Press Releases

StreamBase Systems Introduces New Platform for Processing Real-Time Streaming Data at Elite DEMO@15! Conference

Financial Services Companies the First to Realize Benefits of Blazingly Fast Performance

SCOTTSDALE, AZ – February 14, 2005 — StreamBase Systems, Inc., the source for software to process, analyze, and act on real-time data within milliseconds of its arrival, today announced the StreamBase® Stream Processing Engine at the DEMO@15! Conference. The company also announced today that Archipelago (PCX: AX), the first totally open all-electronic stock exchange in the United States, has become a StreamBase customer. [See related press release issued today, "The Archipelago Exchange (ArcaEx®) Adopts StreamBase Systems' New Stream Processing Engine to Analyze and Act on Real-Time Data."]

The emerging real-time information environment — especially for application areas such as program/automated trading, real-time compliance, e-security, telecomm networking, fraud detection, Homeland security, and the military — is being fueled by an unprecedented increase in the amount of live data that needs to be understood and reacted to instantaneously. Traditional store-and-query database solutions don't work when information's value may exist for only a moment, and custom-built applications are costly to build and maintain. StreamBase Systems has responded to this challenge with the StreamBase Stream Processing Engine, the first of a new class of system software that provides the ability to process, analyze, and act on streaming real-time information.

"StreamBase is launching the type of forward-looking, market-changing technology that has made DEMO the launch pad for important new technologies," said Chris Shipley, the executive producer of the DEMO conferences. "StreamBase has applied familiar models to a new problem in a novel and exciting way that will address the significant challenge of real-time data processing."

StreamBase was created to address the realities of processing streaming real-time data, which has the following unique attributes: It is high volume and moves at high velocity; it is highly variable and diverse; it is highly volatile with changes measured in fractions of seconds; and it is highly valuable, but the value has a very short shelf life.

"We are delighted to have StreamBase as a member of Reuters' Application Providers program," said Rick Millem, global director of alliances for Reuters. "StreamBase is helping customers derive even more value from RMDS, Reuters' low latency market data system, and our high performance real-time data feeds. StreamBase's new tools and server for low latency processing help Reuters' customers gain the greatest value from our information."

"StreamBase was designed to process real-time information at blindingly fast speeds while still allowing developers to build, deploy, and modify their real-time applications in as little as a few hours," said Barry Morris, the chief executive officer at StreamBase. "Given the very real correlation between time and money in the financial services industry, we have received strong initial interest from companies like Archipelago that want to use this technology to fuel top-line growth. We are also pleased to be seeing strong interest and demand from a number of other industries today."

Product Details

The StreamBase Stream Processing Engine meets the needs of the real-time information environment by combining four critical elements:

1. Right Now Processing
   The first true real-time processing architecture allowing instantaneous response, this new infrastructure platform features a high performance, highly configurable enterprise-class server able to solve the most demanding real-time processing and analytical problems:
    
1. StreamBase achieves processing speeds in excess of 140,000 messages/second by processing data on-the-fly without the store-and-query overhead imposed by traditional systems
2. StreamBase applications run in a single operating system process which provides high throughput and minimal latency, and eliminates the need for process switching between multiple systems such as application servers, messaging systems, and storage
3. StreamBase's flexible integrated storage lets applications maintain state using in-memory hash tables, local disk, or remote databases via ODBC if needed
2. StreamSQL
   An extension to standard SQL, StreamSQL addresses the reality of real-time data through three new capabilities:
    
1. User-defined windows — because live data has no beginning or end, StreamSQL provides the ability to create and query windows of data based on time, the number of messages or any other break-point
2. Stream Disorder — because streaming data is live, information can occur out of sequence; StreamSQL provides the ability to handle disordered data
3. Stream-Specific Operators — StreamSQL is also able to address stream-specific operations and to be modified to meet future user requirements
3. StreamBase Studio™
   The StreamBase integrated development environment (IDE) is a graphical environment that allows production-quality enterprise-class applications to be designed, tested and deployed in only hours or days. Key features include:
    
1. A broad palette of drag-and-drop StreamSQL operators
2. An accessible workflow model for joining operators
3. A complete set of feed simulators, debugging tools and performance monitoring tools
4. Enterprise-Class Functionality
   StreamBase provides the availability, reliability, scalability and integration demanded by enterprise applications:
    
1. High availability and reliability are provided by a Tandem-style process pair architecture, which ensures that critical processes are always protected
2. Scalability is provided by StreamBase's architecture for distributed operation, which allows application components to be assigned to a machine with just a few simple mouse-clicks
3. Integration to other systems is available through interfaces to TIBCO® Rendezvous™ and common data feeds, published Java and C++ APIs, and ODBC.

Future Applications

The types of applications that can be built using StreamBase are as diverse as data itself. At their core, though, is the requirement to process information the instant it arrives that defines a StreamBase application.

While the financial services market has shown strong initial interest, there are a broad range of other future uses for the StreamBase technology. For example, as RFID and sensor networks become more widely deployed, the volume of data — and the need to process that data in real-time — will increase rapidly and dramatically. The applications that will use this new sea of sensor-driven data remain unknown, but the scalability and flexibility of the StreamBase application platform will be able to support emerging application requirements.

Price and Availability

The StreamBase Stream Processing Engine is available now directly from StreamBase. StreamBase is provided using an annual subscription model — typically for a three-year period. The product is licensed on a per-processor basis with typical deployments starting at $60,000-per-year.

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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