23 July 2016
Find out more

Datawatch agrees Panopticon acquisition

18 June 2013  |  2824 views  |  0 Dealing Room

Datawatch has agreed to buy Swedish real-time visual data discovery specialist Panopticon Software for around $31.4 million in stock.

Panopticon claims 12 of the world's 15 largest financial institutions among the clients for its data visualisation software, which helps monitor performance, analyse risk, detect fraud, and identify anomalies in vast amounts of real-time data.

US firm Datawatch says that the integration of Panopticon's software makes it the first company to deliver real-time analytics and discovery by accessing the industry's broadest variety of data types simultaneously.

The Panopticon software aims to bring all relevant data in a visually-rich, real-time analytical environment to enable customers like Citi and HSBC to isolate and resolve problems as they occur, perceive hidden patterns, track emerging market trends, and identify opportunities for competitive advantage and improved business processes.

Michael Morrison, CEO, Datawatch, says: "This acquisition will immediately benefit our combined customers, partners and prospects by allowing them to accelerate the development and deployment of solutions that use the wide variety of data formats and sources present in every organisation."

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

Tibco goes after real-time Big Data with StreamBase acquisition

Tibco goes after real-time Big Data with StreamBase acquisition

11 June 2013  |  5819 views  |  0 comments | 3 tweets | 5 linkedin
Wall Street propeller-heads make way for new generation of data scientists

Wall Street propeller-heads make way for new generation of data scientists

10 May 2013  |  6547 views  |  0 comments | 7 tweets | 5 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.abe-eba.euVisit capgemini.comVisit VocaLink.com

Top topics

Most viewed Most shared
MasterCard agrees £700m VocaLink acquisitionMasterCard agrees £700m VocaLink acqu...
7664 views 13 comments | 32 tweets | 36 linkedin
hands typing furiouslyWhat Every FinTech CEO Should Know About R...
7630 views 0 | 14 tweets | 8 linkedin
Santander doubles down on fintech fundSantander doubles down on fintech fund
7464 views comments | 22 tweets | 28 linkedin
Brexit-scarred London fintech startups enquire about moving to BerlinBrexit-scarred London fintech startups enq...
7317 views comments | 16 tweets | 16 linkedin
hands typing furiouslyBanking on IoT: Security in the Internet o...
7303 views 3 | 19 tweets | 6 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job