Feeds

German software giant plucks London software outfit

my-Channels is now Software AG's

Internet Security Threat Report 2014

Software AG has hoovered up a UK-based messaging software developer founded by a bunch of Deutsche Bank alumni.

The German enterprise software vendor has bought out 13-year old London-based my-Channels for a sum reportedly in the low double digits of million euros.

my-Channels' "extremely fast (low latency) messaging software" - Nirvana - will be integrated into Software AG's platform to create a "unique universal messaging layer", the German firm said.

Striving for a hat-trick of industry buzz words, Software AG said this would be a major step in its "strategy for the in-memory management of big data" and would allow customers to stream large volumes of data to anyone, anywhere and on any device. A sort of Martini Rosso of messaging platforms, if you will.

my-Channels was founded in 1999, and has its roots squarely in the work of finance technology. Key staff, including CEO Paul Brant, COO Eddie McDaid, and architect Matthew Buckton, previously worked at Deutsche Bank.

It claims its platform is capable of "streaming hundreds of thousands of messages to many thousands of clients within microseconds" and that it is used by banks accounting for 40 per cent of the global foreign exchange market. The technology should find its way into Software AG's platform by the end of this year.®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Docker's app containers are coming to Windows Server, says Microsoft
MS chases app deployment speeds already enjoyed by Linux devs
'Hmm, why CAN'T I run a water pipe through that rack of media servers?'
Leaving Las Vegas for Armenia kludging and Dubai dune bashing
SDI wars: WTF is software defined infrastructure?
This time we play for ALL the marbles
'Urika': Cray unveils new 1,500-core big data crunching monster
6TB of DRAM, 38TB of SSD flash and 120TB of disk storage
Facebook slurps 'paste sites' for STOLEN passwords, sprinkles on hash and salt
Zuck's ad empire DOESN'T see details in plain text. Phew!
Windows 10: Forget Cloudobile, put Security and Privacy First
But - dammit - It would be insane to say 'don't collect, because NSA'
Oracle hires former SAP exec for cloudy push
'We know Larry said cloud was gibberish, and insane, and idiotic, but...'
Symantec backs out of Backup Exec: Plans to can appliance in Jan
Will still provide support to existing customers
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.