Tibco wins Toyota Financial Services contract; extends Integra deal
11 November 2003 | 4609 views | 0
Tibco Software has signed Toyota Financial Services to its enterprise integration platform, representing its first direct client win in the financial sector since parent company Reuters agreed to cut its stake in the firm.
Under a deal announced last month, Reuters has agreed to cut its stake in business integration software subsidiary Tibco and loosen previously imposed restrictions on direct sales to financial services companies.
Toyota Financial Services, the finance and insurance brand for Toyota in the United States, will use Tibco's technology to integrate Siebel's Universal Application Network (UAN) with its legacy mainframe applications in a bid to improve customer service across its call centres.
Shaun Coyne, vice president and chief information officer, Toyota Financial Services, says: "With the strength of the Tibco platform, and the power of UAN pre-packaged processes, we'll see a better time-to-value on our CRM applications, while being able to deliver a more robust suite of financial services offerings to our customers."
Seperately, Tibco has extended its existing relationship with messaging outfit Integra SP to embed its software into the vendor's MarketConnect messaging appliance. Integra already applies Tibco software to trade lifecycle management tool iaTrade. It has just released MarketConnect Version 2.0 adding support for SwiftNet FIX, SwiftNet FIN and Oemgeo.