Tibco Acquires StreamBase Systems
Tibco is primarily known in capital markets for low-latency messaging. The acquisition of StreamBase and its CEP technology, the terms of which were not disclosed, gives it access to algorithmic trading support and big data technologies pertinent to real-time processing.
"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," says Mark Palmer, CEO of StreamBase Systems. "StreamBase has revolutionized how organizations use real-time data by speeding application development to enable companies to analyxe data and take immediate action. We look forward to bringing this significant business advantage to the wide set of industries and customers Tibco serves."
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