Enterprise middleware vendor WS02 is launching a Complex Event Processing (CEP) system, powered by open source technology.
“The CEP engine is all about taking events and spotting patterns in them,” Paul Fremantle, WSO2 co-founder and CTO, told InternetNews.com. “An example could be, did I get more than three credit card transaction within a minute, which could be an indicator of fraudulent activity.”
Freemantle noted that beyond fraud detection, CEP is useful for monitoring and alerting as well as algorithmic trading. As part of WS02 overall Carbon middleware platform, Freemantle said users would be able to create queries for any data occurring on Carbon.
WS02’s CEP engine is based on the open source Drools Fusions project, which is led by Red Hat’s JBoss division. Red Hat currently provides Drools Fusion as a technology preview as part of the JBoss Business Rules Management System (BRMS) 5.1 release, which debuted at the end of 2010. Freemantle noted that he has had very positive experiences working with the JBoss community.
