VoltDB Sets Pace for High Performance Operational Database Market, Reports 298
Percent Revenue Growth for 2013
Company Achieves 368 Percent Increase in Bookings and Boosts Customer Count by
BEDFORD, Mass., Jan. 29, 2014
BEDFORD, Mass., Jan. 29, 2014 /PRNewswire/ --VoltDB, the world's fastest
operational database, today announced that it experienced triple digit revenue
growth in 2013. VoltDB realized a 298 percent increase in revenue and a 368
percent boost in bookings last year over 2012 as well as surpassed 325
customers under contract. The company's sales traction, market adoption and
industry recognition has propelled VoltDB to the forefront of the high
performance operational database market.
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Applications that require high-speed real-time operations and in-memory
analytics for in-the-moment decisioning capabilities present unique problems
that traditional database systems and other Big Data architectures cannot
easily solve. As a result, industry innovators in areas such as
telecommunications, e-commerce, power and energy, financial services,
advertising and online gaming are turning to VoltDB as the only operational
database purpose-built for high performance operations with real-time
In 2013 VoltDB added Airpush, Alcatel-Lucent, Arkalogic, BOLDstreet,
CGI/Logica, Eagle Investments, Hewlett-Packard, Mavizon, Neverblue, Novatel,
Openet and many others to its rapidly growing customer and partner rosters.
All of these organizations are harnessing the power of VoltDB to develop a new
generation of real-time applications that will transform their respective
businesses and industries.
As part of the company's industry recognition last year, VoltDB was included
in Gartner's latest analysis of the Operational Database Market, the Magic
Quadrant for Operational Databases, published on October 21, 2013.
Additionally, Gartner identified the trends shaping the market for modern
database technology in its report OLTP DBMS Market Becomes the Operational
DBMS Market, published on May 29, 2013. In it, database analysts Donald
Feinberg and Merv Adrian identify a key driver in the space: "Transactions
have evolved to include support for interactions and observations, leading to
the change from online transaction processing to the operational database
management system market that chief technology officers and infrastructure
leaders must embrace."
"We are delighted with our results in 2013 and believe the incredible market
demand we're experiencing is a testament to VoltDB's inherent and unique
ability to support next generation real-time Big Data applications," said
Bruce Reading, president and CEO of VoltDB. "These applications must be able
to ingest and analyze immense amounts of data in microseconds and take
immediate action to capitalize on that intelligence. VoltDB provides the
essential combination of in-memory analytics and fully transactional
decisioning capabilities to get the job done."
VoltDB provides the world's fastest operational database, delivering
high-speed data processing and real-time, in-memory analytics in a single
database system. VoltDB is a relational database that gives organizations an
unprecedented ability to build ultra-fast applications that can extract
insights from massive volumes ofdynamic data and enable real-time
decision-making. Organizations in markets including telco, financial services,
networking, energy and e-commerce use VoltDB to maximize the business value of
data at every interaction. VoltDB is privately held with offices in Bedford,
Mass. and Santa Clara, Calif.
The world's fastest applications run on VoltDB.
Disclaimer: Gartner does not endorse any vendor, product or service depicted
in its research publications, and does not advise technology users to select
only those vendors with the highest ratings. Gartner research publications
consist of the opinions of Gartner's research organization and should not be
construed as statements of fact. Gartner disclaims all warranties, expressed
or implied, with respect to this research, including any warranties of
merchantability or fitness for a particular purpose.
Davies Murphy Group, Inc.
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