TIBCO buys StreamBase


TIBCO buys StreamBase

http://www.automatedtrader.net/headlines/142857/tibco-buys-streambase

StreamBase acquisition strengthens TIBCO event processing & real-time analytics.

Palo Alto, California – TIBCO Software has acquired StreamBase Systems the privately held provider of event processing and real-time analytics software. Financial details of the transaction were not disclosed.

With the aquisition of StreamBase TIBCO will add streaming capabilities to its event processing portfolio, enabling big data to be processed in real-time to provide an event-based alternative to batch-centric big data architectures.

“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 Matt Quinn, CTO of TIBCO Software. “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.”

“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, StreamBase Systems. “StreamBase has revolutionised how organisations use real-time data by speeding application development to enable companies to analyse data and take immediate action. We look forward to bringing this significant business advantage to the wide set of industries and customers TIBCO serves.”

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