FOSTER CITY, Calif., Dec. 6, 2013 /PRNewswire/ -- GridGain™ Systems (Gridgain.com), the company that provides a complete In-Memory Computing infrastructure stack, today announced the appointment of Abe Kleinfeld as Chief Executive Officer. Kleinfeld comes to GridGain from nCircle, a company which he led to achieve $40M in annual sales. Under Kleinfeld's guidance, GridGain plans to make the benefits of In-Memory computing available to all organizations, enabling them to implement strategy based on data that would otherwise be incomprehensible due its volume and velocity.
"Now more than ever, organizations must harness both structured and unstructured data and deliver actionable business intelligence – this can only be accomplished with In-Memory technology," said Kleinfeld. "I'm excited to lead GridGain in its journey to help companies innovate ahead of the business cycle and conquer challenges far beyond the capabilities of traditional computing technology."
GridGain, which secured $10M in Series B venture financing, provides the first and only end-to-end In-Memory technology stack. Its enterprise offering includes high performance computing, streaming, and In-Memory Database, as well as an industry first In-Memory accelerator for Hadoop.
"Over the course of more than three decades Abe Kleinfeld has successfully guided companies from the point of startup all the way through their IPOs'," said Nikita Ivanov, Co-founder of GridGain. "We believe Abe's experience will enable GridGain to advance its position as a market leader in high performance computing for the enterprise."
Abe Kleinfeld led nCircle, a company with over 6,500 enterprise customers globally, through 10 consecutive years of revenue growth to achieve five successive years of profitability and two acquisitions. Prior to nCircle, Abe Kleinfeld was president and CEO of Eloquent, a leading provider of rich media communications solutions, where he built a sophisticated management team and implemented a high-growth strategy that drove the company through a successful $83M IPO in February 2000. Before Eloquent, Kleinfeld co-founded document management leader Odesta Systems Corporation, where he played a key role in building the company from startup in 1991 through its merger with Open Text Corporation in 1995 and subsequent IPO in 1996.
Kleinfeld's four-decade career began at Raytheon Data Systems, and includes marketing and sales management roles at Wang Laboratories and business development at Oracle Corporation. He holds a bachelor's in Computer Science from State University of NY at Oswego.
GridGain's complete In-Memory Computing platform enables organizations to conquer challenges that traditional technology can't even fathom. While most organizations now ingest infinitely more data than they can possibly make sense of, GridGain's customers leverage a new level of real-time computing power that allows them to easily innovate ahead of the accelerating pace of business. Built from the ground up, GridGain's product line delivers all the high performance benefits of In-Memory Computing in a simple, intuitive package. From high performance computing, streaming and database to an industry first In-Memory Hadoop accelerator, GridGain provides a complete end-to-end stack for low-latency, high performance computing for each and every category of payloads and data processing requirements. Fortune 500 companies, top government agencies and innovative mobile and web companies use GridGain to achieve unprecedented performance and business insight. GridGain is headquartered in Foster City, California. Learn more at http://www.gridgain.com.