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iSpheres Announces Event Server 5.2 And Expands New York Sales Team

Product Release Brings Improved Performance for Real-Time Intelligence on Streaming Data; Executive Appointments Provide Additional Financial Services Expertise

OAKLAND, CA - November 29, 2005 -- iSpheres Corporation, leader in providing real-time intelligence on streaming data, announced today the availability of iSpheres Event Server 5.2, a scalable engine used for financial trading applications requiring high volume and low latency data capture and analysis -- such as trade exception management, real-time position management, algorithmic trading, and real-time compliance and fraud monitoring.

iSpheres Event Server, winner of the 2005 Intelligent Enterprise Reader's Choice Award for Complex Events Processing System, helps financial firms synthesize and analyze massive amounts of streaming data to detect specific business conditions requiring action in real time. Event Server’s newest release offers firms optimized memory management and faster multi-threading, both of which increase analysis speed and lower latency during data capture. Event Server now captures 400,000 messages per second. In addition, it enables customers to develop new applications in weeks, compared to months with competitive solutions.

"Financial firms have an incessant requirement to capture massive volumes of streaming data, analyze it as it streams in, and take intelligent action on it quickly," said Deepak Gupta, CEO at iSpheres. "The iSpheres Event Server was designed not only for raw speed, but also for its ability to correlate complex real-world conditions across multiple streams of input. The Event Server handles both structured -- e.g, tick -- and unstructured -- e.g., news -- data simultaneously, offering trading desks and risk managers a richer information environment from which to make critical decisions."

iSpheres also announced today the appointment of John Burgos as Senior Sales Engineer and the promotion of Randy Begotka to VP of Sales. John, formerly with SunGard, has deep financial services software expertise in networks, straight-through-processing, and payment systems. Randy was previously Sales Director for iSpheres.

"We are pleased to offer our NY-based financial services customers these experienced iSpheres resources," said Deepak Gupta, CEO. "John’s experience allows us to offer customers and prospects additional knowledge and expertise and Randy has been instrumental in building a seasoned and highly responsive sales organization. Both appointments further validate our commitment to the financial services industry and enable us to provide high quality support to customers in the New York area."