Visualisation specialist Panopticon Software is being acquired by Datawatch, in an all stock deal valued at $31.4 million. The deal should close by the end of September, subject to Datawatch shareholder approval. Before agreeing this deal, sources say that Panopticon was in discussions with partner SAP to be acquired by that company.
Datawatch focuses on “information optimisation” with a platform that can extract data – structured, semi-structured and unstructured – stored in many formats, such as in databases, EDI streams and PDF files, model it and make a unified view available across enterprises. The company cites performance and financial analysis, analysis and distribution of broker reports, and meeting compliance goals as solutions it has in place for the financial services vertical.
The addition of Panopticon will bring Datawatch a highly functional visualisation capability, with a heavy focus on financial markets applications, notably analysis of realtime market data – characterised by some as ‘big data in motion’.
Datawatch believes that by “associating all relevant data in a visually-rich, real-time analytical environment enables businesses 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.”
As well as technology, Panopticon also brings a number of financial markets partnerships to Datawatch, including with Thomson Reuters, Kx Sytems and SAP.
Indeed, Panopticon often teamed with SAP in marketing initiatives for SAP’s HANA in-memory database and sources say the two companies were in acquisition discussions that ended fairly recently. Panopticon did not respond to an email seeking comment.
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