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.”
To learn more about TIBCO’s acquisition, click here.
About StreamBase Systems, Inc.
StreamBase provides solutions for real-time analytics. StreamBase’s products include StreamBase LiveView® and StreamBase® CEP, in addition to connectivity to over 150 data sources and an ultra-low latency FIX engine.
StreamBase CEP enables the rapid development and deployment of real-time analytical applications, with pre-built integration for streaming and historical data, visualization engines and statistical tools. StreamBase LiveView is a push-based real-time analytics solution that enables business users to analyze, anticipate and alert on important business events in real-time, and act on opportunities or threats as they occur.
StreamBase is headquartered in Waltham, Massachusetts, with offices in New York and London. In 2010, the World Economic Forum awarded StreamBase the title of Technology Pioneer. For more information, please visit www.streambase.com.
TIBCO Software Inc. (NASDAQ: TIBX) is a provider of infrastructure software for companies to use on-premise or as part of cloud computing environments. Whether it's optimizing claims, processing trades, cross-selling products based on real-time customer behavior, or averting a crisis before it happens, TIBCO provides companies the two-second advantage® - the ability to capture the right information at the right time and act on it preemptively for a competitive advantage. More than 4,000 customers worldwide rely on TIBCO to manage information, decisions, processes and applications in real time. Learn more at www.tibco.com.
TIBCO, two-second advantage, TIBCO BusinessEvents and TIBCO Software are trademarks or registered trademarks of TIBCO Software Inc. or its subsidiaries in the United States and/or other countries.
StreamBase and StreamBase LiveView are trademarks or registered trademarks of StreamBase Systems, Inc. or its subsidiaries in the United States and/or other countries.
All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.
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