Progress Software sells Apama to Software AG

Software AG has announced that is to buy CEP provider Progress Apama from the US parent company Progress Software (PRGS)

This news comes less than 48 hour after TIBCO announced that it has bought CEP provider Streambase.

Software AG buys Leading Complex-Event-Processing Platform Apama from Progress Software

  • The acquisition of Apama is an important step in implementing Software AG’s strategy of enabling the digital enterprise
  • Apama will enable enterprises to maximize the value of their big data through proactively responding to business opportunities identified from the continuous analysis and correlation of  business activities across multiple data streams
  • It will also enable customers to fully integrate the industrial internet (Industry 4.0), analyzing the massive amounts of real-time operational data from intelligent machines to make precise, real-time decisions
  • Software AG  will leverage and expand Apama’s leadership in customizable CEP-powered solutions in capital markets (algorithmic trading, risk and market surveillance), telecommunications and supply chain & logistics
  • With this acquisition Software AG  confirms its focus on dynamic growth for its BPE business division

Full announcement here

One Response

  1. […] another Big Data play, following last weeks sale of Streambase to TIBCO and Apama to Software […]

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