Systems Synergy: TIBCO Software Acquires CEP And Real-Time Analytics Firm StreamBase Systems

Software house StreamBase Systems yesterday announced that it has been purchased by infrastructure provider TIBCO Software, enabling TIBCO to include streaming capabilities in its event processing portfolio and market-leading strengths in handling rules-driven scenarios, inferencing models, and transactional events.

Both entities involved in this transaction have kept the financial detail of the TIBCO’s acquisition of StreamBase Systems a private matter.

TIBCO believes that event processing is fundamental to solving big data challenges, hence the intellectual property of StreamBase being of interest to the firm. Together, TIBCO and StreamBase intend to enable large amounts data to be processed in real-time to provide an event-based alternative to batch-centric big data architectures.

Focus on Algorithmic Trading

StreamBase’s technology is somewhat ubiquitous within algorithmic trading circles, and has garnered a reputation for low latency, real-time Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, and a range of use cases that are especially prevalent in capital markets.

The match between TIBCO and StreamBase could be considered synergistic, the idea being that StreamBase’s event-processing and real-time Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term offerings are expected to complement TIBCO’s event-processing portfolio, which today includes TIBCO BusinessEvents for rules inferencing, state models, and distributed data cache, and TIBCO BusinessEvents Extreme, for vertical scaling of concurrent transactions.

On behalf of TIBCO Software, the company’s CTO Matt Quinn provided the firm’s perspective on the acquisition: “StreamBase has developed a powerful and easy-to-use offering to monitor, understand, and act on event streams in real-time for one of the most performance-intensive industries in the world today,” said.

“This combination extends our event-processing abilities and provides a terrific opportunity to address a growing number of use cases for data in motion – in financial services and beyond” concluded Mr Quinn.

“TIBCO sets the standard in low latency messaging, enterprise integration, and visual and computational analytics. Now with streaming event processing and real-time analytics from StreamBase, TIBCO’s big data platform is the most capable in the industry,” said Mark Palmer, CEO of StreamBase Systems in a corporate statement.”

Mr Palmer is optimistic on the reduction of development costs as a result of his firm’s acquisition by TIBCO: “StreamBase has revolutionized how organizations use real-time data by speeding application development to enable companies to analyze data and take immediate action. We look forward to bringing this significant business advantage to the wide set of industries and customers TIBCO serves”.