ING Life Korea Implements TIBCO SOA and BPM Software to Help Optimize Business Processes...

ING Life Korea Implements TIBCO SOA and BPM Software to Help Optimize Business
Processes and Capabilities
Leading Insurer in Korea chooses TIBCO to help meet the challenge of building
a process-centric SOA environment

SEOUL, South Korea, June 19 /PRNewswire-FirstCall/ -- TIBCO Software Inc.
(Nasdaq: TIBX) today announced that ING Life Korea, one of the fastest growing
insurance companies in South Korea, has successfully deployed TIBCO
ActiveMatrix BusinessWorks(TM) and TIBCO iProcess(TM) Suite as its preferred
solutions for business integration and process management.
ActiveMatrix BusinessWorks(TM) is a service-oriented architecture (SOA)
integration tool, which allows enterprises to bring together front and back
office applications on a single standards-based platform for real-time
business.
The deployment of ActiveMatrix BusinessWorks at ING Life Korea was the
first stage of a wider IT re-architecture program initiated by its parent
company, ING Life Asia-Pacific, to create a standardized IT platform across
its region-wide operations. ING Life Asia-Pacific's operations span a number
of geographical markets, including Hong Kong, Malaysia, South Korea and
Taiwan.
According to Alan Grigg, head of IT architecture department and chief IT
architect, ING Life Korea, ActiveMatrix BusinessWorks(TM) was a natural
extension to their application integration platform due to its strong feature
set, scalability and ease of implementation.
Prior to the deployment of ActiveMatrix BusinessWorks, ING Life Korea had
also adopted TIBCO iProcess Suite as its standard business process management
(BPM) engine throughout its operations. The combination of iProcess(TM) Suite
process management and ActiveMatrix BusinessWorks application integration has
been the catalyst for a paradigm shift in the life insurer's approach to
delivering IT systems, according to Grigg.
"TIBCO SOA and BPM tools have transformed our methodology for IT systems
development. They have enabled us to adopt a process-centric view of our
business, which is significantly reducing our turnaround time for rolling out
and changing business processes. These tools also extend the ability of our
existing administration systems to help us improve our operating efficiency
and business capabilities," Grigg explained.
"Business processes need to be knit tightly together if an enterprise as a
whole is to function efficiently. TIBCO is pleased it has helped ING Life
Korea achieve this through a set of process and application integration tools,
which deliver a wide variety of business benefits, including reduced
development time, easier maintenance and strong systems monitoring
capabilities," said Anthony Harris, senior vice president, Asia Pacific/Japan,
TIBCO Software Inc. "We are confident TIBCO will enable ING Life Korea to
become a more agile, efficient and competitive enterprise."
About ING Korea
ING Group is a global financial institution with Dutch origin tracing back
over 160 years, offering integrated financial service combining banking,
insurance and asset management in 50 countries around the world. ING Group
ranked the 1st in life/health insurance sector in the Fortune Global 500 for
2006 and 2007 (based on the result of 2005 and 2006). ING Life, one of the
ING business units in Korea, entered the Korean market in 1989 as a Greenfield
operation and since then enjoyed sustained growth. ING Life is now the 4th
largest life company in Korea and has the biggest market share among
foreign-invested life insurance companies in Korea. Under the mission of
setting the standard in helping customers manage their financial future, ING
Life is focused on delivering value products and services through various
distribution channels, especially via its professional financial consultants
that are best in Korea in terms of quality and productivity.
About TIBCO
TIBCO digitized Wall Street in the '80s with its event-driven "Information
Bus" software, which helped make real-time business a strategic differentiator
in the '90s. Today, TIBCO's infrastructure software gives customers the
ability to constantly innovate by connecting applications and data in a
service-oriented architecture, streamlining activities through business
process management, and giving people the information and intelligence tools
they need to make faster and smarter decisions, what we call The Power of
Now(R). TIBCO serves more than 3,000 customers around the world with offices
in more than 20 countries and an ecosystem of over 200 partners. Learn more
at http://www.tibco.com.
TIBCO, The Power of Now, TIBCO ActiveMatrix, TIBCO ActiveMatrix
BusinessWorks, TIBCO iProcess Suite and TIBCO Software are trademarks or
registered trademarks of TIBCO Software Inc. in the United States and/or other
countries. All other product and company names and marks mentioned in this
document are the property of their respective owners and are mentioned for
identification purposes only.
SOURCE TIBCO Software Inc.

Cecilia Lau of TIBCO Software Inc., +1-852-2821-3078, clau@tibco.com; or
Sookhee Han of The Hoffman Agency Korea, (82) 2-737-2945, shan@hoffman.co.kr,
for TIBCO Software Inc.