Datawatch Agrees Panopticon Purchase
The US firm, headquartered near Boston, Mass., will buy Panopticon for around $31 million in stock. The combination of the firms' two products will allows Datawatch to offer real-time big-data aggregation and information discovery through visual environments.
"I believe that the combination of Datawatch and Panopticon represents a transformative event for both companies and the big data analytics market as a whole," says Michael Morrison, president and CEO at Datawatch. "By combining the Datawatch Information Optimization Platform's ability to access virtually any data source, regardless of its structure, with Panopticon's ability to deliver real-time data through a visual discovery paradigm, customers and partners will be able to deliver applications that utilize the greatest variety of data, delivered at the speed of business, in an impactful visual environment."
Inside Market Data originally reported on this story here.
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