TIBCO TIBCO Software Inc. (NASDAQ:TIBX) 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®, 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 can be reached at +1 650-846-1000 or on the Web at www.tibco.com. TIBCO is headquartered in Palo Alto, CA.
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