TIBCO Expands iMANY License for Worldwide Contract Management

MIAMI, FL--(Marketwire - May 27, 2010) -

iMANY, the leader in contract performance, announced today that TIBCO® Software Inc. has expanded usage on its iMANY® Contract Manager license.

TIBCO serves more than 4,000 customers around the world with offices in more than 20 countries and an ecosystem of over 200 partners. Committed to enforcing contract management best practices, TIBCO uses the iMANY® Contract Manager solution to administer thousands of agreements globally.

“We are committed to providing our customers with a seamless contract process with best in class results,” said William R. Hughes, EVP and General Counsel at TIBCO. “With iMANY software, TIBCO has been able to better manage its contract process on a global scale.”

After a careful evaluation, TIBCO selected iMANY Contract Manager to originally manage its global contracts. Over the years, the company has expanded its deployment worldwide to support other countries. iMANY’s Contract Manager allows TIBCO to automate the entire contract lifecycle from request to creation, execution and storage, providing visibility into draft and active agreements.

“One of the greatest challenges facing contracting organizations today is scaling and standardizing on contract management best practices across multiple geographies and business units in the face of economic pressures and increased outsourcing requirements,” said P. Kevin Kilroy, President and Chief Executive Officer of iMANY. “We are very pleased TIBCO has expanded their commitment to iMANY to meet this critical challenge. We look forward to TIBCO joining iMANY at our user conference to share their critical keys to success in global contract management deployment.”

At the iMANY Summit 2010 User Conference May 24-27 at the Fountainebleau in Miami Beach, TIBCO will share their expertise with iMANY customers on best practices in global contract management and performance.

iMANY’s comprehensive solutions enable organizations to manage the entire contract lifecycle, from pre-contract processes and contract management to active compliance, contract optimization, demand channel visibility and control; resulting in greater levels of insight into contract performance, improved profitability, and measurable return on investments. iMANY ContractSphere 7.0 was unveiled at its user conference this week.

About iMANY
iMANY is the leader in Contract Performance -- helping organizations improve the way they manage complex commercial and government contracting and compliance strategies by aligning actionable information with revenue-based transactions. iMANY ContractSphere, the industry’s only integrated platform for contract performance, optimizes the entire contract lifecycle, limits gross to net margin erosion and ensures compliance in today’s heightened regulatory environment. Hundreds of organizations across 21 industries worldwide, including the top 10 Life Sciences companies, depend on iMANY to reveal insights that drive more profitable business relationships. For more information, please visit www.imany.com.