Coral8 and Sybase Announce Reseller Agreement

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Coral8, Inc., a leading provider of Complex Event Processing (CEP) software, today announced a reseller agreement with Sybase that will enable global organizations to easily implement high-impact, next generation event-driven applications within their enterprise information fabric. The reseller agreement allows Sybase to offer the Coral8 Engine and Portal as a general purpose CEP platform in conjunction with any Sybase® solution globally.

The joint solutions delivered by the collective Sybase and Coral8 products will enable the continuous flow of information and intelligence to critical decision-makers and action-takers throughout any enterprise. The high performance continuous processing engine of Coral8 coupled with the superior information management and delivery software of Sybase provides a manageable, flexible and scalable solution architecture for easy deployment of real-time business applications with rapid change to the needs of the business.

Customers can take advantage of the joint Coral8–Sybase application for low-latency, high-speed financial trading applications, as well as intra-day risk analytics, model development and backtesting.

As announced at the SIFMA Technology Management Conference in New York on June 10, two companies have integrated the Coral8 Engine and Sybase RAP – The Trading Edition™ for high-speed, high volume financial trading applications. The integrated solution offers a “closed loop” financial trading application environment where trading strategies and risk models can be quickly developed, rapidly back-tested, easily deployed, and continually tuned to the needs of trading operations in a real-time, high volume information architecture. The solution can effectively analyze, integrate and manage the large volumes of real-time, near-time and historical data necessary to deliver competitive advantage in today’s fast moving financial markets.

“The combination of the Coral8 CEP platform and Sybase information management will enable us to deliver a rich, continuous flow of critical information in the financial trading environment,” said Steve Capelli, President of Sybase Field Operations. “The partnership and integrated offering between our two companies is already delivering value to a large investment services provider here in the U.S.”

“The combined Sybase and Coral8 solutions will enable customers to create a new class of information applications that continually monitors the pulse of the operations and customer interactions,” said Terry Cunningham, CEO, Coral8, Inc. “This partnership will deliver competitive advantage to our joint customers in financial trading as well as introduce these benefits to a wide array of industry solutions.”

About Coral8 Engine

Coral8 Engine provides developers with an innovative yet familiar platform and tools to harness the power of CEP and create a real-time business. Coral8 Engine is the industry’s fastest platform for developing next generation CEP applications, and provides a scalable, manageable platform to deploy these real-time CEP applications anywhere and everywhere in the organization.

About Coral8 Portal

Coral8 Portal extends the power of real-time information from CEP applications to business users anywhere in the enterprise. Powered by Coral8 Engine, Coral8 Portal features a manageable, self-service environment that allows users to run on-demand parameterized queries and display streaming output in an easy-to-use and customizable fashion – via charts and graphs as well as the ability to create alerts to critical situations.

About Coral8

Based in Mountain View, Calif., Coral8, Inc. is a leading provider of software for Complex Event Processing (CEP). Bringing together high-performance, an innovative SQL-based programming language and enterprise-class features, the Coral8 Engine is the fastest, lowest cost way to build and deploy powerful, sophisticated CEP applications. Coral8 is speeding the delivery of critical business information for customers worldwide, including Fortune 500 companies and global leaders within financial services, e-commerce, telecommunications, transportation, government and other rapidly growing vertical applications. For more information, visit www.coral8.com or call (650) 210-3810.

About Sybase, Inc.

Sybase is the largest enterprise software and services company exclusively focused on managing and mobilizing information. With our global solutions, enterprises can extend their information securely and make it useful for people anywhere using any device. The world's most critical data in commerce, communications, finance, and government runs on Sybase. For more information, visit http://www.sybase.com.

Join us August 4-8 at Mandalay Bay Resort and Casino in Las Vegas for TechWave 2008, Sybase’s annual user conference. For more information, visit http://www.sybase.com/techwave.

Sybase and RAP – The Trading Edition are trademarks or registered trademarks of Sybase, Inc. All other company and product names mentioned may be trademarks of the respective companies with which they are associated.