Software ag snaps up apama to boost big data analytics. The apama business and technology was acquired by progress software in 2005, and subsequently transferred into the ownership of software ag in 2012. Prgs, a leading software provider that enables enterprises to be operationally responsive, announced that financial services group, banco bilbao vizcaya argentaria bbva, is live on the progress apama fx aggregation accelerator for its foreign exchange operations. Apama streaming analytics allows organizations to analyze and act on iot and fastmoving data in realtime, responding to events intelligently the moment they happen.
Analysis of progress software and its various product lines, including apama, datadirect, and openedge. Software ag today announced that it has executed an agreement with progress software to acquire apama, the market leading platform for complex event. Prgs news, a leading software provider that enables enterprises to be operationally responsive, and. Progress software and activ financial introduce new market.
Seb expands use of progress apama progress software. Prgs, a global supplier of application infrastructure software used to develop, deploy, integrate and manage business applications, announced today at tradetech 2008 that seb skandinaviska enskilda banken ab publ, a leading north european financial group, will expand its use of the progress apama algorithmic trading platform for advanced order flow. Apama was founded in 1999 by two cambridge university computer scientists, dr john bates and dr giles fraser. Progress software corporation progress is an american publicly held company headquartered in bedford. Software ag has announced the acquisition of the business and technology of complexeventprocessing cep platform apama.
Progress has acquired apama, whose software will now form part of the objectstore division of progress. Fx software udpates progress apama and portware fx. Standard chartered implements progress apamas fx market. Entrepreneurial spirit makes for a tightknit community with a strong sense of ownership. See also edit complex event processing cep a related technology for building and managing eventdriven information systems. Software ag has agreed to acquire apama, a platform for complex event processing cep and ceppowered solutions, from progress software. Combining a set of fx foreign exchange integration adapters with prebuilt apama trading dashboards and foundation fx. Progress said the apama platform held significant differences from its own application development software, particularly in terms of the target market, deployment, and sales model. Its technology, which identifies and analyses predefined events in streams of data, is used primarily in the capital markets sector. Bedford, ma and new york, nymarketwire 061511 progress software corporation nasdaq. Software ag compra apama, da progress noticias baguete. Progress software selling apama solution the motley fool. Game room, fitness center with trainers and classes, plus outdoor walking make it easy to take a movement break. Careers at progress in bedford, ma progress software.
In june 20, software ag acquired apama activities from progress software. Apama limited provides trading strategy management technologies that allow trading groups to compose, deploy, and manage algorithmic trading strategies. Apama community edition is a freemium version of apama by software ag that can be used to learn about, develop and put streaming analytics applications into production. Software ag snaps up apama to boost big data analytics zdnet. The companys platformasaservice paas software is used for tasks such as business process management, application integration, data management and analysis, and application development and deployment. Stylus studio is a product by the xml business group of progress software. Progress software corporation company profile bedford, ma.
The sale closes a major chapter at the bedford based company following several difficult years. Progress software announces agreement to sell apama solution to software ag. This offering also includes access to service packs, bug fixes and new product versions. The latest version introduces a new kernel that dynamically compiles application code written in apamas scripting language epl to native machine code.
Tcs a leading it services, consulting and business solutions organization, and the progress software corporation nasdaq. Progress software names ceo news bedford minuteman. Apama division of progress software corporation, commented, over. Our data for progress apama usage goes back as far as 3 years and 10 months. Apama streaming analytics software ag government solutions. In a more recent assignment, reidy led the high growth divisions of apama, datadirect, and dataxtend. Bbva chooses progress apama fx aggregation accelerator progress software corporation nasdaq. Progress software corporation company profile bedford. Software ag has its eye firmly on improving its position in realtime bigdata analytics.
Tcs bancs enhances its algorithmic trading capabilities. Progress software announces agreement to sell apama solution to. The xml business group is focused on developing and marketing xml tools and components. Prgs is a global software company that simplifies the development, deployment and management of business applications onpremise or on any cloud, on any platform and on any device with minimal it complexity and low total cost of ownership. Progress provides application development and digital experience technologies that enable organizations to deliver and run consumergrade experiences.
We have found 182 companies that use progress apama. Apama cep allows organizations to correlate and analyze business activities across multiple data streams in realtime and take immediate action in response. Bedford, ma mumbai, india, june 28, 2011 marketwire. The companys platform for algorithmic trading and other eventdriven applications in capital markets, progress apama algorithmic trading platform enables sellside and buyside firms to. With apama eagleeye, organizations can monitor live streaming data, historical information, and communications to detect compliance rule breaches and abusive. Progress apama is most often used by companies with 0 employees and m dollars in revenue. The companies using progress apama are most often found in united states and in the computer software industry. In addition, with immediate access to progress communities, the progress knowledge base, whitepapers and the electronic software download esd system, you get total support coverage. Use angular, typescript or javascript to build truly native mobile apps for ios and android. Progress savvion is a comprehensive, highly scalable, enterpriseclass solution that monitors and improves inflight processes already in execution, and enables enterprises to improve both their top and bottom lines through visibility, agility, and responsiveness. Software ag buys leading complexeventprocessing platform. Prgs today announced it has signed a definitive agreement to sell its. Progress software in irony territory with apama sale. Not long ago, progress executives touted apama as central to its future growth as a business.
Software ag today announced that it has executed an agreement with progress software to acquire apama, the market leading platform for complex event processing cep and ceppowered solutions. Deliver mobile and web experiences faster using open source frameworks and a lowcode backend that accelerates existing enterprise and legacy systems. Progress software corporation progress is an american publicly held company headquartered in bedford, massachusetts. Apama was founded towards the end of 1999 by two alumni of cambridge university, who had. Business process portal exposes the widget deployment api as a web service that registers dashboard widgets.
Prgs, a global supplier of application infrastructure software used to develop, deploy, integrate and manage business applications, announced today at tradetech 2008 that seb skandinaviska enskilda banken ab publ, a leading north european. Progress software announces availability of apama 4. Progress software description description progress software, headquartered in bedford, ma, provides a broad range of serviceoriented architecture soa infrastructure products focusing on developing, deploying. As the bpm trailblazer, progress software moves enterprises beyond ordinary bpm.
Business wire progress software corporation nasdaq. Prgs today announced it has signed a definitive agreement to sell its progress apama complex event processing solution. Progress software announces agreement to sell apama. Business wireapril 23, 2008progress software corporation nasdaq. Data can lose its value in an instant, said robin gilthorpe, ceo of software ags terracotta. Panel progress table of contents index apamaanalyticsbuilderwebhelp. Software ag has announced its intention to acquire apama, the ukborn complex event processing cep company, from its current owner progress software. Progress software saasenables apama algorithmic trading.
Cep complex event processing midrange oltp and generalpurpose database management systems in text technologies progress easyask natural language recognition technology. Actional, apama, artix, corticon, datadirect, datadirect connect, dataxtend, fuse, objectstore, orbix, progress. Prgs today announced the release of a new version of its leading progress apama cep platform. Progress software can help you make significant headway when managing and deploying business applications. Software ag buys progress softwares cep unit apama. The apama dasboard studio is a packaged user interface for the bedford, mass. Apama is an awardwinning cloudbased marketing software, it is designed to support small, medium and large size business. Progress chief technology officer and cofounder of apama, john bates, is expected to join software ag and lead the apama division. Giles nelson in 1999 combined with progress data streams management team progress apama event stream processing platform. This is the full version of apama community edition and may not be redistributed without prior permission of software ag latest version 10.
Cep allows organizations to immediately respond with timely and relevant actions related to operational, transactional and fraudulent activity by correlating and analyzing business events across multiple data streams in realtime. Progress software announces acquisition of apama april 06, 2005 04. Software ag buys cep platform apama from progress software. Company progress software news, employees and funding. Progress offers technology to develop and deploy business applications including adaptive user experience, mobility and serverless cloud, cognitive services, data connectivity and integration and web experience management. Rapidly create and deploy purposebuilt, aidriven chatbots as virtual agents. Progress, based in bedford, makes software to simplify the. Apama provides an inbuilt dashboarding technology developed from within the software ag designer, as well as native connections to software ags mashzone nextgen.