CHICAGO, June 7, 2011 /PRNewswire/ -- Two-thousand and eleven is shaping up to be a breakout year for in-memory analytic database pioneer Kognitio, with record sales growth, a new game-changing technology, and a major expansion across North America and the EMEA regions.
Kognitio kicked off 2011 by launching an innovative new capability for its ultra-fast WX2 in-memory analytic database, called Pablo, which eliminates the need to build and maintain physical OLAP cubes. The announcement shook up the "big data" industry and defined a new vision for fast and scalable data analytics by delivering scalable, low latency analytical solutions without the headache of physical cube proliferation. Instead, Pablo virtualizes the cubes allowing more users to analyze more data, more quickly.
It's one reason why Information Management magazine listed Kognitio as one of its "40 Vendors to Watch," and why Kognitio is positioned as a Visionary player in the 2011 Gartner Magic Quadrant report on data warehousing database management systems (DBMS).
Innovation and performance have likewise driven rapid customer adoption of WX2. The company has signed dozens of new customers in retail, leisure, media, telecommunications, insurance, healthcare, bioinformatics and other industries, with more than one petabyte of data under WX2 license now in operation globally.
Kognitio's Data Warehousing as a Service (DaaS) deployment model of WX2 has seen particularly robust growth, accounting for more than half of all new sales, where end-users are attracted by the on-demand, cloud-based solution. As a pioneer of the industry's first DaaS model, this growth demonstrates that Kognitio's vision of cloud-based data analytics was prescient and is indeed here to stay.
The growing demand for WX2 drove Kognitio to expand its footprint in the North American market in 2011. The company added 10 senior business development and marketing professionals serving all of U.S. and Canada, with headquarters remaining in Chicago.
The company also expanded internationally. Kognitio launched a major reseller program to reach customers around the globe. New resellers and their regions include: Gnosystech (Australia), Poslovna Inteligencija (the Adriatic region), Umanis (France), ITB (South Africa), EnterpriseWorx (South Africa), Diegesis (United Kingdom) and Brighter BI (United Kingdom).
"Our years of hard work focusing on the world's most challenging data analytics problems are even more meaningful in today's competitive economy and our recent success validates this. We were ahead of the curve with in-memory analytics, data warehousing as a service and, recently, the elimination of physical OLAP cubes. It's gratifying to see the market catching up to our innovation lead and embracing our vision for the future of data," said Roger Llewellyn, CEO and president at Kognitio.
Kognitio is a long-standing innovator in the data warehousing, business intelligence and analytics markets. The company has pioneered many of the technologies now employed by state-of-the-art data warehouse/BI systems including the industry's first in-memory analytic database, data warehouse appliance, MPP shared-nothing database, and Data Warehousing as a Service (DaaS) cloud-based solution. Kognitio's award-winning WX2 product is the industry's fastest and most scalable analytic database, enabling firms to turn massive amounts of raw, complex data into valuable insight to solve their most urgent business problems. Its clients span many industries including market research, consumer packaged goods, retail, telecommunications, financial services, insurance, gaming, media and utilities. Kognitio is headquartered in Chicago and Bracknell, UK with offices in New York, Raleigh, Minneapolis and other U.S. cities. More information is available by phone at 312.268.5725 and at www.kognitio.com.