2014

Stockr Backs Its Social Network for Investors With Cloudant DBaaS Easy data migration and worry-free support reinforce decision to use database-as-a-service

BOSTON, Sept. 20, 2013 /PRNewswire/ -- Cloudant, provider of a globally distributed database-as-a-service (DBaaS), today announced that Stockr, the industry's most advanced social network for investors, recently migrated its database to Cloudant DBaaS.

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Stockr provides a sophisticated social investor platform that cuts through the typical chatter on traditional financial forums by requiring users to login with existing social networks. Its core algorithm connects users with companies and other investors based on their trading interests. The platform enables users to create investor profiles; set up stock watch lists; review company profiles; and post comments on stocks, press releases, and news items. The website also provides a powerful real-time feed called Pulse that monitors real-time commentary on watched stocks.

Stockr has seen enormous growth since emerging from private beta in September 2012. The company believes the concept of socially connected investing is hitting an all-time high, and expects the surge to continue into 2014. Between its various development, test, and production environments, Stockr stores about half a terabyte of data, which is growing daily. To scale up fast and accommodate a growing user base, Stockr turned to Cloudant DBaaS.

"I have better things to do than mess with databases all day long," said Eugene Kashpureff Jr., systems architect at Stockr. "We were running our own database to store our site's 'big data,' which includes stock information, user posts, statistical data, and the like. Offloading the management and worry of all that information is the core reason behind our move to Cloudant. With their database service, I can now work on making Stockr faster rather than trying to keep the back end running."

Since moving to Cloudant DBaaS, Stockr has had zero user complaints about the website's speed, which had previously been a persistent problem. In addition, Cloudant eliminates the need for Stockr to conduct its own database sharding and disk compaction, and it no longer worries about running out of storage space or managing back-end infrastructure.

"Stockr is a great example of a company that understood the benefits of NoSQL to quickly launch their service, but as their success continued and their back-end infrastructure grew, even early adopters as capable as Stockr need help scaling distributed systems," said Alan Hoffman, co-founder and chief product officer at Cloudant. "Our database service now makes that process completely seamless for Stockr. Today, Stockr supports user sign-in through Facebook, and with Cloudant, they can handle waves of new users as they add integrations with networks like LinkedIn and Google+."

Production-proven at large scale, Cloudant lets developers focus on what they do best: build applications. Cloudant's fully-managed NoSQL DBaaS provides high-availability, low-latency access to JSON data and around-the-clock expert monitoring and administration, allowing customers to offload the administrative burden of operating and scaling distributed databases.

To get started with Cloudant or for additional information, visit the Cloudant developer resources page (https://cloudant.com/for-developers/) or sign up for a free Cloudant account at https://cloudant.com/sign-up/ today.

About Stockr
Stockr is the world's most advanced social network for the investment community. Led by Co-Founders Vinny Jindal, Tim Symington and Brendon Crawford, Stockr provides a specialized platform where investors, analysts, and public companies can communicate transparently and directly about financial news, stocks, market trends, investment ideas, and more. The platform enables users to create and develop social communities of trustworthy sources in order to compile the most comprehensive set of information available to make informed investment decisions. Stockr is a privately held company and is headquartered in Santa Monica, CA. For more information on Stockr please visit https://stockr.com/.

About Cloudant 
Cloudant provides the world's first globally distributed database-as-a-service (DBaaS) for loading, storing, analyzing, and distributing operational application data for developers of large and/or fast-growing Web and mobile applications. Cloudant's DBaaS is a managed service that helps developers eliminate the delays, costs, and distractions inherent in working with databases and their administrators, while providing unmatched scalability, availability, and performance. This capability accelerates time-to-market and time-to-innovation because it frees developers from the mechanics of data management so they can focus exclusively on creating great applications. Cloudant is privately held and backed by top-tier investors including Avalon Ventures, Devonshire Investors, the private equity firm affiliated with Fidelity Investments, In-Q-Tel, Rackspace® Hosting, Samsung Venture Investment Corporation, Toba Capital, and Y Combinator. For more information, visit https://cloudant.com.

General inquiries and sales:
info@cloudant.com

Media inquiries:
Mark Daly
Davies Murphy Group, Inc.
(781) 418-2411 
cloudant@daviesmurphy.com

SOURCE Cloudant



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