For one, Apama revenues have increased multiple times (e.g., 70 percent growth in fiscal 2008). This growth probably makes Progress the market share leader in the CEP market, together with the fact that Progress Apama currently has approximately 110 customer deployments.
A sampling of Apama customers, those that Progress has publicly announced, can be found at the company’s website here. The product’s “sweet spot” and leading presence to date has been in the Capital Markets and Financial Services segments for high frequency trading applications. Apama’s customer profiles range from the largest sell-side firms in the world to smaller, boutique buy-side firms.
Furthermore, Progress Apama now has a worldwide footprint, with deployments in North and South America, throughout Europe, the Middle East, Australia, Japan, and Korea. The product now logically supports some internationalization capabilities. Last but not least (and to be detailed later) Apama has expanded in capability with more CEP functionality, sophisticated development tools, flexible event capture and replay, visual dashboards, and open integration framework, while emphasizing less on just promoting the product’s high performance and scalability (e.g., sub-millisecond latency for thousands of scenarios) traits.
Progress Apama customers are generally distinguished by a desire to leverage the product’s rapid application development (RAD) tools to build unique trading or trading-related applications that allow them to incorporate their own business logic, rather than packaged, off-the-shelf applications. While the company’s early market adoption has been in capital markets, Progress Apama has also established penetration outside financial sectors in other event-driven environments.
Other sectors are telecommunications, supply chain/logistics, energy grid monitoring, manufacturing process monitoring, retail banking fraud detection, entertainment (i.e., gaming surveillance), and other areas. For example, when it comes to telecommunication providers’ revenue assurance, a CEP platform could monitor the billing of several million subscribers across multimedia channels (i.e., voice/video, data, content, and unlimited multimedia messaging service [UMMS]), to prevent revenue loss in real-time.
A sampling of Apama customers, those that Progress has publicly announced, can be found at the company’s website here. The product’s “sweet spot” and leading presence to date has been in the Capital Markets and Financial Services segments for high frequency trading applications. Apama’s customer profiles range from the largest sell-side firms in the world to smaller, boutique buy-side firms.
Furthermore, Progress Apama now has a worldwide footprint, with deployments in North and South America, throughout Europe, the Middle East, Australia, Japan, and Korea. The product now logically supports some internationalization capabilities. Last but not least (and to be detailed later) Apama has expanded in capability with more CEP functionality, sophisticated development tools, flexible event capture and replay, visual dashboards, and open integration framework, while emphasizing less on just promoting the product’s high performance and scalability (e.g., sub-millisecond latency for thousands of scenarios) traits.
Progress Apama customers are generally distinguished by a desire to leverage the product’s rapid application development (RAD) tools to build unique trading or trading-related applications that allow them to incorporate their own business logic, rather than packaged, off-the-shelf applications. While the company’s early market adoption has been in capital markets, Progress Apama has also established penetration outside financial sectors in other event-driven environments.
Other sectors are telecommunications, supply chain/logistics, energy grid monitoring, manufacturing process monitoring, retail banking fraud detection, entertainment (i.e., gaming surveillance), and other areas. For example, when it comes to telecommunication providers’ revenue assurance, a CEP platform could monitor the billing of several million subscribers across multimedia channels (i.e., voice/video, data, content, and unlimited multimedia messaging service [UMMS]), to prevent revenue loss in real-time.
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