@TheMoment and TIBCO Software Combine Forces to Offer Next Generation B2B Internet Exchange Platform.

Business Editors/High Tech Writers

SAN MATEO, Calif.--(BUSINESS WIRE)--May 15, 2000

Alliance to enable Net market makers to build flexible, massively

scalable B2B Internet exchanges

@TheMoment, Inc. today announced a strategic alliance with TIBCO Software Inc. (Nasdaq: TIBX) to jointly market their leading solutions to marketplace operators seeking to rapidly build and deploy powerful Internet exchanges.

Capitalizing upon the need for a robust trading solution, the @TheMoment Dynamic Trading Suite offers Net market makers a configurable trading platform to produce a wide range of marketplaces (including catalogs, auctions, and negotiated exchanges) enabling users to buy and sell dynamically priced goods and services. Utilizing TIBCO's real-time B2B infrastructure software, the suite enables Net market makers to build highly scalable marketplaces featuring up to 1,000 trades per second.

"We're pleased to work with @TheMoment to ensure that the mission-critical trading operations of Internet exchanges have the ability to meet the growing demand for the next generation of dynamic e-commerce," said Ram Menon, director of business-to-business strategy for TIBCO Software. "By leveraging our combined technologies, we expect TIBCO and @TheMoment to power the next wave of business-to-business e-commerce."

"@TheMoment is focused on delivering a comprehensive and cost-effective trading solution to marketplace operators," said Corinne Fok, director of business development, @TheMoment, Inc. "With TIBCO, @TheMoment has produced an 'industrial strength,' scalable trading solution that meets Net market makers' needs today and will grow with their marketplaces over time."

@TheMoment incorporates TIBCO technology

The @TheMoment Dynamic Trading Suite provides Internet exchanges with a wide range of trading types, including catalogs, forward/reverse auctions, negotiated exchanges, and beyond - enabling users to buy and sell dynamically priced goods and services. The trading platform allows Internet exchange operators to develop marketplaces that maximize revenue and profit opportunities as well as collect upon previously lost revenues.

Developed using TIBCO's TIB/Rendezvous(TM) publish/subscribe technology, the @TheMoment Dynamic Trading Suite enables Internet exchanges to host thousands of simultaneous users on a single exchange. In addition, the trading platform enables the delivery of real-time streaming market condition information to buyers and sellers, ensuring they don't miss a second of activity in an exchange.

The industry's first IESP @TheMoment is the industry's first Internet Exchange Service Provider (IESP) model, a hosted application service for Internet exchanges. As an IESP, @TheMoment provides customers with a turnkey solution that integrates best-of-breed services necessary for building, maintaining and scaling a highly functional Internet exchange. Because @TheMoment features a hosted solution, Internet exchanges are rapidly built and deployed - speeding customers' time to market and allowing them to focus on their domain expertise.

About TIBCO Software Inc.

TIBCO Software Inc. (NASDAQ:TIBX) is a leading provider of real-time e-business infrastructure software. TIBCO's three product lines-TIBCO ActiveEnterprise(R), TIBCO ActiveExchange(TM) and TIBCO ActivePortal(TM) -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(R), or TIB(R). 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 client base includes more than 600 enterprise customers from around the world such as Cisco Systems, Yahoo!, Ariba, NEC, 3Com, Sun Microsystems, SAP, Philips, AT&T and AOL/Netscape. Headquartered in Palo Alto, California, TIBCO can be reached at [phone] or on the web at http://www.tibco.com.

About @TheMoment, Inc.

@TheMoment, Inc. is the industry's first Internet Exchange Service Provider (IESP) for business-to-business (B2B) Net marketplaces. Featuring the premier dynamic trading solution - the @TheMoment Dynamic Trading Suite, @TheMoment allows Net market makers to sell goods or services using a variety of dynamic pricing models including auctions, negotiated exchange, "live" bid/ask and derivatives trading. @TheMoment's comprehensive offering is delivered via a hosted model allowing B2B exchanges to speed their time to market, reduce costs and focus on domain expertise.

@TheMoment is funded by VantagePoint Venture Partners and other strategic investors and is headquartered in San Mateo, Calif. Additional company information is available at http://www.themoment.com.

TIBCO, TIBCO ActiveEnterprise, TIB/Rendezvous, The Information Bus and TIB are trademarks or registered trademarks of TIBCO Software Inc.

Legal Notice Regarding Forward-Looking Statements: This release may contain forward-looking statements regarding TIBCO's business, customers or other factors that may affect future earnings or financial results. Actual results could differ materially from those projected in such forward-looking statements. 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 registration statement on Form S-1 which was filed with the SEC on February 29, 2000, and the most recent reports on Forms 10-Q and 10-K, 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.