TIBCO Software has announced plans to buy StreamBase Systems, a real-time analytics and event processing vendor, in a move to expand its event-processing portfolio.

In a statement from TIBCO, CTO Matt Quinn expressed how StreamBase would “extend our event-processing abilities and provide a terrific opportunity to address a growing number of use cases for data in motion – in financial services and beyond." 

This purchase would add to TIBCO’s big data platform, adding streaming event processing and real-time analytics. TIBCO’s event processing portfolio currently includes TIBCO BusinessEvents for rules inferencing, state models and distributed data cache, and TIBCO BusinessEvents Extreme, for vertical scaling of concurrent transactions.

Founded in 2003 by Dr. Mike Stonebraker, StreamBase Systems has received funding from Accel Partners, Bessemer Venture Partners, Highland Capital Partners and In-Q-Tel. The most recent financial support has come from Horizon Technology Finance Corporation to the tune of $1.5M. 

TIBCO’s most recent acquisitions were LogLogic, a log management company, in April of last year and Maporama Solutions, a privately held French provider of geospatial analytics and location intelligence solutions in the cloud, in March of this year.

No financial details of the transaction were disclosed. 

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