SOURCE: TIBCO Software Inc.
PALO ALTO, CA--(Marketwired - Apr 4, 2014) - TIBCO Software Inc. (NASDAQ: TIBX) today announced that TXOdds, the global leader in real-time betting data, has selected TIBCO StreamBase® to power its new, innovative generation of zero-latency odds analytics.
TXOdds is the leading provider of zero-latency odds data for a global network of betting markets. The new TXOdds data service provides real-time betting analytics discovered using the StreamBase® Event Processing platform. With TXOdds analyzing fluctuations in lines that represent opportunities or trouble in over 50 betting markets in real time, subscribers can quickly identify, understand, and act accordingly on that data.
"Today, 80% of the world's betting decisions are made in real time," said Einar Knobel, chief executive officer, TXOdds. "Our firm is a leader in providing streaming betting data to our subscribers, so it was only fitting that we employ a stream-based solution for our new, innovative betting analytics. The biggest value of TIBCO StreamBase is how quickly we were able to obtain these innovative odds analytics -- we deployed in months what would have taken years with traditional programming tools such as Java or .NET."
"Online betting is a great example of an industry in which technology is changing -- now, you need to be real time to compete," said Mark Palmer, general manager, TIBCO StreamBase. "By deploying a rapid analytics development platform like StreamBase, TXOdds has brought an innovative service to market quickly, establishing a huge competitive advantage for the firm with unique analytics that help players gain instant benefits."
TIBCO Software Inc. (NASDAQ: TIBX) is a global leader in infrastructure and business intelligence software. Whether it's optimizing inventory, cross-selling products, or averting crisis before it happens, TIBCO uniquely delivers the Two-Second Advantage® -- the ability to capture the right information at the right time and act on it preemptively for a competitive advantage. With a broad mix of innovative products and services, TIBCO is the strategic technology partner trusted by businesses around the world. Learn more about TIBCO at www.tibco.com.
TIBCO, Streambase, Two-Second Advantage, and TIBCO Software are trademarks or registered trademarks of TIBCO Software Inc. or its subsidiaries in the United States and/or other countries. Other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.