26 May 2015

Datawatch agrees Panopticon acquisition

18 June 2013  |  2511 views  |  0 Dealing Room

Datawatch has agreed to buy Swedish real-time visual data discovery specialist Panopticon Software for around $31.4 million in stock.

Panopticon claims 12 of the world's 15 largest financial institutions among the clients for its data visualisation software, which helps monitor performance, analyse risk, detect fraud, and identify anomalies in vast amounts of real-time data.

US firm Datawatch says that the integration of Panopticon's software makes it the first company to deliver real-time analytics and discovery by accessing the industry's broadest variety of data types simultaneously.

The Panopticon software aims to bring all relevant data in a visually-rich, real-time analytical environment to enable customers like Citi and HSBC to isolate and resolve problems as they occur, perceive hidden patterns, track emerging market trends, and identify opportunities for competitive advantage and improved business processes.

Michael Morrison, CEO, Datawatch, says: "This acquisition will immediately benefit our combined customers, partners and prospects by allowing them to accelerate the development and deployment of solutions that use the wide variety of data formats and sources present in every organisation."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

11 June, 2013
10 May, 2013

Related company news

 

Top topics

Most viewed Most shared
Cash overtaken by non-cash payments in the...
7329 views comments | 48 tweets | 31 linkedin
UK opts out of European online payments se...
6716 views comments | 21 tweets | 15 linkedin
MasterCard launches personal payments serv...
6304 views comments | 15 tweets | 30 linkedin
Bigger banks may have to set up their own...
5092 views comments | 35 tweets | 28 linkedin
Metro Bank to offer consumer loans via Zop...
5013 views comments | 29 tweets | 21 linkedin

Featured job

to £120K base ($185K base) + bonus, benefits
London or New York City (UK or USA)

Find your next job