Commentary

John D'Antona Jr.
Traders Magazine Online News

CEO CHAT: Tina Byles Williams, FIS Group

Investment veteran is on the lookout for talented, lesser known managers in frontier and emerging markets.

Traders Poll

Are you concerned about foreign ownership of a U.S. stock exchange?



Free Site Registration

April 15, 2009

CEP Firms Join Forces

By James Ramage

The complex event processing space just got smaller as two of its larger players merged. CEP software providers Chicago-based Aleri and Mountain View, Calif.-based Coral8 joined forces last month.

Why? Little overlap, greater reach. The firms-now called Aleri-merged to leverage their combined complementary technologies and staff, said Don DeLoach, Aleri's president and chief executive. The two can also expand their customer bases and overall geographic reach within the CEP space, he said.

Combined, the two firms have more than 100 employees and 80 customers across the globe, mostly in Europe and North America, including around 50 customers in the U.S.

Neither firm will lose employees or drop products due to the merger, DeLoach said. In fact, Aleri expects to add staff, he added.

Over the next few months, Aleri will make the Coral8 portal accessible to the Aleri engine and make the Aleri Live OLAP-its server that analyzes live data-accessible to the Coral8 portal by coming out with a common adapter strategy that functions across both engines, DeLoach said.

"Both companies have core CEP engines," DeLoach said, "but Coral8 had put a lot of emphasis on visualization in the portal, and Aleri had built out business intelligence and Live OLAP capability. And now those can be shared."

Sometime next year, he added, the firm will make the combined engine "forward compatible" so customers from both firms can handle future Aleri upgrades.

(c) 2009 Traders Magazine and SourceMedia, Inc. All Rights Reserved.

http://www.tradersmagazine.com  http://www.sourcemedia.com/