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El Paso Corporation Selects TIBCO Software as its E-Business Infrastructure Provider

TIBCO's Software Will Automate El Paso Corporation Business Processes

PALO ALTO, Calif., 四月 04, 2001 - TIBCO Software™ Inc. (Nasdaq: TIBX), announced today that El Paso Corporation (Nyse:EPG), a $50 billion company and operator of the longest natural gas pipeline in North America, has chosen TIBCO's real-time e-business infrastructure software to automate its energy delivery process, and its procurement process. real-time process automation will give El Paso Corporation a competitive advantage in the deregulated energy market by: eliminating costly manual processes and redundant data entry, decreasing errors associated with manual data input and expediting energy deals faster and more efficiently.

TIBCO's ActiveEnterprise product suite will automate El Paso's wholesale energy trading process by linking its trading software applications with its internal enterprise systems. This will allow real-time information to flow from its online wholesale energy-trading floor directly into its custom natural gas and electrical power delivery systems. The product suite will also automate El Paso's procurement process by linking its PeopleSoft and Commerce One e-procurement software applications directly into its internal enterprise. This will allow real-time information to flow from its e-procurement applications directly into its back-office settlement systems.

"How a business deploys technology solutions in this dynamic environment will determine its success", said Graciela Martinez, chief information officer of El Paso Corporation. "Using TIBCO™ will allow us to deploy and integrate new and existing systems and applications quickly and efficiently, position El Paso as one of the world's largest automated energy companies, and give us the advantage we need to take a leadership position in today's deregulated energy market."

"El Paso Corporation realizes the important role that real-time process automation plays in the deregulated energy market," said Peter Tebbenhoff, general manager of energy industry solutions at TIBCO Software™. "TIBCO's e-business infrastructure products will let El Paso integrate its software applications, custom systems and wholesale energy trading floor so that its business processes can occur automatically and in real-time."

About TIBCO ActiveEnterprise™

The core of TIBCO's real-time software infrastructure offering is the TIBCO ActiveEnterprise™ product line, designed for building a complete, end-to-end Internet and enterprise infrastructure that successfully scales to the most demanding business information networks. It provides a real-time e-business integration platform that encompasses data integration and transformation, business process coordination, messaging, enterprise portals and alerting, adapters for legacy, packaged and third-party applications, plus enterprise monitoring and management.

About El Paso Corporation

El Paso Corporation, the largest and most broadly based natural gas company in the world, spans the energy value chain from wellhead to electron. Withan enterprise value in excess of $50 billion, El Paso is a leader in everyphase of the natural gas industry. The company owns and operates asignificant portion of the North American natural gas delivery grid,operates the fastest growing, most sophisticated energy merchant group, and is the nation's third largest natural gas producer. El Paso, a leader inreal options valuation and risk management techniques, is focused onmaximizing shareholder value, transforming existing markets, and speedingthe development of new markets. Visit El Paso at www.epenergy.com.

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.

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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.

Legal Notice Regarding Forward-Looking Statements: This release contains Forward-Looking statements regarding TIBCO's business, customers, markets served or other factors including the ability of products to meet customers' expectations, needs, or perform as described that may affect future earnings or financial results. Our actual results could differ in such Forward-Looking statements. Reasons for why actual results could differ materially include if the products are unable to successfully meet customers' expectations, needs, or perform as described. Additional information concerning factors that could cause our actual results to differ materially from those contained in the Forward-Looking statements can be found in TIBCO Software's filings with the Securities and Exchange Commission ("SEC"), including but not limited to its most recent reports on Forms 10-Q and 10-K filed with the SEC on October 13, 2000 and February 27, 2001 respectively, which identify important risk factors that could cause actual results to differ from those contained in the Forward-Looking statements including limited independent operating history, history of losses, unpredictability of future revenue, dependence on a limited number of customers, relationship with Reuters Group PLC, rapid technological and market changes, risks associated with infrastructure software and volatility of stock price. Copies of filings made with the SEC are available through the SEC's electronic data gather analysis and retrieval system (EDGAR) at www.sec.gov. TIBCO assumes no obligation to update the Forward-Looking statements included in this document.