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High-performance Complex Event Processing
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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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