This must be the week for complex event processing (CEP) operations to change ownership. Following on from the news of Tibco Software snapping up StreamBase Systems comes word that Software AG is acquiring the Apama division of Progress Software.
The acquisition is an opportunistic one for Software AG, though it does fit nicely into its 'big data in motion' strategy. For Progress, Apama - which it acquired in 2005 - did not play well - in terms of sales approach, deployment model and target market - with its new cloud and mobile application focus, centred around its Progress Pacific Platform (as a Service).
"It made sense to us to pick [Apama] up ... great technology, smart people and good business that we plan to grow in capital markets, in broader FSI, and beyond," comments Robin Gilthorpe, CEO of Software AG's Terracotta unit (and Software AG group executive board member).
Coming with the Apama business and technology (and associated people) will by Dr. John Bates, Apama founder and current CTO of Progress. "Fantastic" is how Gilthorpe views that aspect of the deal.
Software AG will add Apama - and it's ability to perform analytics on streaming data - to its widely deployed Terracotta in-memory technology (acquired in 2011), and to a new low-latency messaging offering based on its 2012 acquisition of my-Channels, so it can provide a more complete real-time big data processing platform.