IN-Q-TEL MAKES STRATEGIC INVESTMENT IN STREAMBASE TO FUEL COMPLEX EVENT PROCESSING
Strategic Venture Capital Fund for the Central Intelligence Agency Adds StreamBase to Prestigous Portfolio of Leading-edge Innovation Companies
February 12, 2007
Boston, MA
StreamBase Systems Inc. today announced a strategic investment and technology advancement agreement with In-Q-Tel, the independent strategic investment arm that identifies innovative technologies to support the missions of the Central Intelligence Agency (CIA) and the broader Intelligence Community (IC). StreamBase is the leading provider of high-performance Complex Event Processing (CEP) software. With this additional support, StreamBase will further advance capabilities including unmatched performance, the easiest and most flexible programming, and the broadest persistence options for integrating real-time and historical data.
"We are a strong believer in the current value and future impact of StreamBase's high-performance Complex Event Processing software and the substantial benefit it offers to the Intelligence Community and to our country," said Troy Pearsall, In-Q-Tel's Executive Vice President of Technology Initiatives. "StreamBase is an exciting company delivering software that is powerful and sustainable, proven through the company's repeated successes in the commercial sector. In-Q-Tel is pleased to provide the Intelligence Community with access to StreamBase's platform for building next-generation stream processing applications."
Founded by Dr. Mike Stonebraker, StreamBase offers an award-winning high-performance software platform that radically improves real-time data processing for applications in the federal government/military and RFID/sensor networks. Traditional data management and analysis software architectures often cannot keep pace with the volume and velocity of the data streaming into many of today's modern intelligence systems.
StreamBase's powerful real-time processing architecture with StreamSQL™ consolidates this data across multiple sources and formats and can integrate real-time and historical data in one system. In addition, StreamBase can continuously monitor complex conditions to identify patterns of events that indicate a need for action. StreamBase is ideal for real-time message/text analysis, combat theatre surveillance and battalion monitoring, real-time surveillance and alerting, and network monitoring.
"Our acceptance as an In-Q-Tel portfolio company is not only a tremendous opportunity to expand our footprint within the Intelligence Community, it is also a great honor," said Barry Morris, Chairman and CEO of StreamBase. "In-Q-Tel's investment and commitment to our business will further help us prove the value and impact complex event processing can drive to further enhance the intelligence and security prowess of the United States."
About In-Q-Tel
In-Q-Tel is the strategic arm of the U.S. Intelligence Community. Launched by the CIA in 1999 as a private, independent, not-for-profit organization, In-Q-Tel's mission is to identify and invest in companies developing cutting-edge technologies that serve the national security interests of the United States. Working from an evolving strategic blueprint defining the Intelligence Community's critical technology needs, In-Q-Tel engages with entrepreneurs, growth companies, researchers, and venture capitalists to deliver technologies that provide superior capabilities for the CIA and the larger Intelligence Community. In-Q-Tel concentrates on three broad commercial technology areas: software, infrastructure and material sciences. To date, In-Q-Tel has engaged with more than 90 companies and delivered more than 140 technology solutions to the Intelligence Community. To learn more about In-Q-Tel, please visit www.in-q-tel.org.
About StreamBase
StreamBase's award-winning Stream Processing Engine, fueled by the standards-based next generation query language, StreamSQL™ and an Eclipse-based development environment, offers the fastest Complex Event Processing software for processing of real-time and historical data. With StreamBase and StreamSQL, enterprises can query, process, and analyze real-time and stored data at rates of up to hundreds of thousands messages/second. StreamBase's combination of real-time performance, persistence, and programmability empowers enterprises in industries like financial services, telecom and networking, e-Business, government and military to solve new classes of business challenges in a more timely, scalable, and cost effective manner than custom-coding. StreamBase is headquartered in Lexington, Massachusetts with offices in New York, Washington, D.C., and London. A downloadable version of StreamBase's software is available at www.streambase.com
