Washington, DC (June 14, 2013) – Venable LLP represented Software AG of Darmstadt, Germany and Reston, Virginia, in an agreement with Progress Software. Under the agreement, which was announced today, Software AG intends to acquire Apama. Apama is the market leading platform for Complex Event Processing (CEP) and CEP-powered solutions.
Under the deal Software AG will take over the Apama technology teams based primarily in Cambridge (UK), Bedford, MA (USA) and Hyderabad (India). Also included are the global Apama sales and technical teams which serve their extensive customer base in financial services, communications and other markets.
Software AG will maintain the Apama product brand given the high brand recognition of Apama in the CEP market. Software AG will also continue and expand Apama’s industry and solution focus areas, including capital markets trading, risk and surveillance, as well as more broadly location and context-aware customer experience management and fraud prevention.
Apama CEP allows organizations to correlate and analyze business activities across multiple data streams in real-time and take immediate action in response. The high performance Apama CEP platform together with Software AG’s low-latency messaging and in-memory technology will enable customers to gain maximum value from real-time business data in any business area where sub-second response times to events are critical; such as fraud detection, capital markets trading or customer experience management. In addition, Apama CEP will enable customers to fully design, test, monitor and control the industrial internet to a new level of precision and at a new level of intelligence.
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Software AG (FRA: SOW) helps organizations achieve their business objectives faster. The company's big data, integration and business process technologies enable customers to drive operational efficiency, modernize their systems and optimize processes for smarter decisions and better service. Building on over 40 years of customer-centric innovation, the company is ranked as a leader in 15 market categories, fueled by core product families Adabas and Natural, ARIS, Terracotta and webMethods. Software AG has ca. 5,300 employees in 70 countries and had revenues of €1.05 billion in 2012. Learn more at www.softwareag.com.