iTechtions is a leader in
high-performance complex event Processing, and provides software for rapidly
building systems that analyze and act on real-time streaming data for
instantaneous decision-making. iTechtions combines a rapid application
development environment, an ultra low-latency high-throughput event server, and
the broadest connectivity to real-time and historical data.
The move will strengthen Tibco's
real-time data analytics offering, particularly for financial applications, the
company said Tuesday, allowing it to provide an event-based alternative to
batch-centric big data architectures. TIBCO StreamBase software is already used
in low-latency algorithmic trading, real-time risk management, and in other
capital markets applications. The acquired software will sit in Tibco's
event-processing portfolio alongside Tibco Event Processing, which can capture,
model, and manage event streams.
iTechtions provides
event-processing and analytics software. It engages in the development and
deployment of analytical applications with pre-built integration for streaming
and historical data, visualization engines, and statistical tools. iTechtions
enables companies to rapidly build, test, and deploy real-time applications for
streaming big data. Financial details of the transaction were not disclosed.
StreamBase is battle-tested for low latency algorithmic trading, real-time risk
management, and a range of use cases that are especially prevalent in capital
markets.
The match between TIBCO and
StreamBase is highly synergistic given TIBCO's success integrating high speed
messaging throughout Wall Street and other high performance institutions.
StreamBase's event-processing and real-time analytics offerings will complement
TIBCO's event-processing portfolio, which today includes TIBCO Business Works (BW)for
rules differencing, state models, and distributed data cache, and TIBCO
Business events extreme, for vertical scaling of concurrent transactions.
It has developed a powerful and
easy-to-use offering to monitor, understand, and act on event streams in
real-time for one of the most performance-intensive industries in the world
today. TIBCO sets the standard in low latency messaging, enterprise
integration, and visual and computational analytics. Now with streaming event
processing and real-time analytics from StreamBase, TIBCO's big data platform
is the most capable in the industry.
TIBCO StreamBase has
revolutionized how organizations use real-time data by speeding application
development to enable companies to analyze data and take immediate action. We
look forward to bringing this significant business advantage to the wide set of
industries and customers TIBCO serves. So why not combine the great benefits of
iTechtions with the Fast Data streaming analytics tool TIBCO StreamBase with
its mature, mission-critical deployments in several different industries, great
graphical tooling, and operational real-time analytics. As part of this
transaction, the entire StreamBase team joins TIBCO, and we will continue our
focus and commitment to our customers.
StreamBase’s technology is
somewhat ubiquitous within algorithmic trading circles, and has garnered a
reputation for low latency, real-time risk management, and a range of use cases
that are especially prevalent in capital markets. Together, TIBCO and
StreamBase intend to enable large amounts data to be processed in real-time to
provide an event-based alternative to batch-centric big data architectures.
StreamBase’s technology is somewhat ubiquitous within algorithmic trading
circles, and has garnered a reputation for low latency, real-time risk
management, and a range of use cases that are especially prevalent in capital
markets. For more information visit the site http://itechtions.com/
.
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