29 June 2017
visit http://events.sap.com/gb/fsi-forum-2017/en/home

SunGard strikes CEP deal with Streambase; CEO refutes M&A speculation

06 April 2010  |  12487 views  |  0 handshake

SunGard is to integrate complex event processing technology from Streambase into its trading applications, fuelling speculation about the potential for a future tie-up between the two firms.

SunGard will initially use Streambase's CEP engine within its Assent Liquidity Services business - which provides sponsored access, dark pool access and algorithmic trading services - and in conjunction with its Brass Order Management System (OMS).

The new development environment will help SunGard achieve faster time-to-market, improve functionality and continue to respond to changing customer and market requirements, says Raj Mahajan, president of SunGard's trading business.

"The speed and flexibility of StreamBase's platform will help us efficiently enhance our systems and further streamline every point of the trade lifecycle for our customers," he says.

It is expected that the platform will initially be deployed by SunGard in the development of new pre-trade risk technology to meet forthcoming SEC rule modifications.

Streambase has so far retained its independence as a stand-alone vendor in the hotly-contested and rapidly consolidating CEP marketplace.

Rival vendor Aleri was recently snapped up by Sybase, partly to regain control of technology licensed from Aleri subsidiary Coral8.

Aite analyst Adam Honore, believes the current deal between SunGard and Streambase could also lead to a deeper union in the future.

"It would be odd if Streambase moved deeper into SunGard's organization without the conversation being had at some point," he says. "SunGard doesn't strike me as the kind of company to build a lot of product dependency on a company outside their control."

Responding in his personal blog, Mark Palmer, Streambase CEO says: "Why doesn't SunGard just buy StreamBase? The simple answer is this: we don't want to. In the past few years, StreamBase has accumulated a who's who list of customers, we've expanded our business, are dominating the category, and, finally, CEP is becoming more and more strategic to our customers.

"With all this good stuff happening - why sell out? This year, my prediction was that the event-based computing market would yield the next great software powerhouse - we plan that company to be StreamBase."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Sybase confirms Aleri acquisition

Sybase confirms Aleri acquisition

04 February 2010  |  13295 views  |  2 comments
CME Group chooses StreamBase CEP platform

CME Group chooses StreamBase CEP platform

23 June 2009  |  5796 views  |  0 comments
Sybase launches complex event processing (CEP) platform

Sybase launches complex event processing (CEP) platform

16 March 2009  |  9591 views  |  0 comments
CEP vendors Aleri and Coral8 agree merger

CEP vendors Aleri and Coral8 agree merger

09 March 2009  |  7033 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit wavestone-advisors.co.ukvisit vasco.com/news/PSD2-compliant-solutions

Top topics

Most viewed Most shared
ECB preps eurozone-wide instant payments serviceECB preps eurozone-wide instant payments s...
9370 views comments | 19 tweets | 38 linkedin
ABN Amro tests wearable tech for contactless paymentsABN Amro tests wearable tech for contactle...
9020 views comments | 10 tweets | 6 linkedin
hands typing furiouslyThe EU and blockchain: taking the lead?
7751 views 0 | 8 tweets | 7 linkedin
Mastercard eyes opportunities to profit from sharing economyMastercard eyes opportunities to profit fr...
7454 views comments | 6 tweets | 6 linkedin
Body blow for PayKey as Apple orders Westpac off its turfBody blow for PayKey as Apple orders Westp...
7073 views comments | 12 tweets | 14 linkedin

Featured job

Six Figure Base + Commission + Stock Options

Find your next job