SOURCE: Alpine Data Labs

Alpine Data Labs

March 03, 2015 11:30 ET

Alpine Data Labs Delivers 10X Business Growth in 2014

Leading Fortune 1000 Companies Embrace Alpine Chorus as the Advanced Analytics Platform for Business Value in the Big Data Era

SAN FRANCISCO, CA--(Marketwired - Mar 3, 2015) - Alpine Data Labs, the leader in Advanced Analytics for Big Data, today announced record results for all of 2014. The company delivered explosive growth across all business metrics, highlighted by more than a 10X year over year growth in annual billings and subscriber count. The company further confirmed the acceleration of its business by noting that software bookings for its most recent quarter exceeded results for all of 2013.

The record growth was fueled by the exponential adoption of its award-winning technology across a diverse set of industries and by companies such as Morgan Stanley, Lockheed Martin and VMware. Alpine Chorus is becoming the enterprise reference platform to manage a company's entire analytics lifecycle and change the way advanced analytics and data science are developed, operationalized and consumed by businesses of all sizes.

"Our business model is firing on all cylinders," says Joe Otto, CEO Alpine Data Labs. "Our results are reflective of the new way enterprises are using Advanced Analytics to transform their business. While our product vision has always been inspired by the power of machine learning at web scale, we've learned it's not just about algorithms. Our platform approach changes the game by enabling a broader set of users to engage collaboratively with the analytic process. As a result, our customers generate relevant insights at a much faster pace, connect them to the business more efficiently, and create business outcomes in a way that was simply not possible with legacy implementations."

Global brands in Financial Services, Healthcare, Manufacturing, and Media use the Alpine Chorus predictive analytics platform for various use cases, from customer intelligence to data discovery and governance. "Alpine Data Labs is one of the most innovative players in the space. The way they quickly embraced emerging platforms like Spark while continuing to provide seamless access to RDBMS, MPP and Hadoop speaks to the utility of the platform to solve a broad set of problems. We continue to discover new ways to use Advanced Analytics from simple exploration and data blending, to sophisticated algorithms which allow us to optimize operations and get an ROI north of 500%," says Matt Cunningham, EVP Integration & Value Improvement at $1.5B healthcare leader CareCore National.

"The Advanced Analytics market has been largely unchanged for the past 40 years," adds Otto. "We are in the early stages of a new era. Just as spreadsheets democratized financial analysis for the business user, we are helping our customer overcome the barriers that are preventing broad access to Advanced Analytics. The growing number of business practitioners and executives using Alpine Chorus day to day confirms that Advanced Analytics is a front and center tool for business enablement."

Alpine Data Labs received numerous industry accolades in 2014 and most recently, was named a Visionary in the Gartner Magic Quadrant for Advanced Analytics. This year, the company plans to expand its market presence through new channels of distribution and industry partnerships to meet the increase in demand for its technology. Find out more at www.alpinenow.com

ABOUT ALPINE DATA LABS
Alpine Chorus is the most comprehensive platform for Advanced Analytics in the Enterprise. Using Alpine Chorus, organizations can manage the entire analytic lifecycle in one environment, and enable people to build, deploy and consume analytic applications and insights in an agile and collaborative manner. Leaders in all industries, from Financial Services to Healthcare, use Alpine Chorus to outsmart their competition. Find out more at: www.alpinenow.com

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