COLOGNE, Germany & REDWOOD CITY, Calif.--(BUSINESS WIRE)--ParStream, provider of the fastest Big Data analytics platform, announced today that the company has been recognized by CIO.com as the number one Big Data Startup.
“What makes [ParStream] stand out is their focus on ‘Fast Data’,” said Jeff Vance, the contributing writer for CIO.com and Editor-in-Chief of Startup50. “Fast Data will help companies make immediate, real-time decisions that will help them to be more effective in customer targeting, customer support, and messaging."
The CIO.com article states that “ParStream enables ‘Fast Data’ by using a distributed architecture that processes data in parallel. Traditional databases just weren’t designed for Big-Data-scale analytics, and they certainly aren’t able to deliver those insights in real time. Traditional databases analyze data sequentially and aren’t able to take advantage of advances in multi-core processing.”
“We are extremely pleased with CIO.com’s recognition of Parstream as the Top Big Data startup. But more important for us is the reason why CIO.com put us in the lead – ‘Fanatical end user support and unique positioning as a Fast Data company’ – ParStream is the next generation analytics platform product and we are enabling our customers to benefit from opportunities arising out of Big Data,” said Michael Hummel, CEO, ParStream. “We are sincerely appreciative of the support from our voters and users. This reinforces our conviction that the Big Data industry is moving toward a focus on Fast Data, and that platforms such as Parstream, dedicated to delivering instantaneous results, are today’s requirement.”
ParStream was initially nominated as one of over 100 Big Data startups on Startup50.com, an outlet covering startups and emerging trends. Companies were judged by a number of criteria, including company age, funding, pedigree of management team, product idea, and current market positioning and traction, by over 11,000 voters. The rounds of voting launched ParStream into CIO.com’s Top 10 Big Data Startups to Watch ranking, where the top companies were voted on again to determine the leaders. Due to the combination of its unique positioning, the result of the voting, and end-user reviews, ParStream was considered the Top Big Data Startup to Watch.
For more information, please visit www.parstream.com/news/cio/. The article and ballot can be found here: http://www.cio.com/article/736377/10_Top_Big_Data_Startups_to_Watch_Final_Rankings.
ParStream is the creator of a revolutionary high-performance, analytical, distributed database system especially engineered to solve real-time Big Data challenges. The ParStream platform enables customers to continuously import, store, and analyze Big Data, in real-time. The platform delivers sub-second query response times on billions of data records and runs on ParStream’s proprietary columnar database. ParStream has a proven track record in several industries, such as travel, e-commerce, finance, and online advertising. The company is funded by Khosla Ventures and other institutional and angel investors and has operations in Silicon Valley, USA; Cologne, Germany; and Paris, France. ParStream is CIO.com’s top Big Data start-up to watch and has won awards such as “The Red Herring Top 100 Europe”, “Gartner Cool Vendor”, and “The ComputerWeek (Germany) Big Data Innovation Award”. For more information, please visit www.parstream.com.
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