In-Memory Computing Company Also Selected for the Database Trends & Applications Trend-Setting Products in Data and Information 2017 List
FOSTER CITY, Calif. – December 8, 2016 – GridGain Systems, provider of enterprise-grade in-memory computing solutions based on Apache® Ignite™, today announced it has been named to the 2016 Red Herring Top 100 Global list, which recognizes the leading private companies from North America, Europe, and Asia and celebrates these startups’ innovations and technologies across their respective industries. GridGain was also selected for the Database Trends & Applications Trend-Setting Products for 2017 list, an annual list of “offerings that promise to help organizations derive greater benefit from their data, make decisions faster, and work smarter and more securely.”
Red Herring Top 100 Global
“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across the globe to the Top 100 Winners. We believe GridGain embodies the vision, drive and innovation that define a successful entrepreneurial venture. GridGain should be proud of its accomplishment.”
Red Herring’s Top 100 Global list has become a mark of distinction for identifying promising companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.
“Being selected to the Red Herring Top 100 Global list further validates our market-leading technology and recognizes our solid execution,” said Abe Kleinfeld, President and CEO of GridGain Systems. “In the era of big data and analytics, we have created a high performance solution – and we have adopted a high performance business model – to enable companies of all sizes across all industries to more easily and cost effectively launch complex data initiatives, achieve unprecedented levels of performance, and compete at web-scale by leveraging in-memory computing.”
Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track records and standing of startups relative to their peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models from around the world.
Based on Apache Ignite, the GridGain in-memory computing platform enables massive scale for data-intensive applications and a 1,000x improvement in performance versus disk-based approaches, without replacing the existing underlying databases. It provides high-speed transactions with ACID guarantees, real-time streaming, and real-time analytics in a single, comprehensive data access and processing layer. GridGain powers existing and new applications with a distributed, massively parallel architecture that runs on affordable, industry-standard hardware, and can be easily scaled by adding more nodes to the grid. The GridGain In-Memory Data Fabric requires minimal or no modifications to the application or database layers for architectures built on RDBMS, NoSQL or Apache™ Hadoop® databases.
GridGain Systems is revolutionizing real-time data access and processing by offering enterprise-grade in-memory computing solutions built on Apache® Ignite™. 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 (HTAP). For more information, visit gridgain.com.
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GridGain is a trademark 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.