Tibco Buys CEP Vendor StreamBase

Palo Alto, Calif.-based messaging and integration technology provider Tibco has acquired complex event processing software vendor StreamBase Systems for an undisclosed sum, to bolster its event processing and real-time analytics capabilities, while providing StreamBase clients with access to a broader range of infrastructure tools to support their existing CEP deployments.

Though the vendors did not disclose the terms of the acquisition, officials at StreamBase -- which only launched its first product in 2005, and will now be renamed Tibco StreamBase -- say the vendor's entire staff will join Tibco.

"As we've grown up from Wall Street and now into Main Street, mainstream clients don't have all the infrastructure ... and the knowledge to deal with events that Wall Street does. So these new customers are coming to us and wanting more: more of the stack, more messaging technology, they want database technology that understands events, they want the ability to process data that comes through log files, and then is pushed into an event processing system for more real-time decision-making," says StreamBase chief executive Mark Palmer, who becomes vice president of Tibco StreamBase under the new structure.

"We know how to help our customers make real-time decisions, but all the other infrastructure, all those tools and technologies that you need to get events and absorb more and more of the data that's flying though the enterprise is what we didn't have. So what I think this merger represents is the creation of... a one-stop shop for everything you need to deal with events, and become an event-driven, real-time enterprise," Palmer adds.