Software AG buys complex-event processing technology from Progress

The announcement comes two days after Tibco announced it would buy CEP vendor Streambase

Software AG is building out its portfolio of CEP (complex-event processing) software with the acquisition of Apama from Progress Software, in the second CEP-related deal this week. Terms of the deal, which was announced Thursday, were not disclosed.

Apama and other CEP products ingest and analyze streams of data, looking for patterns and correlations, and are used widely in areas such as financial trading and fraud detection.

Software AG already had a CEP product called WebMethods Business Events. But it plans to continue marketing Apama under the same name due to its "high brand recognition," according to a statement.

"We are making this acquisition because, as companies focus on becoming truly digital enterprises and addressing the four megatrends of cloud, mobile, social and big data, we see an increasing demand for CEP based solutions," Software AG chief marketing officer Ivo Totev said in a blog post. "CEP is an important capability helping customers detect important events and information that are critical to fast and accurate business decisions."

Progress CTO John Bates will be joining Software AG as part of the deal.

Software AG's move is the latest indication that CEP technology, while still a niche market, is starting to heat up as vendors look to offer customers a wider range of analytics capabilities. On Tuesday, Tibco announced it would buy Apama competitor StreamBase.

Other vendors, such as SAP and Oracle, also have CEP technologies.

Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris' email address is Chris_Kanaracus@idg.com

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Data managementbusiness intelligencesoftwareapplicationstibcosoftware AGdata warehousingProgress Softwaredata miningStreamBaseApama

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Chris Kanaracus

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?