GridGain's Open Source In-Memory Computing Strategy Sets Stage for Unprecedented Advances

FOSTER CITY, Calif., March 3, 2014 /PRNewswire/ -- Today GridGain (www.gridgain.com) officially released its industry leading In-Memory Computing Platform through an Apache 2.0 open source license, offering the world access to its technology for a broad range of real-time data processing applications. GridGain's open source software provides immediate, unhindered freedom to develop with the most mature, complete and tested in-memory computing platform on the market, enabling computation and transactions orders of magnitude faster than traditional technologies allow.

"The promised advances of big data combined with internet scale simply can't happen without a transformative change in computing performance," said Abe Kleinfeld, CEO of GridGain. "In-memory computing is enabling this change by offering a major leap forward in computing power, opening doors to a new era of innovation."

In-memory computing on commodity hardware is no longer a dream
The falling cost of RAM has made in-memory computing broadly accessible to organizations of all sizes. In a recent customer engagement, GridGain demonstrated one billion financial transactions per second using its In-Memory Data Grid software on just $25,000 of commodity hardware. According to GridGain, a performance increase of this magnitude will allow organizations to achieve goals they would not have previously considered pursuing.

"Organizations that do not consider adopting in-memory application infrastructure technologies risk being out-innovated by competitors that are early mainstream users of these capabilities," said Massimo Pezzini, Gartner Press Release, Gartner Says In-Memory Computing Is Racing Towards Mainstream Adoption, April 3, 2013, http://www.gartner.com/newsroom/id/2405315.

GridGain's In-Memory Computing Platform is used in a broad range of applications around the world including:

• Financial trading systems
• Online gaming
• Bioinformatics
• Hyperlocal advertising
• Cognitive computing
• Geospatial analysis

Developers can download GridGain's In-Memory Computing Platform at www.gridgain.org. http://www.gridgain.org/

About GridGain™
GridGain's complete In-Memory Computing Platform enables organizations to conquer challenges that traditional technology can't approach. 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 data grid 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 payload 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.

SOURCE GridGain