REDWOOD CITY, CA--(Marketwired - Apr 2, 2014) - ThoughtSpot, the revolutionary innovator in bringing search to business data, today announced that it has been named a 2014 "Vendor to Watch" by Enterprise Management Associates (EMA), which recognized the company for its search-based business intelligence platform.
EMA "Vendors to Watch" are companies that deliver unique customer value by solving problems that had previously gone unaddressed or provide value in innovative ways. EMA concludes that "linking search query technologies, enterprise sized datasets, and performance consistent with that of the Google search bar, ThoughtSpot enables the analytical process quicker than existing business intelligence solutions using traditional query and presentation techniques."
Estimates have the Business Intelligence platform market valued over $14 Billion in 2013 and set for a growth rate over 5% for the next 3-4 years. However, the "data discovery" marketplace with its ability to meet the exploratory workload demands of both enterprise IT and business users remains a largely underserved space. This is the gap that ThoughtSpot aims to fill through its innovative approach of search-based access and analysis of business data, where business users get the ease of use and fast access to data while IT and BI organizations can manage all the data at enterprise scale, securely.
"ThoughtSpot is positioned to offer enterprise-class scale and security to the search-based business intelligence market," noted John Myers, Research Director at Enterprise Management Associates, a Boulder, CO analyst firm. "The ability to concurrently load and analyze data from data warehouses, cloud data sources and user data from desktops into the ThoughtSpot appliance enables both processing performance and user and role security important to IT Departments."
"Since we started our early access program last October, we have received overwhelmingly positive feedback from our customers," said Anand Raghavan, Director, Product Marketing at ThoughtSpot. "We are honored by this recognition from EMA and look forward to our commercial launch later this year to bring our product into the hands of all enterprise users."
ThoughtSpot Data Search Appliance eliminates the need for traditional BI tools through ThoughtSpot Relational Search Engine combined with its enterprise-class ThoughtSpot In-Memory Database. Click here to access the EMA "Vendor to Watch" report, learn more about ThoughtSpot Data Search Appliance, or request early access to the product.
About EMA: Founded in 1996, Enterprise Management Associates (EMA) is a leading industry analyst firm that provides deep insight across the full spectrum of IT and data management technologies. Learn more at www.enterprisemanagement.com and at blogs.enterprisemanagement.com.
About ThoughtSpot: ThoughtSpot is solving the "last mile" problem for business data in enterprises. The ThoughtSpot founders have previously built the fastest-growing enterprise tech company of the last decade, Nutanix, and also market-defining search and analytics technologies at companies such as Google, Yahoo and Oracle. For more information visit http://www.thoughtspot.com. Follow us on Twitter at @thoughtspot.
Contact Information:
Media contacts:
Anand Raghavan
ThoughtSpot
Email: anand@thoughtspot.com
Phone: +1-415-710-3083