Database management firm Sybase is expected within days to announce an agreement to buy Aleri, one of the leading suppliers of software that analyzes complex events and risks before securities trades are executed.

Sybase indicated late last week that it “is planning on making a very big announcement on Monday, Feb. 8,’’ but declined to provide any details. Officials at Aleri in Mountain View, Calif. could not be reached for comment. Sybase declined comment at 1:45 p.m.

New York IT research firm The 451 Group in a Web posting Monday analyzed the rationale behind Sybase’s takeover of Aleri, saying such a deal would offer Sybase a stand-alone engine that it could market into industries, such as health care, government and telecommunications, where the effects of complex events and market conditions also need to be analyzed.

Aleri, founded in 1999, 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

In a statement Tuesday to Securities Industry News, Daniel Chait, managing director of  Lab 49, a New York based consulting firm said that Aleri “would well-position Sybase in the marketplace for high-speed data processing.”

Last year, Sybase launched its own complex-event processing engine using source code licensed from San Francisco-based Coral8. But according to the licensing agreement, the Coral8 code could only be used as an extension to Sybase own analytics platform, known as RAP, which is used in securities trading.

At the time, Sybase said that the combination would enable traders and risk managers to perform real-time analytics on high-speed streams of trade and market data, examine risk and react to opportunities with minimal delays in processing or communications. The technology also allows quantitative analysts to back-test their algorithms using historical data stored in the Sybase platform.

Sybase announced the deal with Coral8 just days after Coral8 was acquired by Aleri. Since then, Aleri has embarked on a major program to integrate the Aleri streaming platform with the Coral8 engine in a new platform codenamed Ohio. The new generation CEP engine is set to be launched in phases this year.

This article can also be found at SecuritiesIndustry.com.

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