Slough 17 May 2005 â Progress Software Corporation (PSC) (Nasdaq: PRGS), a global supplier of software infrastructure used to develop, deploy, integrate and manage business applications, today announced a new name, the Progress Real Time Division, for the unit formerly called the ObjectStore Division. The Progress Real Time Division provides event stream processing, data management, access and synchronisation products to enable the real-time enterprise. The division includes the recent acquisitions of Persistence Software and Apama, Inc., and the integration of PeerDirect, creating a comprehensive source of real-time enterprise products.
The Progress Real Time Division products enable organisations to simultaneously analyse and respond to multiple streams of data feeds, as well as provide a new class of data management infrastructure designed to meet the needs of the distributed, service-oriented applications that drive the real-time enterprise. Representative products include ProgressÂ® ApamaÂ® Trading Strategy Management Platform for Algorithmic Trading, ProgressÂ® RFID, ProgressÂ® EdgeXtendÂ® for data caching and object-relational mapping, ProgressÂ® PeerDirectÂ® for heterogeneous database synchronisation, and ProgressÂ® ObjectStoreÂ® for object data management.
"The Progress Real Time Divisionâs pioneering Event Stream Processing (ESP) technology is used by companies around the world to manage applications such as algorithmic trading and RFID,â said Peter Sliwkowski, president, Progress Real Time Division. âBy combining ESP with solutions that deliver the best in high-performance object data management, access and synchronisation, the Progress Real Time Division offers an unrivaled line of products for the real-time enterprise."