ScaleOut Software Reports Landmark 2010
Record profitability and 56 percent increase in sales orders
Feb 28, 2011, 09:00 ET
BELLEVUE, Wash., Feb. 28, 2011 /PRNewswire/ -- ScaleOut Software, Inc. (ScaleOut), a leading provider of distributed data grids and data analysis solutions, closed 2010 with record profitability and a 56 percent increase in sales orders. During this landmark year, ScaleOut added 45 new clients and returned growth across multiple industries such as financial services and e-commerce.
"2010 was another high point in five years of solid software development and continuous customer success stories. Last year we signed 45 new customers, and half of our business is now stemming from existing customers expanding their use of ScaleOut StateServer®. The average order size increased by about 30 percent, demonstrating a maturing market and less dependency on proof-of-concept deployments prior to large-scale deployments. We have definitely outgrown our start-up shoes and are well-positioned to accelerate growth in 2011," said David Brinker, COO, ScaleOut Software.
"A significant portion of 2010 was focused on new product development with new support for cloud-based computing, global data integration, parallel data analysis, and language integrated query (LINQ)," said William Bain, founder and CEO, ScaleOut Software. "2011 will see us move towards the integration of data grids across geographies, making data access straightforward and seamless. This is of immense benefit to global companies that maintain unique, time-sensitive data in multiple locations and must have it accessible from anywhere." For example, to meet new regulatory demands, institutions need to price complex instruments quickly and accurately. This new requirement dictates that institutions have fast access to mission-critical data across geographies and an assurance that the latest data is being used.
In 2011, distributed data grids will be a strategic driver for parallel data analysis with particular relevance in the financial services vertical market. ScaleOut has responded to this significant customer demand by opening a New York office and increasing its sales presence to directly serve this specialized market.
As 2011 progresses, the development and success of cloud-hosted applications, particularly data analysis applications, will depend on their ability to effectively scale data storage and access within cloud infrastructures. Strong middleware like distributed data grid software will greatly enhance the ability of cloud-based applications to reap the benefits of elastic computing. This software will also dramatically simplify the use of parallel computing techniques within the cloud to easily and quickly analyze large data sets.
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.
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