Update: IT Giants Tibco, Software AG Snap up CEP Vendors StreamBase, Apama

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Complex event processing technology vendors StreamBase Systems and Apama were acquired last week by Tibco and Software AG, respectively, in moves designed to help their buyers target the front offices of financial institutions, while allowing the CEP vendors to leverage and contribute to the infrastructures and organizations of their new larger parents.

Until now, StreamBase was the last of the major CEP vendors to remain independently-owned, while Apama had been acquired in 2005 by Progress

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