ScaleOut Software Boosts Wall Street Presence in Q3

BELLEVUE, Wash. and NEW YORK, Oct. 12 /PRNewswire/ -- ScaleOut Software, Inc. (ScaleOut), a leading provider of distributed data grids, closed a solid third quarter with eight new customer wins. There was significant momentum in the financial services sector particularly with over 50 percent of Q3 business secured with Wall Street firms. To support this growth, ScaleOut has hired David Worthington in New York to drive growth within this vertical.  

"Distributed data grids have evolved from a basic data cache into a sophisticated analysis platform to track and process massive market data volumes," said Dr. William L. Bain, founder and CEO of ScaleOut Software, Inc. "The ability to quickly and efficiently perform complex analyses on historical and real-time data has become vital to top Wall Street firms seeking competitive advantage. We have responded to this demand by hiring David Worthington to provide additional local support, and to ensure optimal results for our financial services customers."

David will be responsible for maintaining and developing ScaleOut's New York customer base, including top global sell- and buy-side institutions. David will report directly to David Brinker, COO, who spearheads ScaleOut's sales efforts from the West Coast headquarters.

"David Worthington's previous experience and status as an industry expert will provide our financial services end-users with both daily support and a unique insider's perspective on the industry," said David Brinker, COO, ScaleOut Software, Inc. "With David on board, we can are positioned to continue our consistent momentum within the financial services niche."

David has extensive knowledge of the software development landscape following eight years experience in the field of technology journalism, as well as university-level coursework in computer science. Prior to joining ScaleOut, David was senior editor of SD Times for over three years and was one of the founders of BetaNews.com. His work has also appeared in Ziff Davis publications including eWeek and PC Magazine.

Over the past year, cloud computing in financial services has evolved from a notion to a viable technology solution. The next 12 to 18 months will see firms integrating private clouds into their technology strategies. ScaleOut's provision of distributed data grids will be a key component of cloud infrastructures for scaling application performance, particularly within financial service firms.

About ScaleOut Software, Inc.

ScaleOut Software develops software products that provide scalable, highly available caching and analysis for workload data in server farms and compute grids.  It has offices in Bellevue, Washington, Beaverton, Oregon, and New York.  The company was founded by Dr. William L. Bain, whose previous company, Valence Research, developed and distributed Web load-balancing software that was acquired by Microsoft Corporation and is now called Network Load Balancing within the Windows Server operating system.  

For more information please visit www.scaleoutsoftware.com or follow on Twitter @ScaleOut_Inc.  

SOURCE ScaleOut Software, Inc.