Mergers and Acquistions News
Categories: BPO
March 9th 2009, 16:54PM
Aleri and Coral8 have announced that they have merged to expand the reach and up the speed of innovation for next-generation, real-time event processing technology and solutions.
They will work together to provide a software suite for developing, introducing and delivering real-time analytics and continuous intelligence for time-critical business choices.
Both companies provide complex event processing (CEP) software and solutions and together they will serve a wide range of industries with one of the broadest customer bases of CEP users.
Marc Adler, director and chief architect of Equities IT of Citigroup, commented: "The combination of Coral8's powerful development language and ease of use with Aleri's superior financial market expertise and solutions makes for a very strong product offering."
The merged company will go under the name of Aleri, with Don DeLoach remaining chief executive officer.
Coral8 was established in 2003 and last month announced the availability of its Engine Release 5.6.
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