SingleStore Named a "Cool Vendor in In-Memory Computing, 2014" by Gartner
Company Recognized for being Innovative, Intriguing and Impactful
SAN FRANCISCO, May 19, 2014 - SingleStore, the leader in real-time and historical Big Data analytics based on a distributed in-memory database, today announced it has been included in the list of "Cool Vendors in In-Memory Computing Technologies, 2014”1 report by Gartner, Inc. According to Gartner, “In-Memory Computing (IMC) technologies support the agility and large-scale, fast data processing needed to succeed in the digital era. Application architecture leaders should master IMC architectures and technologies, or run the risk of undermining their organizations' ability to leverage digital business opportunities.”
“IMC technology is increasingly emerging as a key enabler for the digital business by empowering the agility, Web-scale processing and fast decision making needed to respond to the business challenges of the digital era,” states the Gartner report. In addition, Gartner recommends that enterprises, “Don't just consider megavendors for your IMC initiatives; small, innovative pure players often provide more cost-effective and/or more technically valid alternatives to large vendors' offerings.”
“We consider our designation as a Cool Vendor by Gartner confirmation that our approach to delivering a real-time in-memory database that offers speed, scale and simplicity is what enterprises demand today,” said Eric Frenkiel, CEO and co-founder of SingleStore. “We consider it essential that our customers use one database for both real-time and historical data that can capture, store and query hundreds of terabytes of data in real-time.”
Gartner defines a Cool Vendor as a company that offers technologies or solutions that are: Innovative, enable users to do things they couldn't do before; Impactful, have, or will have, business impact (not just technology for the sake of technology); Intriguing, have caught Gartner's interest or curiosity in approximately the past six months.
SingleStore is the leader in real-time and historical Big Data analytics based on a distributed in-memory database. SingleStore is purpose built for instant access to real-time and historical data through a familiar SQL interface and uses a horizontally scalable distributed architecture that runs on commodity hardware. Innovative enterprises use SingleStore to accelerate time-to-value by extracting previously untapped value in their data that results in new revenue. SingleStore is proven in production environments across hundreds of nodes in high velocity Big Data environments. Based in San Francisco, SingleStore is a Y Combinator company funded by prominent venture capitalists and angel investors including Accel Partners, Khosla Ventures, First Round Capital and Data Collective. For more information, please visit www.singlestore.com.
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1 Gartner, Cool Vendors in In-Memory Computing Technologies, 2014, Massimo Pezzini, Joseph Unsworth, Tim Payne, Michele Reitz, Roxane Edjlali, April 11, 2014.