Progress Software's ObjectStore Division Becomes Progress Real Time.BEDFORD, Mass. -- Offers Full Range of Solutions for the Real-Time Enterprise Progress Software Corporation (PSC (Public Service Commission) Same as PUC. ) (Nasdaq: PRGS PRGS Phosphoribosylglycinamide Synthetase ), a global supplier of software infrastructure used to develop, deploy, integrate and manage business applications, today announced a new name, the Progress Real Time Division, for the unit formerly called the ObjectStore Division. The Progress Real Time Division provides event stream processing Event Stream Processing, or ESP, is a set of technologies designed to assist the construction of event-driven information systems. ESP technologies include event visualization, event databases, event-driven middleware, and event processing languages, or complex event , data management, data access and synchronization (1) See synchronous and synchronous transmission. (2) Ensuring that two sets of data are always the same. See data synchronization. (3) Keeping time-of-day clocks in two devices set to the same time. See NTP. products to enable the real-time enterprise. The division includes the recent acquisitions of Persistence Software and Apama, Inc., and the integration of PeerDirect, creating a comprehensive source of real-time enterprise products. The Progress Real Time Division products enable organizations to simultaneously analyze and respond to multiple streams of data feeds, as well as provide a new class of data management infrastructure designed to meet the needs of the distributed, service-oriented applications that drive the real-time enterprise. Representative products include Progress(R) Apama(R) Trading Strategy In finance, a trading strategy (see also trading system) is a predefined set of rules to apply. Usually, this refers to a means used to replicate an option in order to give it an arbitrage free value in the sense that the cost of buying some financial assets to give the same Management Platform for Algorithmic Trading Algorithmic Trading A trading system that utilizes very advanced mathematical models for making transaction decisions in the financial markets. The strict rules built into the model attempt to determine the optimal time for an order to be placed that will cause the least amount of , Progress(R) RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. , Progress(R) EdgeXtend(R) for data caching and object-relational mapping See O-R mapping. , Progress(R) PeerDirect(R) for heterogeneous database synchronization, and Progress(R) ObjectStore(R) for object data management. "The Progress Real Time Division's pioneering Event Stream Processing (ESP (1) (Enhanced Service Provider) An organization that adds value to basic telephone service by offering such features as call-forwarding, call-detailing and protocol conversion. ) technology is used by companies around the world to manage applications such as algorithmic trading and RFID," said Peter Sliwkowski, president, Progress Real Time Division. "By combining ESP with solutions that deliver the best in high-performance object data management, access and synchronization, the Progress Real Time Division offers an unrivaled line of products for the real-time enterprise." About Progress Real Time Division The Progress Real Time Division provides event stream processing, data management, data access and synchronization products to enable the real-time enterprise. Our products monitor and analyze real-time event stream data for applications such as algorithmic trading and RFID; accelerate the performance of existing databases through sophisticated caching; manage and process complex data in the industry's leading object database; and support occasionally connected or mobile users requiring real-time access to enterprise applications. Progress Real Time is an operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of Progress Software Corporation (Nasdaq: PRGS), a global software industry leader. Headquartered in Bedford, Mass., Progress Real Time can be reached at www.progress.com/realtime or +1-781-280-4000. About Progress Software Corporation Progress Software Corporation (Nasdaq: PRGS) is a global industry leader providing application infrastructure software for all aspects of the development, deployment, integration and management of business applications through its operating units: Progress OpenEdge Division, Sonic Software, DataDirect Technologies, and Progress Real Time Division. Headquartered in Bedford, Mass., Progress can be reached at www.progress.com or +1-781-280-4000. Progress, ObjectStore, Apama, EdgeXtend and PeerDirect are trademarks or registered trademarks of Progress Software Corporation or one of its affiliates or subsidiaries in the U.S. and other countries. Any other trademarks or service marks contained herein are the property of their respective owners. |
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