Independent Research Firm Names Progress(R) Apama(R) as a Standout Leader in Complex Event Processing ReportBEDFORD, Mass.--(BUSINESS WIRE)--Aug. 4, 2009--
Progress
Software Corporation (NASDAQ: PRGS), a global provider of
application infrastructure software to develop, deploy, integrate and
manage business applications, announced today that
Forrester Research,
Inc. has named the
Progress®
Apama® complex event processing (CEP) platform as a standout leader
in “The Forrester Wave™: Complex Event Processing Platforms, Q3
2009”(
August 2009) Report. In this detailed review of products, the
Progress® Apama® platform received the top score in current offering and
market presence.
According to the report: “Progress Apama earned high marks for its event
processing features, its development tools, and its business end-user
tools, propelling it into its position as a Leader.”
The Forrester Research report evaluated the strengths and weaknesses of
nine CEP platform vendors based on a comprehensive set of evaluation
criteria.
The report found that the Progress Apama platform:
-
“…[exhibited] across-the-board strength in runtime architecture,
platform administration, CEP features, and tools for developers.”
-
“…[demonstrates] market maturity by earning sterling strategy scores
for their planned enhancements, licensing options, and pricing
transparency.”
John Bates, founder and managing director, Apama Division of Progress
Software, said: “This report reflects the validation we receive from our
many customers, who have chosen Apama because of the tremendous
competitive advantage it delivers. CEP is the corner stone of
Operational Responsiveness, which improves business visibility and the
ability to detect and act on business opportunities and threats in
real-time to gain a competitive advantage. We are proud that Forrester
Research has recognized the Apama CEP platform as a standout leader,
particularly given the detailed analysis that drove this evaluation. The
pace at which organizations accumulate and analyze data is increasing
exponentially, and CEP products must keep pace.”
The Forrester report defines CEP platform software as software that
can ‘detect patterns of events (and expected events that didn’t occur)
by filtering, correlating, contextualizing, and analyzing data captured
from disparate live data sources to respond as defined using the
platform’s development tools.’
To download a copy of “The Forrester Wave™: Complex Event Processing
(CEP) Platforms, Q3 2009” visit: http://www.progress.com.
The Apama platform supports dynamic business operations that are
constantly changing and which require immediate, forward-looking
responsiveness to business events with sub-millisecond latency. The
Apama platform is recognized as the leading CEP product with the largest
client base in Capital Markets comprising top sell-side firms, buy-side
firms, hedge funds and regulators, including companies such as JP
Morgan, Deutsche Bank, and FSA (Financial Services Authority) of the
U.K. Outside capital markets, the Apama platform is used in industries
such as retail (e.g. Boekhandels Groep Nederland – BGN – who introduced
the world’s first item-level RFID implementation) and manufacturing
(e.g. Manuvis with their application that delivers real-time visibility
into manufacturing ERP systems).
About Progress Software Corporation
Progress Software Corporation (NASDAQ: PRGS) provides application
infrastructure software for the development, deployment, integration and
management of business applications. Our goal is to maximize the
benefits of information technology while minimizing its complexity and
total cost of ownership. Progress can be reached at www.progress.com
or +1-781-280-4000.
Progress and Apama are trademarks or registered trademarks of
Progress Software Corporation or one of its subsidiaries or affiliates
in the U.S. and other countries. Any other trademarks contained herein
are the property of their respective owners.
Source: Progress Software Corporation
Progress Software
Lisa Coulouris, +1 781-280-4995
lcoulour@progress.com
or
LEWIS
PR
Melissa Schulz, +1 646-649-5641
progresssoftware@lewispr.com
