Vertica Systems Doubles Revenue, Customers, and Headcount During a Record-Breaking 2010

BILLERICA, Mass., Jan. 12, 2011 /PRNewswire/ -- Vertica Systems, the leading provider of real-time analytics platforms, today announced that 2010 was a record-breaking year with significant momentum in sales, customer wins, and headcount for the company. During 2010, Vertica saw both revenues and customers increase by more than 100 percent, reaching 328 customers by the end of 2010. Driven by the adoption of Vertica's industry-leading technology within every major vertical and segment, Vertica also doubled headcount to more than 100 employees, establishing a worldwide presence with significant hires in every functional area.

"I joined Vertica because the technology and development team are the best in the industry," said Vertica Systems president and CEO, Christopher Lynch. "And I knew I could build world-class sales, marketing and finance organizations to match. Since April, we've more than doubled the company in every meaningful metric – revenue, customer wins and headcount – and we still haven't fully hit our stride. 2011 will be an incredible year, and we're starting off strong with some very big wins, including AOL and other household names we'll announce very soon."

According to Paul Maeder, co-founder of Highland Capital and the person who led Highland's investment in database giant Sybase, "Christopher Lynch is one of the most dynamic leaders I have ever had the pleasure of working with and within a year he has transformed a promising technology company into the next great database company!"

Vertica made significant additions to the company's leadership team, naming Ed Filippine as VP America's Sales and Worldwide Operations and Scott Howser as VP of Product Marketing.  Ed has direct revenue responsibility for Vertica's Americas sales and channel business, as well as the company's sales systems, sales development and sales training worldwide.  Scott is responsible for Vertica's product messaging, corporate branding and establishing best practices for deployment and solution architectures. Scott and Ed join a senior management team poised to take Vertica to the next level and manage the explosive growth created by the universal adoption of the Vertica Analytics Platform within top-tier organizations.

“Vertica has customers with installations ranging from gigabytes to petabytes, and ranging in size from start-ups to the Fortune 100,” said Scott Howser, Vertica’s VP of Product Marketing.  “The common thread among our customers is their ability to turn massive amounts of data into actionable information in near real-time.  In today’s economy, information is king and Vertica is uniquely positioned to deliver the next-generation analytics infrastructure.”

Vertica's unique architecture allows users to analyze massive amounts of data faster and more reliably than any other analytics platform, giving companies the power to obtain real-time business intelligence.  The Vertica Analytics Platform is purpose-built to get users up and running quickly and to operate with fewer resources than traditional solutions.  Fast parallel loading, automated database design, rich time-series and other advanced analytics and familiar interfaces means users are productive in minutes instead of days, and an architecture optimized for industry-standard hardware, virtual machines (private cloud) or on the public cloud delivers the flexibility and elasticity to deploy analytics where, and when, needed.

About Vertica

Vertica Systems is the leading provider of next-generation analytics platforms enabling companies to monetize their data at the speed and scale necessary to deliver significant value to customers and shareholders.  Vertica's scalability and flexibility are unmatched in the industry delivering 50x-1000x faster performance at 30% the cost of traditional solutions.  Vertica is used by more than 300 customers across a variety of industries worldwide including Twitter, Verizon, AOL, Guess!, Zynga, Playdom, Bank of America, BlueCross BlueShield, AdMeld, Sunoco, Mozilla and Comcast.  Vertica's North American headquarters is located in Billerica, MA.

Vertica is a registered trademark of Vertica in the United States and other countries. Other product or service names mentioned herein are the trademarks of their respective owners.

SOURCE Vertica Systems