BOSTON and BILLERICA, Mass., Sept. 18, 2013 /PRNewswire/ -- VoltDB, the world's fastest high-velocity database today announced they have entered into an OEM agreement with Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of BNY Mellon. Eagle Investment Systems will leverage VoltDB's high performance, in-memory relational database to deliver real-time analytics and decisioning capabilities to some of the most successful financial organizations in the world, organizations that share the same basic needs for speed, accuracy, compliance and timeliness when it comes to their data.
Eagle conducted an extensive evaluation process for a high-velocity in-memory database capable of meeting the rigid demands of the financial services industry. In order to meet the speed, scalability and performance requirements, the organization evaluated a number of offerings, ultimately choosing VoltDB.
According to Eagle's CTO, Marc Firenze, "We deliver the best in class technology to our clients, and when we evaluated VoltDB, we discovered that it suited our requirements. Its in-memory, high-velocity database will enhance our current and future offerings, and our first use of VoltDB will be in our forthcoming ex-ante risk extension to our performance measurement solution."
VoltDB is ideally suited for big data-based transactional applications that providers of financial services technology such as Eagle Investment Systems require. These applications are challenging due to the fact that the requirements for data ingestion and real-time analytics and decisioning are beyond the reach of traditional databases. Purpose built for high-velocity big data applications, VoltDB enables real-time visibility into the data that drives business value. The latest version (3.0) was released to market earlier this year.
"Big data is changing the way developers design, plan and build applications, especially in the financial services industry, where speed and cost per transaction efficiency are absolutely essential," said VoltDB CEO, Bruce Reading. "Eagle Investment Systems has tapped into the potential for VoltDB to enhance their applications in a unique and highly differentiated manner and they will continue to be an innovative solution provider as a result of leveraging our technology into both current and future offerings."
VoltDB provides a fully durable, in-memory relational database that combines high-velocity data ingestion and real-time data analytics and decisioning to enable organizations to unleash a new generation of big data applications that deliver unprecedented business value. Organizations in markets ranging from financial services and Web media, to public utilities and national defense, use VoltDB to narrow the "ingestion-to-decision" gap from minutes, or even hours, to milliseconds. Founded by database legend Dr. Michael Stonebraker, VoltDB is privately held with offices in Billerica, Mass. and Santa Clara, Calif.
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