Software AG is set to buy Apama, a platform for Complex Event Processing (CEP) and CEP-powered solutions, from Progress Software.
Software AG did not disclose financial details.
Software AG will benefit as Apama CEP platform together with Software AG’s messaging and in-memory technology will enable customers to gain maximum value from real-time business data.
In addition, Apama CEP will enable customers to fully design, test, monitor and control the industrial internet to a new level of precision and at a new level of intelligence.
The acquisition is a major step in delivering on Software AG’s strategy of empowering enterprises to derive meaningful business insights and value from big data.
Software AG posted about €547 million revenue in the Business Process Excellence segment that focuses on mobile, cloud, social collaboration and big data in fiscal 2012.
Licensing revenue in this business segment increased by 19 percent year-on-year in Q1 2013.
Software AG will take over the Apama technology teams based primarily in Cambridge (UK), Bedford (USA) and Hyderabad (India). Global Apama sales and technical teams will also move to Software AG as part of the deal, Software AG said on Thursday.
Software AG will maintain the Apama product brand.
Software AG says it will expand Apama’s industry and solution focus areas, including capital markets trading, risk and surveillance, as well as more broadly location and context-aware customer experience management and fraud prevention.
Recently, Progress Software sold its Shadow, its middleware software business, to Rocket Software, for an undisclosed sum. For Progress Software, this divestiture will complete another important step in its strategic plan to refocus on providing the on-premise, cloud- and mobile-enabled platforms.