Press Releases

StreamBase 5.0 Delivers First End-To-End Complex Event Processing Platform

CEP Leader Reveals Industry's Most Complete, High-Performance CEP Platform At SIFMA's Technology Management Conference

Technology Management Conference & Exhibit — NEW YORK — June 19, 2007 — Today, StreamBase Systems revealed StreamBase 5.0, which raises the bar by delivering the first end-to-end Complex Event Processing (CEP) platform — a major new release enabling rapid development and deployment of real-time applications on the industry's most proven platform.

IBM's Vice President of Information Management, Arvind Krishna commented, "We are pleased that StreamBase's 5.0 Complex Event Processing platform offers built-in support for IBM's DB2® data server, WebSphere® Front Office, and xSeries® hardware, and look forward to continuing our technology partnership and enabling CEP capabilities and benefits that will appeal to a broad array of enterprises everywhere. By combining the power of IBM and StreamBase, customers can have the confidence to address even the most complex, real-time business challenges, and do so in a scalable, maintainable, and proven manner."

StreamBase 5.0 further pioneers the next-generation of CEP by introducing major new functionality and addressing dozens of customer feature requests related to developer productivity, out-of-the box application frameworks, end-to-end application development, expanded support for advanced data types, flexible pattern matching, enterprise-class security, and high-capacity tickstore support. This release also continues to build upon the industry-leading performance of previous releases–and remains the fastest CEP server available today, capable of processing hundreds of thousands of messages per second per CPU. In addition, the new StreamBase 5.0 enhancements further speed the development and delivery of CEP applications that address the rapidly growing real-time processing demands of customers and partners worldwide.

"In the four years since StreamBase pioneered this technology, Complex Event Processing has matured enormously and StreamBase 5.0 delivers the leading-edge capabilities that will make CEP the ubiquitous approach for building real-time applications," said Dr. Michael Waclawiczek, Senior Vice President, Products at StreamBase Systems. "We have solicited feedback and input from over two dozen customers, and their requirements are incorporated into StreamBase 5.0."

StreamBase 5.0 includes:

• Eclipse-based Integrated Development Environment (IDE) — With StreamBase 5.0, StreamBase completes the transition of its Studio IDE to Eclipse resulting in the seamless development integration between StreamSQL, Java, and Eclipse plug-ins. By using one simple, intuitive graphical platform based on Eclipse, the de facto standard for Java application development, StreamBase 5.0 developers can easily extend their StreamBase CEP applications via custom operators and integrations with external systems. In addition, StreamBase application developers are now able to access and leverage the entire ecosystem of Eclipse plug-ins from within the StreamBase development environment. Such plug-ins include those for source code version control, task management, graphical UI development and integration, XML editors, and SQL design tools.
• End-to-End Application Frameworks — As an extension to previously announced solution sets for Reg NMS and Markets in Financial Instruments Directive (MiFID), StreamBase 5.0's open development platform introduces industry-specific Application Frameworks, with the first one designed for algorithmic equities trading. The StreamBase Algorithmic Trading Framework is based upon a number of proven best practices for developing the full range of real-time components comprising an algorithmic trading application. The framework helps speed the development and delivery of these applications, including trading strategies, execution strategies, real-time P&L management, and real-time transaction cost analysis. [SEE ALSO: STREAMBASE LAUNCHES CEP REFERENCE ARCHITECTURE FOR ALGORITHMIC TRADING, June 19, 2007].
   
  "Developed by StreamBase and third-party vendors and programmers, our Application Frameworks are part of a strategic initiative to help accelerate the delivery of solutions that today's competitive organizations need to meet key challenges around acquiring, processing, and acting on high-volume real-time data," said Waclawiczek. "Customers and partners can now leverage these Application Frameworks to design and implement specific solution sets that address their core business pains."
• Multi-Event CEP Pattern Matching — By introducing enhanced pattern-matching syntax, StreamBase 5.0 enables users to more easily develop applications that recognize the order, presence, or absence of complex combinations of events in real-time. Patterns can be identified within single event streams or across multiple parallel streams over any given period — whether a response is desired in real-time or over an extended time interval. With these enhancements, developers can quickly build complex event recognition applications that may be used for real-time fraud and intrusion detection, network monitoring, click stream analysis, anti-money laundering, and more.
• New Support for Advanced Data Types — With the growing adoption of CEP in various industries, there is an increased demand for StreamBase's platform to process, analyze, and manage a variety of new data types including video, image, audio, XML payloads, and unstructured text. StreamBase 5.0 addresses this by introducing support for Binary Large Objects (BLOBs). BLOB support greatly enhances StreamBase's ability to meet multimedia and document-centric application requirements in both existing industries and new markets that wish to embrace CEP.
• Expanded Data Visualization Tools for Real-Time Monitoring — StreamBase 5.0 introduces integration with a number of third-party visualization tools, including Adobe® Flex™, Microsoft Windows® Presentation Foundation™ (WPF), Java™ Swing, and Eclipse Standard Widget Toolkit (SWT). StreamBase 5.0 provides bi-directional interaction with user interfaces built from these tools, enabling the creation of powerful dashboards and other visual interfaces for monitoring and controlling real-time applications.
• High-Capacity Data Management & Persistence Framework — StreamBase 5.0 Chronicle™ is the second major release of the enhanced and extended persistence framework for time series data. Chronicle now provides optimized read/write integration with industry-leading, high-capacity tick stores including IBM DB2®, Sybase RAP®, and Vertica®. In addition, Chronicle also supports bulk-loaders for these high-capacity tick stores and continues to leverage the standard JDBC interface for connecting to other historical databases. [SEE ALSO: SYBASE ANNOUNCES NEW FINANCIAL SERVICES REAL-TIME ANALYTICS AND COMPLEX EVENT PROCESSING PLATFORM WITH STREAMBASE, June 19, 2007]
   
  Enterprise-Class Security — In addition to offering enterprise-class clustering, high availability, and being SMP-enabled, StreamBase 5.0 also includes new advanced security capabilities. Adding to existing security features, StreamBase 5.0 now offers unique event-level security support, network data encryption, user authentication through secure integration with LDAP servers, and role-based authorization to control user access and activities. With this release, StreamBase offers the industry's most comprehensive security implementation for enterprise-class CEP applications.
• End-to-End Integration with External Data Sources — Using StreamBase's Eclipse-based Adapter Toolkit, developers can connect their StreamBase CEP applications to virtually any data source. In addition, StreamBase 5.0 provides a wide range of pre-built adapters to all major market data and messaging infrastructure systems. StreamBase 5.0 adapters include TIBCO Rendezvous® and EMS®, Java Message Service (JMS), Reuters Market Data System (RMDS), Wombat, Bloomberg, IBM WebSphere® Front Office (WFO), and opentick, enabling developers to seamlessly tie data feeds directly into their StreamBase applications and provide end-to-end integration with any system.
• Enhanced Administration & Run-Time Features — With improved remote administration capabilities, error management and reporting, deployment flexibility with rolling upgrades, flexible data sharing capabilities across application components, and dozens of other improvements, StreamBase 5.0 offers the industry's most complete, robust and mature CEP platform.

"Complex Event Processing has proven itself as a crucial technology," said Sang Lee, Research Director at Aite Group. "With the release of StreamBase 5.0, the company is further demonstrating its commitment to address the rising demand for enterprise-class CEP. StreamBase is helping to drive the evolution and adoption of CEP not only by financial services institutions, but also by many other sectors that need to solve challenges around low-latency processing of high-volume data."

StreamBase is currently previewing various components of StreamBase 5.0 at the Securities Industry and Financial Markets Association (SIFMA) Technology Management Conference & Exhibit in New York City from Tuesday, June 19th through Thursday, June 21st at booth # 1770. Initial launch partners of StreamBase 5.0 include IBM®, Microsoft®, and Sybase®.

StreamBase 5.0 is expected to be generally available sometime before September 30th, 2007. A free trial of the StreamBase software is currently available for download at www.streambase.com

About StreamBase

StreamBase's award-winning Stream Processing Platform, fueled by the standards-based next generation query language, StreamSQL™ and an Eclipse-based development environment, offers the fastest Complex Event Processing software for processing of real-time and historical data. With StreamBase and StreamSQL, enterprises can query, process, and analyze real-time and stored data at rates of up to hundreds of thousands messages/second. StreamBase's combination of real-time performance, persistence, and programmability empowers enterprises in industries like financial services, telecom and networking, e-Business, government and military to solve new classes of business challenges in a more timely, scalable, and cost effective manner than custom-coding. StreamBase is headquartered in Lexington, Massachusetts with offices in New York, Washington, D.C., and London. A downloadable version of StreamBase's software is available at www.streambase.com.

©2007 StreamBase Systems, Inc. All other trademarks or trade names are properties of their respective owners. All rights reserved.

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