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Forrester Names Progress® Apama® as a Standout Leader in Complex Event Processing Report

Progress Software Corporation (NASDAQ: PRGS), announced today that Forrester Research, Inc. has named the Progress Apama complex event processing (CEP) platform as a standout leader in "The Forrester Wave™: Complex Event Processing Platforms, Q3 2009"(August 2009) Report. In this detailed review of products, the Progress Apama platform received the top score in current offering and market presence.
  • 05 August, 2009 11:36

<p>Progress Software Corporation (NASDAQ: PRGS), a global provider of application infrastructure software to develop, deploy, integrate and manage business applications, announced today that Forrester Research, Inc. has named the Progress Apama complex event processing (CEP) platform as a standout leader in "The Forrester Wave™: Complex Event Processing Platforms, Q3 2009"(August 2009) Report. In this detailed review of products, the Progress Apama platform received the top score in current offering and market presence.</p>
<p>According to the report: "Progress Apama earned high marks for its event processing features, its development tools, and its business end-user tools, propelling it into its position as a Leader."</p>
<p>The Forrester Research report evaluated the strengths and weaknesses of nine CEP platform vendors based on a comprehensive set of evaluation criteria. The report found that the Progress Apama platform:</p>
<p>• "…[exhibited] across-the-board strength in runtime architecture, platform administration, CEP features, and tools for developers."</p>
<p>• "…[demonstrates] market maturity by earning sterling strategy scores for their planned enhancements, licensing options, and pricing transparency."</p>
<p>John Bates, founder and managing director, Apama Division of Progress Software, said: "This report reflects the validation we receive from our many customers, who have chosen Apama because of the tremendous competitive advantage it delivers. CEP is the corner stone of Operational Responsiveness, which improves business visibility and the ability to detect and act on business opportunities and threats in real-time to gain a competitive advantage. We are proud that Forrester Research has recognized the Apama CEP platform as a standout leader, particularly given the detailed analysis that drove this evaluation. The pace at which organizations accumulate and analyze data is increasing exponentially, and CEP products must keep pace."</p>
<p>The Forrester report defines CEP platform software as software that can ‘detect patterns of events (and expected events that didn’t occur) by filtering, correlating, contextualizing, and analyzing data captured from disparate live data sources to respond as defined using the platform’s development tools.’ To download a copy of "The Forrester Wave™: Complex Event Processing (CEP) Platforms, Q3 2009" visit: http://www.progress.com.</p>
<p>The Apama Platform</p>
<p>The Apama platform supports dynamic business operations that are constantly changing and which require immediate, forward-looking responsiveness to business events with sub-millisecond latency. The Apama platform is recognized as the leading CEP product with the largest client base in Capital Markets comprising top sell-side firms, buy-side firms, hedge funds and regulators, including companies such as JP Morgan, Deutsche Bank, and FSA (Financial Services Authority) of the U.K. Outside capital markets, the Apama platform is used in industries such as retail (e.g. Boekhandels Groep Nederland – BGN – who introduced the world’s first item-level RFID implementation) and manufacturing (e.g. Manuvis with their application that delivers real-time visibility into manufacturing ERP systems).</p>
<p>About Progress Software Corporation</p>
<p>Progress Software Corporation (NASDAQ: PRGS) provides application infrastructure software for the development, deployment, integration and management of business applications. Our goal is to maximize the benefits of information technology while minimizing its complexity and total cost of ownership. Progress can be reached at www.progress.com.</p>
<p>For further information please contact: Shuna Boyd at BoydPR on 02 9418 8100</p>

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