StreamBase names Mark Palmer president and COO

Source: StreamBase Systems

StreamBase Systems, Inc., a leading provider of high-performance Complex Event Processing (CEP) software, today announced the appointment of former Apama general manager Mark Palmer as President and Chief Operating Officer.

Chris Risley will continue as Chairman of the Board and CEO.

"I look forward to working with Mark on both the long term strategy of the company and on the day-to-day operations," said Chris Risley, StreamBase's CEO. "I'm delighted with our continuing success in recruiting some of the most highly respected thought leaders in the CEP industry. Colin Clark, the former founding CTO of Kaskad, joined StreamBase as Vice President for Customers in January and now Mark is coming on board as President. These are two outstanding additions to an already great team and together we will be setting the pace in the industry for delivering tremendous value to CEP customers everywhere."

"CEP is disruptive technology due to the way it enables time-based logic to be easily expressed and due to the computing model of executing this logic in mission critical environments," said Palmer. I've admired StreamBase as a technology leader and the vision that StreamBase founder Dr. Michael Stonebraker set for this new computing model. I'm excited to be joining StreamBase as CEP enters a new stage of adoption and expansion."

Prior to joining StreamBase, Mr. Palmer worked for Progress Software where he led that company's acquisition of CEP software vendor Apama and then led the Apama business unit as general manager. He won an InfoWorld Innovator award in 2005 and was named to the InfoWorld Media Group's Innovators Hall of Fame for his work in event processing. Mr. Palmer has published over 30 articles on the application of CEP to real world problems and spoken at numerous industry events. Previous roles include Director of Product Management at IONA Technologies, where he led the development of the Artix enterprise service bus (ESB). In 1998, he co-founded YouthStream Media Networks and served as its CTO and CIO, overseeing the growth of the company from 0 to 400 people. YouthStream was acquired by Alloy, Inc. in 2002. Previously, as a principal consultant with Object Design, Inc. fromcc. from 1992 to 1998, Palmer was involved in the architecture, development and design of some of the world's largest distributed systems, including GE, Cabletron, Fidelity Investments and Lucent Technologies.

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