Software AG has inked a deal with Progress Software to acquire its complex-event-processing platform (CEP) Apama, which would support the company’s plan to enable the digital enterprise.
As part of the deal, Software AG will take over the Apama technology teams based mainly in Cambridge (UK), Bedford (US) and Hyderabad (India), in addition to the global Apama sales and technical teams that serve customer base in financial services, communications and other markets.
Software AG Group Executive Board Member Robin Gilthorpe said: "This acquisition is a major step in delivering on our strategy of empowering enterprises to derive meaningful business insights and value from big data."
The incorporation of the Apama CEP platform with Software AG’s low-latency messaging and in-memory technology would offer customers with maximum value from real-time business data in any business areas with critical sub-second response times to events, the company claims.
In addition, the platform would enable users to design, test, monitor and manage the industrial internet with increased accuracy and intelligence level.
Progress Software chief technology officer and Apama co-founder Dr. John Bates said: "Both Progress and Software AG are committed to making this transition as seamless as possible for customers and to continue providing them with the highest levels of support to which they’ve become accustomed."
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