Panopticon Software

Panopticon Software (now part of Altair Data Analytics) was a

multi-national data visualization software company specializing in
Panopticon Software
monitoring and analysis of real-time data. The firm was (now part of Altair
headquartered in Stockholm, Sweden. It partnered with software Engineering)
companies, including SAP, Thomson Reuters, Kx Systems, and
One Market Data (OneTick). The company's name is derived from
the Greek: 'pan' for all, 'optic' for sight. The company name is Logo following acquisition by
derived from the word panopticon which is an architectural Datawatch
concept originally intended to facilitate surveillance of prisons. Public
Type
In December 2018, Panopticon was acquired by Altair Industry Computer
Engineering as part of its acquisition of Datawatch Corporation.[1] software
Founded Stockholm,
Panopticon Software was a key player in the data visualization Sweden (1999)
sector along with for example Qliktech, Tableau Software and
Founder Willem De Geer,
Tibco Software.[2] Its Swedish origins are shared with GapMinder,
Markus Skyttner,
Qliktech and Spotfire, making Sweden a centre for Information Ludvig Sandman,
Visualization research and development. Sam Giertz
Panopticon products are optimized for use with real-time data Headquarters Troy, MI, USA
message buses, complex event processing engines, relational Number of 48 (Worldwide)
databases, and column-oriented databases and is widely used to locations
support electronic trading operations within global banks, asset North America,
Area served
managers, and exchanges. Panopticon tools are also often South America,
embedded in other enterprise applications using the company's Europe, Asia,
software development kit. Africa
Products Panopticon
History Streaming
Analytics Platform
The company was founded in 1999 as a wholly owned subsidiary Website Altair Data
of the emerging markets brokerage Brunswick Direct before being Analytics (https://a
spun off as a separate entity in 2002.[3] It later was acquired by the ltair.com/data-anal
UK based Hamsard Group (Hamsard is now known as Cantono ytics)
[4]
Plc), and became a subsidiary of the Group. In March 2007 its
competitor Spotfire undertook negotiations with Hamsard Group, to take full ownership of Panopticon.[5]
This potential deal was not completed,[6] Spotfire pulling out of negotiations, and itself subsequently being
purchased by Tibco.[7] In May 2007 the company was sold back to its founders as part of a management
buyout.[8]

In May 2012, the company announced that QlikTech had partnered with Panopticon to enable QlikTech
clients to embed Panopticon data visualizations into their QlikView dashboards. Panopticon supports
QlikView desktop, web, and mobile interactive dashboards and allows users to filter and interact directly
with real-time data.[9]

In June 2012, the company announced that SAP was utilizing its Panopticon data visualization tools as the
front end for real-time deployments of the SAP HANA in-memory appliance.[10]
In April 2013, Panopticon was selected for inclusion in UBM Tech Channel's CRN 2013 Big Data 100 list.
The Big Data 100 recognizes innovative technology vendors that help businesses manage "Big Data"—the
rapidly increasing volume, variety and velocity of information being generated today. The list covers three
categories: business analytics, data management, infrastructure and services. The Big Data 100 includes
many established vendors as well as startups and specialized suppliers of niche products that help
businesses address Big Data needs.[11]

In April 2013, Panopticon was named a Gartner "Cool Vendor" in the Cool Vendors for In-Memory
Computing 2013 report by Gartner, Inc. The April 23, 2013 report was co-authored by Roy Schulte,
Roxane Edjlali, et al. This is the first year that Gartner has called out In-Memory Computing specifically as
a subject for one of its Cool Vendor reports.[12]

In August 2013, Datawatch Corporation (NASDAQ-CM: DWCH) announced that it had completed its
acquisition of Panopticon Software AB.[13]

In December 2018, Altair Engineering Inc (NASDAQ: ALTR) announced that it had completed its
acquisition of Datawatch Corporation.[14]

Pre-attentive processing
Panopticon is designed to allow analysts to utilize Pre-Attentive Processing to identify anomalies and
outliers in large amounts of fast-changing data. Pre-Attentive Processing is a term from the area of human
cognitive psychology and refers to the ability of the low-level human visual system to rapidly identify
certain basic visual properties. Examples of visual features that can be detected in this way include hue,
intensity, enclosure, orientation, size, and motion.[15][16]

Technology overview
Panopticon's technology relies on in-memory OLAP cubes, which are displayed through a series of
visualizations including treemapping. This allows the user to load data, select variables and hierarchical
structures, and navigate through the resultant visualization, filtering, zooming and drilling (sometimes called
slicing and dicing), to identify outliers, correlations and trends.

Its streaming OLAP implementation takes an in-memory OLAP cube and allows data to be streamed
through it. This combination makes the company's products attractive to industry verticals that require live
streaming data, such as financial market data, utility grid monitoring and telecommunications network
traffic analysis. This is very different than the vast majority of OLAP implementations in which cubes are
rebuilt periodically for new batches of data.[17][18]

This support for streaming data with its products has allowed financial institutions such as JPMorgan
Chase,[19] Citigroup,[20] Citadel, and BlackRock[21] to implement the Panopticon within their real-time
trading and risk applications. Euromoney has stated that it provides the trader community with a way of
quickly digesting information.[22]

References
1. Altair Engineering Inc. (Nasdaq: ALTR) (“Altair”) today announced that it has completed its
previously announced acquisition of Datawatch Corporation (“Datawatch”). Datawatch
provides data intelligence with market leading enterprise data preparation, predictive
analytics and visualization solutions that fuel business analytics. (https://www.altair.com/new
s/altair-engineering-announces-completion-of-the-acquisition-of-datawatch-corporation)
 2. Oracle targets CFOs with Hyperion acquisition (http://www.it-analysis.com/business/content.
php?cid=9318)
3. About Panopticon (https://altair.com/data-analytics/)
4. AIM float to raise £3m for Hamsard (http://www.computerweekly.com/Articles/2005/05/18/210
041/aim-float-to-raise-3m-for-hamsard.htm), Computerweekly.com
5. Cantono PLC (CTNO) - Proposed disposal, EGM notice (http://www.investegate.co.uk/Articl
e.aspx?id=200703071415035170S)
6. Cantono PLC (CTNO) - - Debt for Equity Conv and EGM (http://www.investegate.co.uk/Articl
e.aspx?id=200704120801527352U)
7. TIBCO and Spotfire (https://web.archive.org/web/20080421022049/http://www.tibco.com/co
mpany/spotfire/default.jsp), archived from the original (http://www.tibco.com/company/spotfir
e/default.jsp) on April 21, 2008
8. Final Results CANTONO PLC (http://www.advfn.com/news_Final-Results_23551865.html)
9. Panopticon Software Partners With QlikTech To Provide Real-Time Visual Data Monitoring
And Analysis Dashboards - Partnership Provides The Unique Combination Of Visual
Analysis Capabilities Across Real-Time And Historical Event Analytics Coupled With The
QlikView Business Discovery Platform (http://www.hftreview.com/pg/newsfeeds/hftreview/ite
m/42964/panopticon-software-partners-with-qliktech-to-provide-realtime-visual-data-monitori
ng-and-analysis-dashboards-partnership-provides-the-unique-combination-of-visual-analysi
s-capabilities-across-realtime-and-historical-event-analytics-coupled-with-the-qlikview-busin
ess-discovery-platform)
10. New Real-Time Data Visualization Capabilities for SAP HANA Announced by Panopticon
Software (https://archive.today/20130216173737/http://www.reuters.com/article/2012/06/19/i
dUS194642+19-Jun-2012+MW20120619), archived from the original (https://www.reuters.co
m/article/2012/06/19/idUS194642+19-Jun-2012+MW20120619) on 2013-02-16
11. Panopticon Software today announced it has been included in the UBM Tech Channel's
CRN 2013 Big Data 100 list. The Big Data 100 recognizes innovative technology vendors
that help businesses manage Big Data. (https://www.mondovisione.com/media-and-resourc
es/news/panopticon-selected-for-crn-big-data-100-the-big-data-100-recognizes-innovativ/)
12. Gartner Names Panopticon as Cool Vendor for In-Memory Computing. Panopticon Is
Profiled in Gartner's First Ever Cool Vendor Report Focused on In-Memory Computing; the
Report Was Published on April 23, 2013. (https://online.wsj.com/article/PR-CO-20130430-9
16426.html)
13. Panopticon extends the Datawatch solution to address business users' ubiquitous needs to
understand and extract value from their data through a rich, visual data discovery
experience. (https://finance.yahoo.com/news/datawatch-completes-acquisition-panopticon-2
00100071.html)
14. Altair Engineering Announces Completion of the Acquisition of Datawatch Corporation (http
s://www.altair.com/news/altair-engineering-announces-completion-of-the-acquisition-of-data
watch-corporation)
15. Perception in Visualization by Christopher G. Healey, Department of Computer Science,
North Carolina State University (http://www.csc.ncsu.edu/faculty/healey/PP/index.html)
16. Wolfe, J. M; Treisman, A.; Horowitz, T. S (2010), "What shall we do with the preattentive
processing stage: Use it or lose it?, by Jeremy M Wolfe of Harvard Medical School &
Brigham and Women's Hospital, Anne Treisman of Princeton University, Todd S Horowitz of
Harvard Medical School & Brigham and Women's Hospital" (http://journalofvision.org/3/9/57
2/), Journal of Vision, Journal of Vision, 3 (9): 572, doi:10.1167/3.9.572 (https://doi.org/10.11
67%2F3.9.572)
17. Be Your Own Rocket Scientist (https://web.archive.org/web/20060613153037/http://www.bu
sinessweek.com/investor/content/jun2006/pi20060608_043514.htm), BusinessWeek,
archived from the original (http://www.businessweek.com/investor/content/jun2006/pi200606
08_043514.htm) on June 13, 2006
18. Magma Systems Blog (http://magmasystems.blogspot.com/2007_12_01_archive.html)
19. JPMorgan and Windows Customers Sway Visualization Vendor Toward .NET (http://www.wi
ndowsfs.com/special-features/jpmorgan-and-windows-customers-sway-visualization-vendor
-toward-net)
20. Citigroup uses Panopticon for CDS displays (http://www.risk.net/credit/news/1520821/citigro
up-panopticon-cds-displays)
21. BlackRock Preps Panopticon (http://www.waterstechnology.com/inside-market-data/news/2
169428/blackrock-preps-panopticon?WT.rss_f=News&WT.rss_a=BlackRock+Preps+Panopt
icon)
22. Panopticon Closes Deal with Reuters (http://www.euromoney.com/Article/1000597/Categor
y/16/ChannelPage/8959/Panopticon-closes-deals-with-Reuters.html)

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