Latest TIBCO Acquisition Strengthens Capabilities in Event Processing and Real-Time Analytics
TIBCO Software Inc. (NASDAQ: TIBX) today announced it has acquired StreamBase Systems, Inc., a privately held provider of high performance event processing and real-time analytics software. StreamBase enables companies to rapidly build, test and deploy real-time applications for streaming big data. Financial details of the transaction were not disclosed.
TIBCO believes that event processing is fundamental to solving big data challenges. With StreamBase, TIBCO brings streaming capabilities to its event processing portfolio and market-leading strengths in handling rules-driven scenarios, inferencing models, and transactional events. Together, TIBCO and StreamBase enable big data to be processed in real-time to provide an event-based alternative to batch-centric big data architectures.
StreamBase is battle-tested for low latency algorithmic trading, real-time risk management and a range of use cases that are especially prevalent in capital markets. The match between TIBCO and StreamBase is highly synergistic given TIBCO’s success integrating high speed messaging throughout Wall Street and other high performance institutions. StreamBase's event-processing and real-time analytics offerings will 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.
“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 of 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.”