Software delivers complex event processing solution.May 23, 2007 -
BusinessEvents v2.0 enables organizations to identify meaningful patterns among events that occur across their businesses. Using model-driven approach to collect, filter, and correlate data about discrete events, software applies predefined rules to identify situations that require response to assist users with understanding existing operations, identifying and prioritizing new situations, and remediating threats. Supplied API allows users to embed BusinessEvents into other applications.
(Archive News Story - Products mentioned in this Archive News Story may or may not be available from the manufacturer.)
Original Press release
Tibco, Inc.
3165 Porter Dr.
Palo Alto, CA, 94304
USA
TIBCO Delivers on Predictive Business Roadmap with Release of TIBCO BusinessEvents Version 2.0
New Release Features Expanded Rules Functionality, High Availability and Streamlined Deployment
PALO ALTO, Calif., April 23 // -- TIBCO Software Inc. today announced the launch of TIBCO BusinessEvents(TM) version 2.0, a new release of its award-winning complex event processing (CEP) software that advances the company's position as the leading enabler of Predictive Business(TM). TIBCO BusinessEvents version 2.0 features expanded rules functionality along with enhancements designed to allow customers to more quickly and easily deploy event processing applications.
TIBCO BusinessEvents enables organizations to identify meaningful patterns among the countless events that occur across their businesses. Using a unique model-driven approach to collect, filter and correlate massive volumes of data about discrete events, the software applies predefined rules to identify situations that require a response. Using TIBCO BusinessEvents, customers are able to improve their understanding of existing operations, identify and prioritize new situations and remediate threats.
"The emphasis for large organizations over the last five years has been a transition to becoming a more 'agile' enterprise capable of quickly responding to change and challenges within the marketplace," said Philip Howard, research director -- Data, Bloor Research. "Now that this has largely been accomplished, the logical next step is to move from being reactive to proactive by predicting those changes in advance. To enable this kind of predictive enterprise, companies will need to implement event-processing technology like TIBCO BusinessEvents."
In version 2.0, TIBCO BusinessEvents contains an implementation of a new application programming interface (API) that allows users to easily embed TIBCO BusinessEvents into other applications. TIBCO has also added a new "hot" deployment capability in version 2.0 that permits new rules to be written and deployed while the application is running. This feature also enables TIBCO BusinessEvents distributed on-line deployments. Together, these new features allow real-time event processing functionality to be added to any application within the organization.
Another key to successful CEP is defining and applying rules that dictate the flow of information and responses as events play out. At the core of TIBCO BusinessEvents is a business rules engine that receives, correlates events and applies rules as needed. These rules play an important part in the development of business models as well as in the correlation between business events.
New rules functionality in TIBCO BusinessEvents version 2.0 designed to help business rule authors better understand rule dependencies and impact analysis include:
o Rule Analyzer -- Collects statistics on the performance of each rule,
evaluating and ranking each one based on efficiency. It also allows for
the visualization of an entire project as a graph, showing how one rule
or object relates to another.
o Rule Debugger -- Analyzes the effects of various changes and detects
circular rule cycles, rules with no actions, rules with the same
condition and different actions, along with multitude of other
potential anomalies. This drastically shortens the debugging phase for
creating rule-based, event-driven applications. It also allows for
simulation to ensure proper execution of pre-defined rules.
"A benefit to CEP is the ability to rapidly respond to potential problems or take advantage of emerging opportunities," said Jeff Kristick, senior director, Product Marketing, TIBCO. "With the latest release of TIBCO BusinessEvents, we are delivering on our promise to help customers evolve into predictive businesses."
TIBCO BusinessEvents version 2.0 is available for purchase immediately. Please contact TIBCO Software for more details regarding pricing or visit TIBCO's website at http://www.tibco.com/ .
About TIBCO
TIBCO Software Inc. (NASDAQ:TIBX) provides enterprise software that helps companies achieve service-oriented architecture (SOA) and business process management (BPM) success. With over 3,000 customers, TIBCO has given leading organizations around the world better awareness and agility-what TIBCO calls The Power of Now(R). To learn more, contact TIBCO at +1 650-846-1000 or on the Web at http://www.tibco.com/.
TIBCO, the TIBCO logo, The Power of Now, TIBCO BusinessEvents and TIBCO Software are trademarks or registered trademarks of TIBCO Software Inc. in the United States and/or other countries. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.
Source: TIBCO Software Inc.
CONTACT: Jenna Kuhl of TIBCO Software Inc., +1-650-846-5396, jkuhl@tibco.com
Web site: http://www.tibco.com/
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