Streambase Launches Complex-event-processing Exchange

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CEP (complex-event processing) vendor Streambase on Tuesday launched a Web site where customers, developers and partners can download, share and perhaps one day sell components.

Companies use CEP software to monitor the flow of activity in their IT environments, looking for patterns, making correlations and triggering corrective actions when necessary. While it is applicable to a wide range of industries, today CEP is most popular among sectors such as financial services and government intelligence agencies.

The new Streambase Component Exchange is stocked with an initial set of items, including an adapter for pulling in Twitter streams, an integration with the Python programming language, and domain-specific algorithms.

The vendor hopes the exchange will help flesh out its ecosystem, which now includes roughly 100 customers and several hundred developers.

Right now, the components are available at no charge, but that could change in the future, company officials said.

For example, a partner could develop and sell components for a specialized purpose, such as a risk-management framework for the Asian markets, said Justin Fry, senior vice president of marketing.

Streambase's "open-edge" licensing model for the exchange states in part that components are not "supported, verified or endorsed by Streambase, even when created by a Streambase employee, partner or affiliate." However, the code may be redistributed, modified and used in both source and binary forms as long as certain conditions are met.

While the exchange is a good idea, its impact will be limited, according to analyst Curt Monash of Monash Research.

For one, neither the financial nor intelligence communities will "share much in the way of core algorithms," he said via e-mail. "Open source commonly gets community contributions for connectors, adapters, and (national) language translations. But useful contributions in other areas are much rarer."

Moreover, Second Life creator Linden Lab "is one of Streambase's few significant customers outside its two core markets," Monash said.

That said, both financial institutions and intelligence agencies are "pretty interested in having customizable technology, which makes them interested in open source," he added.

Streambase's announcement comes amid heightened activity in the CEP space. Earlier this month, Sybase announced plans to buy Streambase rival Aleri, and platform vendors such as IBM, Oracle and Microsoft have been strengthening their hands in CEP.

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