Sybase is entering the Complex Event Processing business with the introduction of Sybase CEP, which is being offered - initially at least - as an option to its RAP – The Trading Edition capital markets analytics platform. The product results from the vendor’s licensing of code for Coral8’s CEP engine, which has been enhanced for interoperability, confirms Domenic Iannaccone, director of business development, financial fervices industry. In the future, Sybase will continue to develop the CEP engine and might offer it in conjunction with other Sybase products, he says.

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In the wake of the merger of Aleri and Coral8, StreamBase Systems has announced a trade-in deal for Aleri/Coral8 customers, allowing them to migrate from those vendor’s offerings to StreamBase’s own Complex Event Processing (CEP) product. Under the “StreamBase Amnesty Program,” Aleri and Coral8 customers will have until April 30th to register their interest in such a trade in.

StreamBase has designed a best practices workshop for those investigating the migration process, and is also providing free porting services for any Aleri/Coral8 clients that purchase StreamBase in 2009.