Tibco Software has acquired complex event processing vendor StreamBase Systems for an undisclosed sum.
Tibco sees the acqusition of StreamBase as an opportunity to extend its high performance event processing and real-time analytics software to meet the Big Data demands of capital markets institutions.
With StreamBase, Tibco brings streaming capabilities to its event processing portfolio and strengths in handling rules-driven scenarios, inferencing models, and transactional events. The combined offering will enable Big Data to be processed in real-time, says Tibco, thereby providing an event-based alternative to batch-centric big data architectures.
Matt Quinn, CTO of Tibco Software, comments: "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."