Covering the the complex event specialists just got 25% easier. We noted in September last year that the complex event processing (CEP) specialists StreamBase Systems, Aleri and Coral8 were attractive acquisition targets and that it would only be a matter of time before we saw consolidation in the event processing sector. Consolidation among those vendors wasn’t exactly what we had in mind, but that is what has come to pass as Aleri has announced the acquisition of Coral8 for an undisclosed fee.
The combined entity, which continues to use the Aleri name, is now claiming to be the largest CEP specialist on the market, although that is debatable and we expect it to be strongly debated by StreamBase and Progress Software’s Apama division.
Here are the numbers to be debated: All of Coral8′s 45 employees are joining Aleri, which will have a combined headcount of 95 and will boast 80 paying customers, less than five of which are existing customers of both companies.
We will have a full assessment of the deal and its implications out later today, but our first impressions are as follows:
While the acquisition of Coral8 by Aleri may appear at first glance like a combination of near-equals the resulting business stands to benefit from complementary product and sales strategies that should bring about cost savings via reduced duplication of effort and enable further expansion outside financial services.
CEP is becoming a core enabling technology for data processing and analysis and the new Aleri is well positioned to build on its established position in capital markets and exploit partnerships with business intelligence and data warehousing vendors for wider adoption