Big Data Becomes Cradle of Innovations

BEIJING, Jan. 6, 2014 /PRNewswire/ -- With innovations and rapid growth in two major areas of cloud computing and big data, China-based Gridsum Technology, an enterprise software and solutions provider, announced it was awarded Deloitte 2013 Technology Fast 500 Asia Pacific Company and 50 China Company. The average annual growth rate of Technology Fast 500 is 356%. The award indicates Chinese big data companies are attracting great attention from numerous investors and consulting firms.

"We are honored to hit the Deloitte 2013 Technology Fast 500 Asia Pacific and 50 China which represent the encouragement and recognition in the industry," said Qi Guosheng, founder, chairman and CEO of Gridsum. "As a Chinese company founded 8 years ago, we are proud to be selected and trusted by nearly 400 top corporations in China and in the world. Our rapid growth and great achievements are a result of the support, efforts and persistence of our team and partners."

In 2008, Gridsum developed Web Dissector, an OLAP-based web analytics system with multi-dimensional drill down capability and joined Microsoft BizSpark program. In 2009, Gridsum became the first Chinese firm in Microsoft BizSpark One program, a core enterprise member of Search Engine Marketing Professional Organization (SEMPO) and a five-star agency of Baidu. Later, Gridsum further developed a broad series of data analytics products around Web Dissector, including Video Dissector, Streaming Dissector, Mobile Dissector, SEM Dissector, Contribution Dissector, TV Dissector, and other customized solutions for customers in online marketing, new media, telecom carriers and e-government.

Business opportunities from big data are fueling a rapid emergence of innovative companies across the world. In the United States, big data related companies such as Splunk, a leading provider of software platform for real-time operational intelligence and, Rocket Fuel, a leading provider of artificial intelligence (AI) advertising solutions for digital marketers, are rising rapidly and have successfully got listed. In China, big data is also propelling a new upsurge of investment. As one of China's leading big data companies, Gridsum received A-round investment from Disney's Steamboat Ventures in 2010 and became a strategic partner of China State Information Center in early 2012.

Qi Guosheng said: "In the early days, Gridsum was technically and commercially similar to US-based website analytics firms like Omniture and Coremetrics, which have been acquired by Adobe and IBM respectively. As our business grows rapidly, we have gained unique advantages in areas such as long-term data accumulation and real-time data retrieval. We are committed to innovations in multi-dimensional analytics and data mining in a bid seeking to help the industry unlock the value of data."

Deloitte's Technology Fast 500 Asia Pacific is designed to recognize the fastest growing technology companies that pursue continuous innovations. Other China-based well-known companies winning this award in the past include Tencent, Baidu, Alibaba, Netease, etc.

About Gridsum

Gridsum is China's leading provider of enterprise software and solutions based on cloud computing and big data. Backed by its proprietary high-performance parallel data warehouse technology, Gridsum focuses on big data processing, analytics and data mining, providing online business optimization, e-government, new media and telecom operation solutions based on data analytics to nearly 400 domestic and international customers in 18 industries, helping enterprises and governments achieve better performance and more accurate insights. For more information, please visit www.gridsum.com.

SOURCE Gridsum Technology