Prne
September 29th, 2009
BILLERICA, Massachusetts -
Vertica continues to share tangible proof points of its rising leadership in the data warehouse market by announcing today the signing of its 100th customer. This achievement firmly establishes Vertica as the fastest growing company in the data warehouse market.
Since its launch in 2007, some of the world’s largest organizations — such as Comcast, JP Morgan Chase and Verizon — as well as aggressive smaller companies have deployed the Vertica Analytic Database to solve large-scale business intelligence problems at a fraction of the time and cost of traditional database systems and proprietary data warehouse appliances.
The competitive advantage these customers have gained with this new-generation technology is a key reason why Vertica hit the 100 customer milestone in significantly less time than previous generation data warehouse vendors such as Netezza.
With triple digit sales growth last year, Vertica’s customer roster has grown to include the best and brightest in communications, financial services, marketing, retail, healthcare and Internet companies. Vertica has also expanded globally winning new customers outside the U.S., such as Europe’s BlueCrest Capital Management, Nevis and Australia-based nMetrics.
Merv Adrian (www.itmarketstrategy.com/), market analyst and blogger at IT Market Strategy said of Vertica in a recent blog post: “The true test of credibility for a company in an emerging space is its ability to deliver features to customers, and keep them happy. Vertica has invested steadily and wisely to ramp up sales and marketing efforts. Marketing is a critical component, but punchy campaigns and flashy Web sites mean nothing unless companies buy and keep investing in a technology. Vertica has proven that it is delivering what enterprises want — fast database technology that solves real-world business problems.”
For example, Pink OTC Markets Inc., the company that operates the OTCQX and Pink Sheets over-the-counter equity marketplace, has slashed the time it takes to generate market reports from hours to seconds while also saving big on reduced hardware and programming costs with Vertica. Similarly, contemporary apparel and consumer products manufacturer Guess?, Inc. has selected Vertica to analyze dozens of terabytes of point-of-sale (POS), manufacturing, inventory, customer and store performance data in several global data centers. And market intelligence firm Diio is enabling airlines to make wiser network planning decisions and potentially greater profits, thanks in part to its use of the Vertica Analytic Database.
The Vertica Analytic Database relies on a unique columnar, MPP architecture and pioneering data compression to reduce storage requirements for customers’ data warehousing and BI software by as much as 90 percent, dramatically cutting hardware overhead and energy consumption so customers can analyze larger amounts of data at a fraction of the cost. The Vertica Analytic Database can operate directly on that compressed data, delivering query results 50 to 200 times faster than other databases.
“The market no longer questions whether we need a new kind of database system to solve today’s new business challenges. Our remarkable customer acquisition rate fueled by both large and rapidly growing companies is evidence of that. Our technology is proven and delivering real business value for customers today,” said Ralph Breslauer, president & CEO of Vertica.
About Vertica
Vertica Systems is the market innovator for high-performance analytic database management systems that run on industry-standard hardware. Co-founded by database pioneer Dr. Michael Stonebraker, Vertica has developed column-oriented analytic database technology with an MPP architecture that lets companies of any size store and query very large databases orders of magnitude faster and more affordably than other solutions. The Vertica Analytic Database is available as software only, as a hardware based appliance, as a virtual appliance on VMware or online as a cloud computing solution. The technology’s unmatched speed, scalability, flexibility and ease of use helps customers like JP Morgan Chase, Verizon, Mozilla, Comcast, Level(3) Communications and Vonage capitalize on business opportunities in real time. Vertica is headquartered in Billerica, Mass. For more information, visit the company’s Web site at www.vertica.com.
Source: Vertica Systems
Ed Marshall of Beaupre & Co. Public Relations for Vertica Systems, +1-603-559-5816, emarshall at beaupre.com, www.beaupre.com
Filed under Computer / Electronics, Technology | Tags: Billerica, Massachusetts, United Kingdom, Vertica Systems, Why | Comment Below
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