Demand for Big-Data Velocity Drives VoltDB to Success in 2012
Enterprise, News, Storage
VoltDB, today announced that 2012 was a record year for the company in terms of performance and major milestones. Driven by demand for the industry's most advanced high-velocity database, VoltDB closed 2012 with record revenue and new customer wins, as well as a variety of additional corporate achievements.
"We had a strong year in 2012 and set the stage for even greater growth in 2013 by building a world-class team to support the demand for the world's first high-velocity database," said VoltDB President and CEO Bruce Reading. "The truth behind big data hype is that, in order to deliver business value, applications need a database that can ingest, analyze and act on massive volumes of data in as close to real time as possible. VoltDB is the first to solve this problem by narrowing the ingestion-to-decision gap from minutes, or even hours, to milliseconds."
Fueled by rapid customer growth and a $5.7 Million round of venture capital funding closed in August 2012, the company has greatly enhanced its business operations by expanding its executive team, establishing a West Coast office and launching a partner program. CEO Bruce Reading joined the company in early 2012 and was followed by industry veterans Mark Hydar, vice president of market technology and strategy, and Eric Sansonetti, vice president of business partnerships.
Hydar joined VoltDB from Yahoo! to build out the company's West Coast office in Santa Clara, Calif. Sansonetti joined VoltDB from VidSys, Inc., to spearhead the company's partner program.