Gartner Positions SingleStore in the Visionaries Quadrant of the 2016 Magic Quadrant for Data Warehouse and Management Solutions for Analytics
SingleStore the Only Vendor Named a Visionary Across Gartner’s Magic Quadrants for Data Warehouse and Management Solutions for Analytics and Operational Database Management Systems
San Francisco, CA - February 26, 2016 - SingleStore, the leader in real-time databases for transactions and analytics, today announced it has been positioned by Gartner, Inc. in the Visionaries Quadrant of the “Data Warehouse and Management Solutions for Analytics.”1
Gartner Positions SingleStore in the Visionaries Quadrant of the MQ for Data Warehouse & Management Solutions for Analytics - Click to Tweet
The report opens by stating disruption is accelerating in this market, with more demand for broad solutions that address multiple types of data and offer distributed processing and repository options.
The positioning of SingleStore as a Visionary in this report comes less than six months after the company’s debut on the Visionaries Quadrant of the 2015 Magic Quadrant for Operational Database Management Systems2.
“Enterprises seek new solutions for concurrent data processing and analytics, which cannot be achieved with a separate database and data warehouse,” said Eric Frenkiel, CEO and co-founder, SingleStore. “We’re helping companies meet this challenge head on and transform into digital enterprises by combining real-time streaming, database, and data warehouse workloads into a single platform. We believe the recognition we have received from Gartner across two distinct Magic Quadrants validates the modern approach we bring to an industry dominated by decades old incumbents.”
In the report, Mark Beyer and Roxane Edjlali also state, “Organizations now require data management solutions for analytics that are capable of managing and processing internal and external data of diverse types in diverse formats, in combination with data from traditional internal sources. Data may even include interaction and observational data — from Internet of Things sensors, for example. This requirement is placing new demands on software in this market as customers are looking for features and functions that represent a significant augmentation of existing enterprise data warehouse strategies.”
Predictive analytics are the new baseline for enterprises competing in today’s on-demand economy. With its in-memory rowstore and disk-based columnstore, SingleStore provides a robust yet flexible database platform for companies to run analytics on changing datasets and scale a growing consumer base. SingleStore also recently launched Streamliner, an integrated Apache Spark solution to create data pipelines and give enterprises immediate access to real-time analytics. Enterprises can use these streaming data pipelines to power applications, enable predictive analytics, and stay one step ahead of the competition.
About the Magic Quadrant
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SingleStore is the leader in real-time databases for transactions and analytics. As a purpose built database for instant access to real-time and historical data, SingleStore uses a familiar SQL interface and a horizontally scalable distributed architecture that runs on commodity hardware or in the cloud. Innovative enterprises use SingleStore to better predict and react to opportunities by extracting previously untapped value in their data to drive new revenue. SingleStore is deployed across hundreds of nodes in high velocity big data environments. Based in San Francisco, SingleStore is a Y Combinator company funded by prominent investors including Accel Partners, Khosla Ventures, First Round Capital and Data Collective. Follow us @SingleStoreDB or visit at www.singlestore.com.
1 Gartner “Magic Quadrant for Data Warehouses and Management Solutions” by: Roxane Edjlali, Mark A. Beyer, 25 February 2016.
2 Gartner "Magic Quadrant for Operational Database Management Systems" by: Donald Feinberg, Merv Adrian, Nick Heudecker, Adam M. Ronthal, Terilyn Palanca, 12 October 2015.