RainStor, provider of a database for Big Data management, today announced that it has been named a 2012 finalist in the prestigious TiE50 Awards, a highly influential list of the most innovative and promising startup companies worldwide. The TiE50 judging process included meticulous screening and evaluation by forty prominent entrepreneurs, venture capitalists, corporate executives and other domain experts, as well as voting by the wider segment community.
RainStor was picked from a pool of 2100 entrants as one of 131 finalists that competed in this year’s competition, comprising a list of some of the most visionary and market-aware startups to date. The recognition of RainStor as a “Software/Cloud Computing” offers further validation in the company’s status as a leading industry provider of Big Data management solutions.
As the first enterprise database running natively on Hadoop, RainStor Big Data Analytics on Hadoop enables faster, more flexible analytics on multi-structured data, without the need to move data out of the Hadoop environment. Built on RainStor’s patented database technology and proven experience managing complex data environments, RainStor Big Data Analytics on Hadoop combines industry-leading compression – up to 40x – along with 10-100x faster analytics. The solution provides the ability to conduct high-performance analytics at scale, allowing customers to meet their growing Big Data challenges without the premium cost of a traditional data warehouse.
“This recognition by TiE comes at a time when Big Data projects are top of mind for large enterprises. As data growth rates continue to rise and business users demand more value from transactions and interactions, companies want to take advantage of better managing multi-structured data to gain better business insights. Hadoop adoption is on the rise too as it enables low cost scale and more flexible analytics. RainStor is squarely focused on extending the value of Big Data for the enterprise and we are honored to be publicly acknowledged as a valuable part of the Hadoop ecosystem,” said John Bantleman, CEO of RainStor.
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TiE (sv.tie.org) is a global, not-for-profit network of entrepreneurs and professionals dedicated to the advancement of entrepreneurship. TiE provides entrepreneurs with a platform for mentoring, networking, and education to over 14,000 members in 54 chapters in 13 countries. Since its inception in 1992 by a group of successful Silicon Valley entrepreneurs and corporate executives, TiE has grown to be the world’s largest non-profit dedicated to the cycle of wealth creation, and focusing on nurturing the next generation of entrepreneurs.
RainStor (rainstor.com) provides Big Data management software. RainStor’s database enables the world’s largest companies to keep and access limitless amounts of data for as long as they want at the lowest cost. It features the highest level of compression on the market, together with high performance on-demand query and simplified management. RainStor runs natively on a variety of architectures and infrastructure including Hadoop. RainStor’s leading partners include Amdocs, Anritsu, AdaptiveMobile, Dell, HP, Informatica, Qosmos and Teradata.
RainStor is a privately held company with offices in San Francisco, USA and Gloucester, UK. For more information, visit the website. Join the conversation at twitter.com/rainstor