VoltDB Sets Pace for High Performance Operational Database Market, Reports 298 Percent Revenue Growth for 2013
Company Achieves 368 Percent Increase in Bookings and Boosts Customer Count by 94 Percent
BEDFORD, Mass., Jan. 29, 2014 /PRNewswire/ -- VoltDB, the world's fastest operational database, today announced that it experienced triple digit revenue growth in 2013. VoltDB realized a 298 percent increase in revenue and a 368 percent boost in bookings last year over 2012 as well as surpassed 325 customers under contract. The company's sales traction, market adoption and industry recognition has propelled VoltDB to the forefront of the high performance operational database market.
Applications that require high-speed real-time operations and in-memory analytics for in-the-moment decisioning capabilities present unique problems that traditional database systems and other Big Data architectures cannot easily solve. As a result, industry innovators in areas such as telecommunications, e-commerce, power and energy, financial services, advertising and online gaming are turning to VoltDB as the only operational database purpose-built for high performance operations with real-time analytics.
In 2013 VoltDB added Airpush, Alcatel-Lucent, Arkalogic, BOLDstreet, CGI/Logica, Eagle Investments, Hewlett-Packard, Mavizon, Neverblue, Novatel, Openet and many others to its rapidly growing customer and partner rosters. All of these organizations are harnessing the power of VoltDB to develop a new generation of real-time applications that will transform their respective businesses and industries.
As part of the company's industry recognition last year, VoltDB was included in Gartner's latest analysis of the Operational Database Market, the Magic Quadrant for Operational Databases, published on October 21, 2013. Additionally, Gartner identified the trends shaping the market for modern database technology in its report OLTP DBMS Market Becomes the Operational DBMS Market, published on May 29, 2013. In it, database analysts Donald Feinberg and Merv Adrian identify a key driver in the space: "Transactions have evolved to include support for interactions and observations, leading to the change from online transaction processing to the operational database management system market that chief technology officers and infrastructure leaders must embrace."
"We are delighted with our results in 2013 and believe the incredible market demand we're experiencing is a testament to VoltDB's inherent and unique ability to support next generation real-time Big Data applications," said Bruce Reading, president and CEO of VoltDB. "These applications must be able to ingest and analyze immense amounts of data in microseconds and take immediate action to capitalize on that intelligence. VoltDB provides the essential combination of in-memory analytics and fully transactional decisioning capabilities to get the job done."
VoltDB provides the world's fastest operational database, delivering high-speed data processing and real-time, in-memory analytics in a single database system. VoltDB is a relational database that gives organizations an unprecedented ability to build ultra-fast applications that can extract insights from massive volumes of dynamic data and enable real-time decision-making. Organizations in markets including telco, financial services, networking, energy and e-commerce use VoltDB to maximize the business value of data at every interaction. VoltDB is privately held with offices in Bedford, Mass. and Santa Clara, Calif.
The world's fastest applications run on VoltDB.
Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Davies Murphy Group, Inc.
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