Sybase Buys Aleri to Broaden CEP Play, Target New Markets

The deal, which was agreed between the two vendors on Jan. 22, sees Sybase take over Aleri's CEP technology-including its core CEP engine and data adapters, and templates for related applications for risk and liquidity management-and Coral8, which Aleri acquired less than a year ago (IMD, March 6, 2009), and take on many of the Aleri staff, including key members of Aleri's management team.

Jeff Wootton, previously vice president of product strategy at Aleri, becomes senior director of product man