PRESS RELEASE

StreamBase Announces Richard Tibbetts as Chief Technology Officer

Co-Founder and Chief Architect Promoted to Technical Leadership Role

LEXINGTON, MA — January 19, 2009 — StreamBase Systems, Inc., a leading provider of high-performance Complex Event Processing (CEP) software, today announced the promotion of Richard Tibbetts from Chief Architect to Chief Technology Officer.

“Event processing is beginning to change the IT landscape, helping businesses build a new class of event-driven, real-time applications.  As CTO, I will continue to advocate for CEP language standardization, enterprise-class event driven architecture (EDA), and event-oriented development tools that empower business analysts and professional developers,” said Richard Tibbetts, CTO, StreamBase Systems.

As co-founder and Chief Technology Officer at StreamBase, Richard represents StreamBase at academic events such as SIGMOD, VLDB, and DEBS, is a steering committee member for the CEP industry group EPTS, in addition to working with Oracle and other vendors on CEP standards.  Richard provides technical leadership for the company and leads development of StreamBase’s Event Processing Platform, and is also responsible for StreamBase’s development of domain-specific ‘white-box’ application frameworks. 

Richard earned both his BS in Computer Science and Engineering, and Masters of Engineering Degrees at MIT, where he contributed language design and performance analysis to the Aurora stream processing research project, a project which led to the founding of StreamBase.

“Richard possesses a rare combination of raw technical acumen, vision, and leadership - I am delighted to announce his promotion," said Mark Palmer, StreamBase's CEO. “Richard has consistently demonstrated his ability to lead – with our customers, in the industry, and with our engineering group."

About StreamBase
StreamBase Systems, Inc, a leader in high-performance Complex Event Processing (CEP), provides software for rapidly building systems that analyze and act on real-time streaming data for instantaneous decision-making. StreamBase’s Event Processing Platform™ combines a rapid application development environment, an ultra low-latency high-throughput event server, and the broadest connectivity to real-time and historical data. Leading investment banks, hedge funds, and government agencies use StreamBase to power mission-critical applications that increase revenue, lower costs, and reduce risk. The company is headquartered in Lexington, Massachusetts. For more information, visit www.streambase.com.