309% Y/Y Growth in Bookings for GridGain

GridGain Systems, Inc., provider of enterprise-grade in-memory computing solutions based on Apache Ignite, announced continuing momentum during the first half of 2017.

Key achievements during the period include a 309% year-over-year growth in bookings, product innovations, expansion of its In-Memory Computing Summit to Europe, and industry accolades.

Growth
• First half 2017 sales surged 309% versus the same period in 2016, driven by a mixture of new and repeat orders from companies in industries including financial services, fintech, online travel services, and web-scale SaaS
• Headcount increased nearly 50% from the beginning of 2017, as the company expanded its presence in Western Europe, North America and Russia, with staff additions in sales, professional services, development and operations

Products and Services
• GridGain 8.1 expanded the bounds of in-memory computing with a next-generation memory-centric architecture that leverages ongoing advancements in memory and storage technologies to provide distributed in-memory computing performance with the cost and durability of disk storage. It extends the SQL capabilities of the GridGain platform with expanded SQL Data Definition Language (DDL) capabilities added to its existing DML support. The release provides performance on hybrid memory/disk infrastructures using a new Persistent Store feature. For organizations using Persistent Store in production, the new GridGain Ultimate Edition includes a cluster snapshot backup feature which is recommended when deploying the memory-centric architecture in mission-critical environments.
• GridGain Professional Edition 2.0, a supported version of Apache Ignite 2.0, was introduced. It includes new functionality which improves performance and simplifies the integration requirements for use cases where distributed, in-memory computing can improve the speed and scalability of data-intensive applications. New functionality includes a durable memory architecture that extends support beyond RAM to now include SSDs and flash memory, and helps eliminate noticeable Java garbage collection (GC) pauses. The release also added support for SQL Data Definition Language (DDL), support for the Spring Data API, enhanced .NET and C++ functionality, and more.
• Earlier in the year, GridGain Professional Edition 1.9 was released, improving performance and adding automated benchmarking, Kubernetes support for deploying containerized Apache Ignite clusters, expanded support for data manipulation language (DML), and more.
• The GridGain In-Memory Computing platform obtained certifications from Hortonworks and Tableau and joined their respective technology partnership programs. These partnerships make it easier for enterprises to launch performance big data systems built on Hortonworks that leverage in-memory computing. Enterprises will also now be able to visualize in-memory data held in GridGain using Tableau.

In-Memory Computing Thought Leadership
• This year, GridGain expanded its In-Memory Computing Summit to Europe. The first annual In-Memory Computing Summit Europe, a two-day event, took place at the Mövenpick Hotel Amsterdam City Centre. More than 200 attendees from 24 countries gathered to hear keynotes and sessions on a range of in-memory computing topics, presented by representatives of companies including ING, Barclays, Misys, NetApp, Fujitsu and JacTravel.
• GridGain will host the third annual In-Memory Computing Summit North America on October 24-25, 2017, at the South San Francisco Conference Center in Silicon Valley. The call for speaking proposals is open until July 14, 2017.

Awards
• Received Bronze Stevie Awards for GridGain Professional Edition in two categories – Company of the Year – Computer Software – Small and New Product or Service of the Year – Software – Other.
• The 12th Annual IT World Awards named GridGain the Gold Award winner in the IoT category and the Silver Award winner in the IT Products and Services for Finance, Banking and Insurance category.
• Was named a 2017 Red Herring Top 100 North America Winner.
• Was included in Database Trends & Application‘s annual DBTA 100 list of the companies that matter most in data.

“This year has seen in-memory computing continue its rapid ascension, becoming the go-to solution for accelerating data-intensive applications in financial services, fintech, ecommerce, IoT, customer-driven digital transformation, web-scale applications, and much more,” said Abe Kleinfeld, president and CEO, GridGain. “GridGain has expanded its industry and thought leadership, delivering the innovations, solutions and learning opportunities to enable enterprises to deploy next-generation memory-centric architectures that deliver the speed and scale required to meet today’s ever-growing demands.”