Press Releases
StreamBase Strengthens Global Profile & Market Position
Company Announces London Office & Availability of Report from Leading Industry Analyst Firm
BOSTON, MA – September 7, 2005 — StreamBase Systems, Inc., the pioneer of enterprise-class stream processing software designed to transform real-time complex events into instantaneous competitive advantage, today announced international expansion through the opening of an office in London as well as the availability of a Gartner, Inc. report on StreamBase on the company's Web site.
Both developments demonstrate the continued interest and momentum StreamBase is experiencing.
London Office
StreamBase's new London office will serve as the company's European headquarters and will support global customers and drive growth in key markets across Europe, the Middle East and Africa. Mark Simons, who joins StreamBase from IONA, will be the company's vice president of EMEA. Simons will manage the company's international operations, sales and marketing activities. StreamBase has also appointed Simon Keen as technology director for EMEA. Keen will establish best practices, grow strong implementation, customer support and software development teams, and provide strategic direction around product development.
"As the financial services capital of Europe, a key industry for our software, London is an important beachhead for StreamBase as we aggressively expand our global presence to serve rapidly growing markets for high-performance, low-latency applications," said Barry Morris, CEO of StreamBase. "Mark brings us a wealth of success in running global operations, a deep understanding of how to grow new markets, recruit high performance teams and drive revenue. Simon offers both technology expertise and business acumen, which will be an enormous asset as we expand global operations."
Gartner Report
Co-authored by Gartner principal analysts Mary Knox and vice president and research fellow Roy Schulte, the report evaluates how StreamBase can address the needs of industries that depend on the ability to respond to high volumes of streaming data.
According to Knox in the report, "firms with event-detection and response applications requiring extremes of high availability, low latency, scalability and complex processing across multiple data streams in real time should evaluate real-time stream processing engines." Financial service, telecommunications and military intelligence are examples of the industries that could benefit from stream process technology.
The report describes attributes of a stream-based data processing infrastructure, including StreamSQL, an extension of the industry-standard SQL, which applies SQL-like operators to events, providing analytical support for time-based windows computations and complex algorithms. The report also cites high throughput and low latency for detecting event patterns, a graphical development environment, and support for commodity hardware platforms as strengths for such an infrastructure.
About StreamBase
StreamBase Systems was founded in 2003 to address the processing demands of low latency, real-time computing. The first in a new breed of systems software, the StreamBase stream processing engine helps organizations in financial services, telecom and networking, government and military and other industries transform streaming data into competitive advantage through applications that deliver instantaneous response. Current customers include leading exchanges, hedge funds and investment firms, where applications require rapid execution of queries, analytics and actions using real-time streaming data. StreamBase is headquartered in Lexington, Massachusetts.
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