Cambridge, MA, September 23, 2004 — Cambridge Technology Enterprises (CTE) Inc., the leader in Real-Time Event Processing and Decision Management Solutions, today announced the immediate availability of Correlator 2.0.2, the latest version of the company's XML-based Real-Time Event Processing engine.

Correlator enables applications that help businesses track Key Performance Indicators (KPIs) in real-time. By constantly monitoring business events and correlating them with related information, Correlator applications help the enterprise monitor the health of their businesses in real-time.

Correlator applications enable organizations use up-to-date information to progressively remove delays in the management and execution of their business processes. Using state-of-the-art technology, Correlator applications help organizations stay proactive by anticipating problems before they occur, and seize opportunities before they are lost, thereby delivering competitive advantage to these enterprises.

According to Gartner Research, “By applying RTE, time-based transformation, enterprises will improve their profitability by 15 to 25 percent.” And Correlator has been designed to help enterprises do exactly that.

Correlator applications collect events, process them according to rules set by users and alert the right people when action is needed. By analyzing information in real-time or at the speed at which it is available, Correlator enables real-time event processing.

“CTE has compiled an exceptional track record at delivering Real-Time Enterprise solutions to the Federal sector and is well on its way to repeating its success in the commercial sector. Businesses today are demanding real-time applications and this new release of Correlator has features built to address this,” says Bhaskar Panigrahi, CEO, CTE, Inc.

Customers in the public and private sectors have already adopted Correlator and are realizing the benefits. While the technology surrounding Correlator is complex, the way it works is simple and end users can benefit from it with minimal training.

The latest version of the XML-based Real-Time Event Processing engine, Correlator 2.0.2 comes with new features, which include enhanced Model Management Console (MMC), few additional Worksheet Functions, apart from a totally new user Interface. This build of Correlator includes a comprehensive event mapping mechanism that allows a modeler to map a variable number of XML elements from an event XML into a worksheet. In addition to that it includes runtime workbook functions that work on the event data during event processing.

About Cambridge Technology Enterprises Inc.
Cambridge Technology Enterprises (CTE), a CMMI Level 5 next-generation business lifecycle solutions provider, has a focus on building and integrating business applications. CTE’s core competency lies in its collaborative delivery model, a solution delivery approach that aligns business, technical, and user stakeholders; includes partner technologies and services as necessary; and delivers end-to-end solutions on a fixed price and fixed time frame basis.

CTE’s business model is based on a global delivery model foundation, which stays close to the customer and yet optimizes the value of the solution offered.

For more information, please visit www.ctepl.com, or e-mail us at info@ctepl.com.