June 13, 2013 – Software AG has big data intentions with a proposal to take complex event processing vendor Apama off the hands of Progress Software.
Progress had purchased privately held Apama in 2005 for approximately $25 million as an entry point into the CEP market. Financial terms of the deal were not disclosed by any of the vendors, though it’s subject to closing conditions and anticipated to close in Q3. Research and advisory firm Celent had pegged the CEP market at $115 million in 2012, with expectations of 30 percent year-over-year growth through 2014 based largely in the maturity of real-time automation.
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