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GridGain® Continues Strong Momentum in 2017 as Demand for Its In-Memory Computing Platform Drives 84 Percent Sales Growth

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GridGain Continues to Dominate Industry, Offering Product Innovations, Hosting Vital Industry Conferences and Earning Major Industry Awards

 

FOSTER CITY, Calif., Jan. 24, 2018 (GLOBE NEWSWIRE) -- GridGain® Systems, provider of enterprise-grade in-memory computing solutions based on Apache® Ignite(TM), today announced continuing strong momentum throughout 2017. Key achievements during the year included 84 percent year-over-year growth in sales, major product innovations, continued growth of the popular In-Memory Computing Summit®, and numerous industry accolades.

Growth

  • 2017 sales surged 84 percent compared to 2016, driven by a mix of new and repeat orders from leading companies in industries including financial services, fintech, online travel services, telecommunications, web-scale online business services, and healthcare.
  • Headcount increased 73 percent during 2017, as GridGain expanded its presence in Western Europe, North America and the CIS region, with major staff additions in sales, professional services, development and customer support.

Awards

Products and Services

  • GridGain 8.1 expanded the bounds of in-memory computing with a next-generation memory-centric architecture that leverages ongoing advancements in memory and storage technologies. GridGain 8.1 extends the unique SQL capabilities of the GridGain platform with expanded SQL Data Definition Language (DDL) capabilities added to its existing DML support. The release provides optimal performance on hybrid memory/disk infrastructures using a new Persistent Store feature. For organizations using Persistent Store in production, the new GridGain Ultimate Edition includes backup features which are highly recommended when deploying in mission-critical environments.
  • GridGain Professional Edition 2.0, a fully supported version of Apache Ignite 2.0, was introduced. The release includes new functionality, which significantly improves performance and simplifies the integration requirements for use cases where distributed, in-memory computing can dramatically improve the speed and scalability of data-intensive applications. New functionality includes a durable memory architecture that extends support beyond RAM to now include solid-state drives (SSDs) and flash memory, and helps eliminate noticeable Java garbage collection (GC) pauses. The release also added support for the Spring Data API, enhanced .NET and C++ functionality, and more.
  • Earlier in the year, GridGain Professional Edition 1.9 was released, improving performance and adding automated benchmarking, Kubernetes® support for deploying containerized Apache Ignite clusters, expanded support for data manipulation language (DML), and more.
  • The GridGain In-Memory Computing platform obtained certifications from Hortonworks and Tableau and joined their respective technology partnership programs. These partnerships make it easier for enterprises to launch high performance Big Data systems built on Hortonworks that leverage in-memory computing. Enterprises will also now be able to visualize in-memory data held in GridGain using Tableau.

In-Memory Computing Thought Leadership

  • In 2017, GridGain expanded its highly anticipated In-Memory Computing Summit®, now offering two events each year, one in Europe and one in North America.
  • The first annual In-Memory Computing Summit Europe took place June 20-21, 2017 at the Mövenpick Hotel Amsterdam City Centre. More than 200 attendees from 24 countries heard keynotes and breakout sessions on a broad range of in-memory computing topics. Presenters included representatives from ING, Barclays, Finastra, NetApp, Fujitsu, JacTravel and more.
  • The third annual In-Memory Computing Summit North America took place October 24-25, 2017, at the South San Francisco Conference Center. With nearly 400 registrants, the conference included keynotes and breakouts sessions by representatives from Sberbank, Workday, Wellington Management, the Storage Networking Industry Association (SNIA) and more.
  • GridGain will host the second annual In-Memory Computing Summit Europe June 25-26, 2018 at the Park Plaza Victoria London. The Call for Papers for the conference will end on March 11, 2018. 
  • GridGain demonstrated 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. The company hosted a variety of webinars and workshops, participated in several industry conferences, and organized or attended dozens of local meetups.

"2017 was the year when in-memory computing achieved mainstream adoption for accelerating and scaling out data-intensive applications driven by digital transformation, omnichannel customer experience, and real-time financial regulations," said Abe Kleinfeld, president and CEO of GridGain. "2018 will be another exciting year as companies continue their pursuit of digitalization and deeper real-time insights, further accelerating demand for in-memory computing solutions. GridGain will continue to build on its industry and thought leadership, delivering new innovations, solutions and the learning opportunities enterprises need to leverage next-generation memory-centric architectures for their most challenging, data-intensive applications."

About GridGain® Systems
GridGain Systems is revolutionizing real-time data access and processing by offering enterprise-grade in-memory computing solutions built on Apache® Ignite(TM). GridGain solutions are used by global enterprises in financial, software, ecommerce, retail, online business services, healthcare, telecom and other major sectors. GridGain solutions connect data stores (SQL, NoSQL, and Apache® Hadoop®) with cloud-scale applications and enable massive data throughput and ultra-low latencies across a scalable, distributed cluster of commodity servers. GridGain is the most comprehensive, enterprise-grade in-memory computing platform for high volume ACID transactions, real-time analytics, and hybrid transactional/analytical processing. For more information, visit gridgain.com.

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

GridGain is a trademark or registered trademark of GridGain Systems, Inc. Apache,  Apache CassandraCassandra, 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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