Software AG is building out its portfolio of CEP (complex-event processing) software with the acquisition of Apama from Progress Software, in the second CEP-related deal this week. Terms of the deal, which was announced Thursday, were not disclosed.
Apama and other CEP products ingest and analyze streams of data, looking for patterns and correlations, and are used widely in areas such as financial trading and fraud detection.
Software AG already had a CEP product called WebMethods Business Events. But it plans to continue marketing Apama under the same name due to its "high brand recognition," according to a statement.
"We are making this acquisition because, as companies focus on becoming truly digital enterprises and addressing the four megatrends of cloud, mobile, social and big data, we see an increasing demand for CEP based solutions," Software AG chief marketing officer Ivo Totev said in a blog post. "CEP is an important capability helping customers detect important events and information that are critical to fast and accurate business decisions."
Progress CTO John Bates will be joining Software AG as part of the deal.
Software AG's move is the latest indication that CEP technology, while still a niche market, is starting to heat up as vendors look to offer customers a wider range of analytics capabilities. On Tuesday, Tibco announced it would buy Apama competitor StreamBase.
Other vendors, such as SAP and Oracle, also have CEP technologies.
Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris' email address is [email protected]