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San Francisco, Calif., October 31, 2012
Terracotta, Inc., the leader in in-memory technologies for enterprise big data, today announced record results for the first three quarters of 2012, placing the company on track to more than triple last year's revenue. Driven by the growing demand for big data in-memory solutions, revenue has increased by 300 percent since Terracotta was acquired by Software AG in 2011.
Faced with exploding data volumes and a need to instantaneously analyze and act on business information, companies are struggling with current data solutions that fail to provide the speed and scale their businesses require. Terracotta's BigMemory products unlock the value in big data, delivering a comprehensive solution for real-time access to and analysis of hundreds of terabytes of business data, at up to 1,000 times faster speed than traditional data management technologies.
2012 has already been a banner year for Terracotta as demonstrated by several key measurements including:
“In-memory technology has emerged as a highly desirable component of Big Data initiatives due to rapid advancements in server RAM capacities and application design. Solutions, such as Terracotta's BigMemory, can be used by companies in any industry to effectively scale their data infrastructure and support the high performance applications that drive their business,” said Nathaniel Rowe, research analyst, Aberdeen Group. “Aberdeen's research shows a high demand for these in-memory solutions, with companies planning to more than double the adoption rate of this technology in the next 12 to 24 months.”
Terracotta continues to drive the in-memory data management market, extending the value of its flagship BigMemory product line.
Terracotta made significant investments in its executive team in the last two months, adding valuable depth across several key areas.
“Everyone wants fast access to big data to make informed decisions as quickly as possible. Keeping high-value business data in memory, where access speeds are real-time, is the best way to ensure it is available when needed,” said Robin Gilthorpe, CEO of Terracotta. “Terracotta's record growth throughout 2012 further demonstrates that BigMemory is a disruptive technology that is filling a huge void that legacy platforms simply cannot address. We will continue to drive further value and innovation for our global customers in the fourth quarter and in years to come.”
Terracotta, Inc. is the leading provider of game changing Big Data management solutions for the enterprise. Its flagship product, BigMemory, is a Big Data in-memory solution that delivers performance at any scale. Terracotta's other award-winning data management solutions include Ehcache — the defacto caching standard for enterprise Java — and Quartz, a leading job scheduler. Terracotta supports the data management needs of a majority of the Global 2000 with over 2.5 million deployments of its products in 190 countries. Terracotta is a wholly owned subsidiary of Software AG (Frankfurt TecDAX: SOW). For more information, please visit www.terracotta.org.
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