PRESS RELEASE
StreamBase Receives Editor’s Choice Award From CMP’s Intelligent Enterprise
BOSTON – January 8, 2008 – StreamBase Systems, Inc., a leading provider of high-performance complex event processing (CEP) software, today announced that CMP’s Intelligent Enterprise has awarded the Company with a 2008 Editors' Choice Award. .
In conjunction with the award, CMP’s Intelligent Enterprise unveiled its most influential vendors that will drive the intelligent enterprise in 2008 and highlighted 36 'Companies to Watch' in five categories. The online publication specifically named StreamBase as a company to watch in the Information Management category, noting, “In-Q-Tel, the CIA's technology investment firm, doesn't throw its money around just anywhere. The agency's 2007 investment in StreamBase is a validation of both CEP and this firm's ability to rapidly develop genuinely ‘real-time’ apps in which needles are spotted in haystacks of streaming data.”
While CEP is quickly being adopted across many industries that need to react to data in real time, StreamBase is realizing a growing market presence in both the government intelligence space as well as in the financial services sector, where the company provides services to the majority of the top investment banks and to leading hedge funds. These firms take advantage of the StreamBase CEP platform to build high-value applications such as market data processing, algorithmic trading, trade execution, real-time risk management, real-time P&L, and transaction cost analysis.
“Receiving recognition from a trusted industry source such as CMP’s Intelligent Enterprise demonstrates the impact that our complex event processing software has had on the industry,” said Chris Risley, chief executive officer, StreamBase. “The award also gives testament to the vision and innovation we have shown in becoming the leader in delivering CEP solutions to financial service firms.”
To select the winners of the Editor’s Choice Awards, CMP’s Intelligent Enterprise editors and a panel of 12 industry analysts looked beyond sheer size and technology breadth to consider vendors that lead the market in terms of technology innovation and market influence as well as exceptional vision and leadership in helping customers attain strategic objectives. For the complete press release, visit: http://cmp.mediaroom.com/index.php?s=43&item=1861
About StreamBase
StreamBase Systems, Inc, a leader in high-performance Complex Event Processing (CEP), provides software for rapidly building systems that analyze and act on real-time streaming data for instantaneous decision-making. StreamBase’s Event Processing Platform™ combines a rapid application development environment, a low-latency high-throughput event server, and the broadest connectivity to real-time and historical data. Leading investment banks, government agencies, e-Businesses, and telecommunication network providers rely on StreamBase to power mission-critical applications that increase revenue, lower costs, and reduce risk. The company is headquartered in Lexington, Massachusetts. For more information, visit www.streambase.com.