Tibco Software has acquired StreamBase. StreamBase is a high performance event processing and real-time analytics software company. StreamBase helps companies rapidly build, test, and deploy real-time applications for streaming big data. The terms of the acquisition are unknown.
“StreamBase has developed a powerful and easy-to-use offering to monitor, understand, and act on event streams in real-time for one of the most performance-intensive industries in the world today,” stated Tibco Software CTO Matt Quinn. “This combination extends our event-processing abilities and provides a terrific opportunity to address a growing number of use cases for data in motion ? in financial services and beyond.”
Based in Palo Alto, California, Tibco is a midsize enterprise company that competes against IBM and Oracle. Tibco started in the late 1990s. Tibco helps keep data flowing in fractions of a second within enterprises. Tibco helps e-commerce companies sell products based on real-time behaviors and works with Wall Street companies on processing high-frequency trades.