Coral8, a provider of Complex Event Processing (CEP) software, announced that it has signed a reseller agreement with Sybase (News - Alert) which would enable Sybase to offer Coral8 Engine and Portal as a general purpose CEP platform together with any Sybase solution.

 

The two solutions offered in conjunction will help organizations implement high-impact, next generation, event-driven applications, which are not only flexible and scalable but also easily deployable. This is achieved by combining the high performance continuous processing engine of Coral8 with the superior information management and delivery software of Sybase.

 

The combined solution ensures the continuous flow of information and intelligence to critical decision-makers and action-takers throughout any enterprise. Other advantages include low-latency, high-speed financial trading applications, as well as intra-day risk analytics, model development and backtesting.

 

The deal was announced on June 10 at the SIFMA Technology Management Conference in New York. The integrated Coral8 Engine and Sybase RAP application for high-speed, high volume financial trading offers a "closed loop" environment for quick development, testing and deployment of trading strategies. It can handle large volumes of real-time, near-time and historical data effectively as required in financial markets.

 

"The combination of the Coral8 CEP platform and Sybase information management will enable us to deliver a rich, continuous flow of critical information in the financial trading environment," commented Steve Capelli, president of Sybase Field Operations. "The partnership and integrated offering between our two companies is already delivering value to a large investment services provider here in the U.S."

 

"The combined Sybase and Coral8 solutions will enable customers to create a new class of information applications that continually monitors the pulse of the operations and customer interactions," stated Terry Cunningham, CEO, Coral8. "This partnership will deliver competitive advantage to our joint customers in financial trading as well as introduce these benefits to a wide array of industry solutions."

Anamika Singh is a contributing editor for TMCnet. To read more of Anamika’s articles, please visit her columnist page.