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GridGain® Continues In-Memory Computing Industry Leadership in 2018

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GridGain Continues Rapid Growth, Delivers Product Innovations, Hosts Vital Industry Conferences and Earns Top Industry Accolades

 

FOSTER CITY, Calif., July 18, 2018 (GLOBE NEWSWIRE) -- GridGain® Systems, provider of enterprise-grade in-memory computing solutions based on Apache® Ignite(TM), today announced continuing strong momentum for the first half of 2018. Key achievements during the first half of the year included more new customer wins in the first half of 2018 than in all of 2017, launching major new products including GridGain Professional Edition 2.4 and GridGain Cloud, winning several top industry accolades, and driving continued growth of the popular In-Memory Computing Summit® in Europe.

Growth

  • New customer acquisition surged during the first half of 2018 with the company acquiring 40 percent more new customers than were signed in all of 2017. New customers acquired in 2018 include leading companies in financial services, transportation, telecommunications, retail, healthcare, government, adtech and more.
  • The company continued its worldwide expansion, opening a sales office in China and doubling its sales team in Europe.

Product Innovation

  • GridGain unveiled GridGain® Professional Edition 2.4, a significant product update that introduced a new Continuous Learning Framework to the company's in-memory computing platform. The Continuous Learning Framework includes machine learning and a multilayer perceptron (MLP) neural network that enable companies to run machine and deep learning algorithms against their petabyte-scale operational datasets in real-time. GridGain also enhanced its native Apache® Spark(TM) integration to include storage and management of Spark DataFrames.
  • GridGain announced the beta release of GridGain Cloud. GridGain Cloud is the only in-memory cache-as-a-service that allows users to rapidly deploy a distributed in-memory cache and access it using ANSI-99 SQL, key-value or REST APIs. The result is in-memory computing performance in the cloud, which can be deployed in minutes and massively scaled out. A free trial of the GridGain Cloud beta is available by visiting https://cloud.gridgain.com/

Awards

In-Memory Computing Thought Leadership

  • GridGain founded and produces the world's leading in-memory computing conferences. The second annual In-Memory Computing Summit Europe took place June 25-26, 2018 at the Park Plaza Victoria London. More than 300 registrants from 22 countries heard speakers from ING, FSB Technology, 451 Research, CG Consultancy, ScaleOut Software, the Storage Networking Industry Association (SNIA), GridGain and many more. The speakers explored the key developments and trends related to in-memory computing, discussed the challenges and successes they experienced when accelerating their data-intensive applications, offered practical advice on in-memory computing deployment strategies, and described how in-memory computing is helping drive digital transformation.
  • The fourth annual In-Memory Computing Summit North America will take place October 2-3, 2018 at the Hyatt Regency San Francisco Airport.
  • GridGain hosted a variety of webinars and workshops worldwide, participated in several industry conferences, and organized or attended dozens of local meetups - all as part of its ongoing commitment to helping businesses understand how in-memory computing can help them address the speed and scale requirements of modern, data-intensive applications.

Quote 
"GridGain is rapidly emerging as a leading software platform for enabling the digital enterprise," said Abe Kleinfeld, president and CEO of GridGain. "GridGain is also embedded in a growing number of widely-adopted enterprise applications from major software vendors. Combined, GridGain is in use by nearly half of the Fortune 500."

About GridGain® Systems
GridGain Systems is revolutionizing real-time data access and processing by offering an in-memory computing platform built on Apache® Ignite(TM). GridGain solutions are used by global enterprises in financial, software, e-commerce, retail, online business services, healthcare, telecom and other major sectors, with a client list that includes Barclays, ING, Sberbank, Finastra, IHS Markit, Workday, and Huawei. The GridGain in-memory computing platform delivers unprecedented speed and massive scalability to both legacy and greenfield applications. Deployed on a distributed cluster of commodity servers, GridGain software can reside between the application and data layers (RDBMS, NoSQL and Apache® Hadoop®), requiring no rip-and-replace of the existing databases, or it can be deployed as an in-memory transactional SQL database. GridGain is the most comprehensive in-memory computing platform for high-volume ACID transactions, real-time analytics, web-scale applications, artificial intelligence, and continuous learning and HTAP. The GridGain Cloud is a hosted in-memory computing solution for use cases that require powerful yet very easy-to-deploy solutions with SQL support. For more information, visit gridgain.com.

CONTACT:
Terry Erisman
GridGain Systems
terisman@gridgain.com
(650) 241-2281

GridGain and the In-Memory Computing Summit are trademarks or registered trademark of GridGain Systems, Inc. Apache, Apache Hadoop, Hadoop, Apache Ignite, and Ignite are trademarks of The Apache Software Foundation. All other product and company names herein may be trademarks of their registered owners.




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: GridGain Systems via Globenewswire

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