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Microsoft is continuing to move some of its SQL Server capabilities to the cloud and turn them into services. The latest: Complex event processing, a capability thats codenamed Austin.



From All About Microsoft:
But back to the new Austin. Austin will be the service version of the StreamInsight complex-event-processing capabilities that are in SQL Server today. Complex event processing “enables real time insight into vast volumes of streaming data,” according to Microsoft’s explanation, which is distinct from, but related to, business intelligence, which “enables analytics and insight into a set of existing data to inform future decision making.”

Austin is being released in private Community Technology Preview (CTP) form now, but will be available as a public CTP, available from the SQL Azure Labs Site, in the second half of the year, the Softies told attendees of the TechEd 2011 conference this week. Microsoft isn’t sharing publicly a release target for the final version of Austin.
  Microsoft readies 'Austin,' an Azure-hosted event-processing service