Software AG buys complex-event processing technology from Progress - lightreand1997

Software Silver is building down its portfolio of CEP (complex-event processing) package with the acquisition of Apama from Progress Software, in the intermediate CEP-related flock this week. Terms of the deal, which was announced Thursday, were not disclosed.

Apama and other CEP products ingest and break down streams of data, superficial for patterns and correlations, and are used wide in areas such every bit fiscal trading and fraud detective work.

Software AG already had a CEP product titled WebMethods Business Events.Only it plans to continue selling Apama nether the Saame name due to its "high brand realization," according to a statement.

"We are qualification this acquisition because, equally companies concenter happening becoming truly digital enterprises and addressing the four megatrends of cloud, seaborne, social and big information, we see an increasing demand for CEP based solutions," Software AG chief marketing officer Ivo Totev said in a blog post. "CEP is an important capability portion customers discover important events and information that are pettifogging to fast and dead on target business organisatio decisions."

Progress CTO John Bates will be joining Software Silver as part of the deal.

Software AG's move is the in style indication that CEP technology, while still a niche market, is opening to heating plant improving as vendors look to offer customers a wider range of analytics capabilities. Along Tuesday, Tibco announced it would buy Apama competitor StreamBase.

Other vendors, such as SAP and Oracle, also take in CEP technologies.

Meanwhile, Apama will give Software a mature CEP platform on with its installed base and market dea, Forrester Research psychoanalyst Stefan Ried said in a research mark.

WebMethods Business Events is based on technology Software Atomic number 47 gained through the 2010 learning of RTM Realtime Monitoring.

Apama and WebMethods Business Events "complement each other," Ried wrote. "While the former RTM is rattling lightweight and stern be embedded in many Package AG products to provide basic event communication capabilities, the Apama product is for those customers who like a dedicated business event management platform."

The acquisition is "good news program for Apama customers" because it means the cartesian product has a future, Ried added. "And, the product is finally owned now by a middleware firm that competes on a broader cornerston with IBM, Tibco and others WHO did acquire OR built CEP products. That makes the sales proposal very much stronger."

Updated at 2:13 p.m. PT with analyst scuttlebutt.

Source: https://www.pcworld.com/article/452402/software-ag-buys-complexevent-processing-technology-from-progress.html

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