Database management firm Sybase Thursday confirmed that it has agreed to acquire Aleri, a leading supplier of software for analyzing the effects of complex events on securities transactions.

As part of the merger,  first reported by Securities Industry News, Aleri and said that its president, Don DeLoach, will leave.

Aleri’s chief technology officer Jerry Baulier has been named vice president of engineering at Sybase, according to the company. Jeff Wootton, vice president of product strategy at Aleri will take on the new role of senior director of product management at Sybase.

Terms of the deal were struck on January 22 were not disclosed. The deal was set to be announced on Feb. 8.

“With this transaction, Sybase positions itself as a clear market leader, “ says Raj Nathan, senior vice president of Sybase. “We have strengthened our real-time analytics platform, added liquidity risk management, and the industry leading liquidity management suite."

Founded in 1999, Aleri helps companies analyze huge amounts of data in real time. The company’s software includes  risk analysis, liquidity analysis and visual modeling applications, an on-line analytical engine and financial reporting modules for compliance, profit and loss reporting, trade floor reporting and business activity monitoring.

Sybase last year launched its own CEP engine using source code licensed from San Francisco-based Coral8. The licensing agreement stipulated that the Coral8 code could only be used as an optional extension to the Sybase RAP analytics platform.

Coral8 and Aleri merged in March 2009. The deal was announced just days after Coral8 was taken over by Aleri. Coral8 has since embarked on a major development program, dubbed Ohio, to integrate the best features from the Aleri Streaming Platform with the Coral8 Engine.

The acquisition by Sybase provides a firmer financial footing for Aleri as it undertakes a risky redevelopment program and offers Sybase a broad CEP engine that it can market into other industry verticals, such as health care, government and telecommunications.

This article can also be found at SecuritiesIndustry.com.

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