Tibco Software has unveiled a peer-to-peer in-memory data grid, which it claims to provide fast shared memory for distributed applications to quickly exchange and process real-time data and events.

Tibco said that the new ActiveSpaces Suite is planned to provide users with a new alternative that offers low-latency information access, corrects for data inconsistencies, and maintains integrity through transactional semantics.

The new offering, being designed to enable the notion of eventing, notifies applications and systems of any changes instantly rather than continually having to claw change information from databases, Tibco said.

According to Tibco, the ActiveSpaces Suite provides the ability to store and analyse data in memory and enables high-throughput, low-latency data processing. Its core element transactions, built on the Kabira Transaction Platform, is being designed to provide a distributed, in-memory transaction management mechanism.

The company said ActiveSpaces Patterns, which is part of new suite, will accelerate transforming, rationalising and making business sense of very large and potentially inconsistent data sets. It is being designed to provide mechanisms by which real-time data and event patterns can be evaluated appropriately matched even when the data is inconsistent and names or descriptions do not perfectly correlate.

Ram Menon, executive VP of worldwide marketing at Tibco, said: "The new breed of applications our customers are building requires a new approach to the data problem. The query-based model — where you need to keep asking the question against a database – is simply too slow when you are dealing with billions of events per day and need to react almost instantly."