CAMBRIDGE, Mass., May 15, 2013 /PRNewswire/ -- The 10th Annual MIT Sloan CIO Symposium has announced VoltDB as one of ten finalists for the 2013 Innovation Showcase. VoltDB's development of the world's fastest high-velocity database represents a disruptive B2B solution that delivers measurable business value and innovation to enterprise IT. As part of this recognition, company executives have been invited to lend insight on key issues along with many of the world's most creative and influential IT executives at the Symposium, taking place on May 22, 2013.
After careful consideration, the Innovation Showcase judges, (consisting of MIT faculty, entrepreneurs, and early-stage investors) chose VoltDB, based on the following criteria:
- VoltDB is a start-up with less than $10 million in 2012 revenue or Series A VC funding,
- The company sells B2B or B2C enterprise IT solutions to CIOs or corporate departments, and
- VoltDB's technology innovation as well as its potential impact on companies' top and bottom lines.
"We are witnessing the evolution of how organizations operate and interact with their environments in the way that they are ingesting, analyzing and decisioning on ever-increasing amounts of data now available to them," said VoltDB CEO, Bruce Reading. "This is transformative, and the MIT Sloan Symposium represents a tremendous opportunity for CIOs to gain actionable insight on the trends and technology they should consider as they make strategic decisions for their businesses going forward."
VoltDB is the commercial realization of the H-Store academic research project, a collaboration of senior computer scientists from MIT (led by Dr. Michael Stonebraker), Yale University, and Brown University. H-Store's objective was to deliver a natively scalable, fault-tolerant, transactional database ready for the data revolution of the 21st century. This groundbreaking work is now available from VoltDB as an in-memory database purpose built for high-velocity big data applications. It is the world's fastest NewSQL database system and is specifically designed to run on modern scale-out architectures – fast, inexpensive servers connected via high-speed data networks.
"We are pleased to distinguish these top ten Innovation Showcase finalists and the ground-breaking technologies they have brought to market," said David L. Verrill, executive director of the MIT Center for Digital Business, and the co-chair of the Innovation Showcase. "The Symposium provides these early-stage companies a respected platform to demonstrate solutions that are architecting the future of technology, and creates an environment for cultivating advantageous partnership opportunities."
For a full list of Innovation Showcase finalists visit: http://www.mitcio.com/innovation
The Innovation Showcase will take place at 5:00 p.m. in the Kresge courtyard tent on Wednesday, May 22, 2013, at MIT, in Cambridge, MA. The full agenda of the MIT Sloan CIO Symposium is available at www.mitcio.com/agenda.
VoltDB provides a fully durable, in-memory relational database that combines high-velocity data ingestion and real-time data analytics and decisioning to enable organizations to unleash a new generation of big data applications that deliver unprecedented business value. Organizations in markets ranging from financial services and Web media, to public utilities and national defense, use VoltDB to narrow the "ingestion-to-decision" gap from minutes, or even hours, to milliseconds. Founded by database legend Dr. Michael Stonebraker, VoltDB is privately held with offices in Billerica, Mass. and Santa Clara, Calif.
About the MIT Sloan CIO Symposium
The MIT Sloan CIO Symposium is the premier global event for CIOs and senior IT executives to become better business leaders. In one day, CIOs and senior IT executives receive actionable information that enables them to meet the challenges of today's changing global economy. The annual event offers a day of interactive learning and thought-provoking discourse on the future of technology, best practices, and business that is not available anywhere else. The MIT Sloan CIO Symposium is organized and developed by a team from the MIT Sloan Alumni Club of Boston and the MIT Center for Digital Business. Visit www.mitcio.com for more information and registration.
To stay connected to the community developing around the Symposium, please join The Global CIO & Executive IT Group (An MIT Sloan CIO Group), which can be found on Linkedin.com: http://www.linkedin.com/groupInvitation?groupID=1719457. Follow Symposium updates on Twitter: http://twitter.com/mitciosymposium.
Davies Murphy Group, Inc.