TIE Technologies Signs Teaming Agreement With Informatica
Source: http://smallcapvoice.com/blog/tie-technologies-signs-teaming-agreement-with-informatica/Posted on Tuesday, November 3rd, 2009 | In Investing Lessons, Small & Micro Cap
NEW YORK, Nov. 3, 2009 (GLOBE NEWSWIRE) — TIE Technologies, Inc. (Pink Sheets:TTCS), a leading developer of advanced communication technologies designed to improve connectivity, productivity, and communication, today announced it has signed a Teaming Agreement with Informatica’s Complex Event Processing (CEP) business unit, formerly Agent Logic.
TIE Technologies and Informatica have now commenced the design and configuration for Informatica RulePoint software to be incorporated into TIE’s ACUMEN architecture. Solutions built on the ACUMEN architecture deliver improved situational awareness by automating data correlation, dissemination, and anomaly detection processes. They also enable inter-agency information sharing for critical infrastructure protection and assist in coordinating risk, security and emergency operations for localized or larger scale incidents.
One of the first results of bringing these cutting edge technologies together will be the roll out of a new integrated Airport security and safety system solution. This technology agnostic platform will incorporate various sensor and communications technologies from TIE as well as other third party providers.
Complex Event Processing enables enterprises to rapidly detect, correlate, analyze and respond to data-driven events. CEP software is one of the fastest growing IT categories, and is estimated by industry analyst group IDC to grow by a compound annual growth rate of 55% from 2008 to 2012.
Informatica, the number one independent provider of data integration software, acquired Agent Logic, a leader in CEP in September 2009. Informatica CEP technology distinguishes itself by its simplicity, versatility and integrated alerting capability. RulePoint enables business users within the organization to create user-defined rules that find actionable intelligence on their behalf, by monitoring available data sources such as message queues, databases, telemetry feeds and control systems.
Graham Mew, TIE Technologies, Executive Vice President commented, “TIE’s ACUMEN architecture is designed to meet the current need for smart systems that require event-based intelligence. The incorporation of Informatica Complex Event Processing provides the ability to correlate, analyze and understand a more diverse set of data in order to more accurately detect and respond to real-time events. Together we look forward to meeting and exceeding the expectations of an exciting new universe of customers.”
ABOUT TIE TECHNOLOGIES INC.
TIE Technologies is a systems integration and telecommunications company focused on engineering and delivering innovative solutions for user’s needs and challenges within the dynamic global voice, video and data communications markets. The company offers managed IT and telecommunication services to solve a myriad of complex client requirements. Services and solutions include out sourced and internal server, applications hosting, managed hosting and related systems management services, database hosting, content delivery networks, data broadcasting networks, and voice and video solutions providers. TIE Technologies (TIE) is traded on the Pink Sheets under the symbol “TTCS“. For more information visit www.tietechnologies.com
Note: TIE Technologies and ACUMEN are trademarks or registered trademarks of TIE Technologies, Inc. in the United States and in jurisdictions throughout the world. All other company and product names may be trade names or trademarks of their respective owners.
The TIE Technologies, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6435
Safe Harbor Statement
The information in this release, other than historical information, may be considered forward-looking statements within the provisions of the Private Securities Litigation Reform Act of 1995. Projection and other forward-looking statements and management expectations regarding future events and/or financial performance of the Company — although given in good faith — are inherently uncertain and actual events and/or results may differ materially.
CONTACT:
Total Communications
212-949-3400
investor.relations@tietechnologies.com
WWW.TIETECHNOLOGIES.COM
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