A provider of real-time analytics and a provider of cloud-based data management software said Thursday they had put together a system that will analyze large amounts of structured and unstructured data residing in open source systems based on the Apache Hadoop files system manager.

HStreaming, which is headed by a former Citigroup performance manager, said it is working with Cloudera, which provides Hadoop-based data management software, services and training, on the project that is designed to deliver millisecond-latency in analyzing massive amounts of financial records, transaction data, images, and other information.

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