PRESS RELEASE
StreamBase Offers Amnesty to Aleri-Coral8 Customers
Migration Best Practices Workshop Offered to Assist Aleri-Coral8 Customers
BOSTON, MA (USA) and London (UK) — March 10, 2009 — StreamBase today announced that customers of Aleri or Coral8 can now register to trade-in their Aleri or Coral8 Complex Event Processing software and migrate to StreamBase’s Complex Event Processing (CEP) software under the StreamBase Amnesty Program for Aleri-Coral8 Customers.
“StreamBase received several enquiries on Monday from concerned customers. There is clearly anxiety from Aleri and Coral8 users who have built applications on top of their CEP engines, and now find that at some point they may have to re-write their applications,” said Mark Palmer, Chief Executive Officer of StreamBase Systems. Palmer continued, “Given the uncertainty resulting from this merger, we are offering any Aleri or Coral8 customers a one-time amnesty to migrate to StreamBase.”
Larry Derany, SVP of Products at StreamBase, said, “Customers of Aleri or Coral8 realize that they will need to consider re-writing applications to suit whatever the new merged Aleri-Coral8 code base produces. Now is the time to evaluate the available options by exploring a product based on industry standard SQL and from a company that has solid backing, such as StreamBase.”
Under the StreamBase Amnesty Program, Aleri-Coral8 customers will have until April 30th, 2009 to register their interest in trading-in their existing Aleri or Coral8 CEP platform for StreamBase.
StreamBase is offering a comprehensive program to assist with the migration process. First, StreamBase has designed a Best Practices Workshop for those investigating the migration process. Second, StreamBase is providing free porting services for any Aleri-Coral8 clients that purchase StreamBase in 2009.
“Migration Best Practices: Moving from Aleri SPLASH or Coral8 CCL to StreamBase StreamSQL” is a workshop designed by Richard Tibbetts, StreamBase’s Chief Technology Officer and led by StreamBase’s senior field architects. The program is intended to assist Aleri-Coral8 customers with the migration to StreamBase.
Chris Risley, Chairman, StreamBase Systems, commented, “It is important for Aleri and Coral8 customers to note that StreamBase is backed by three of the top venture firms in the world; Bessemer, Highland and Accel. In addition, StreamBase’s sales performance has recently beaten several company records which resulted in additional funding of $6 million in 2008 to fund further growth in 2009 and beyond.”
To register for the StreamBase Amnesty Program for Aleri-Coral8 Customers please contact StreamBase.
Phone: Americas +1 (781) 761-0800 / Europe +44 (0) 20 7002 1095
Email: amnesty@streambase.com
Web: http://www.streambase.com/amnesty
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. StreamBase customers include, PhaseCapital, BlueCrest, BNY ConvergEX and RBC Capital Markets. The company is headquartered in Lexington, Massachusetts with offices in London, New York and Washington D.C.. For more information, visit www.streambase.com.
For more information please contact:
Media Contact for StreamBase
Justin Fry
+1 781 761-0839
justin.fry@streambase.com
© 2009 StreamBase Systems, Inc. All other trademarks or trade names are properties of their respective owners. All rights reserved.