With the marketplace quaking with fear of slashed market data and IT budgets in 2009, complex event processing (CEP) platform provider Coral8 is taking a contrarian view with the launch of a dedicated financial services group. The Mountain View, California-based company has named two senior executives – Colin Clark and Michael DiStefano – to lead its financial services foray, for which it has consulted with a handful of key clients to address market needs in the face of growing complexity and volumes of data.

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