Interesting to see TIBCO announcing they are to buy CEP provider Streambase.
Matt Quinn, CTO of TIBCO Software says:
“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.”
Streambase CEO Mark Palmer:
Today we are excited to announce that we are now part of TIBCO Software. Mark Palmer, CEO StreamBase and now VP TIBCO StreamBase introduces the acquisition on our blog. To learn more please read the press release or visit the TIBCO Software Event Processing page.
In an interesting twist, Streambase is used by Thomson Reuters within their Eikon platform, and so will be interesting to see if this acquisition changes that, although as TIBCO used to be owned by Reuters, perhaps not.
According to research from Aite Group, global spend on commercial CEP technology is expected to reach $184mln in 2013. The report focused on six leading CEP vendors that participated in Aite Group’s survey: Informatica, OneMarketData, Progress Software, Streambase, Sybase, and TIBCO.
Meanwhile, over at Progress, they have just announced the acquisition of SaaS based Rollbase. The play is clearly on Big data in the cloud!
In the Capital Markets Space, CEP providers such as Streambase and Progress Apama are used by a number of banks for FX liquidity aggregation, Smart Order Routing, and algorithmic trading, although Progress Apama has greater footprint and client base in that area.
The big question however will be, if CEP parent companies refocus on cloud based Big Data analytic’s, will they de-emphasise their Capital Markets offerings?