SOURCE: GridGain

GridGain

June 16, 2016 09:45 ET

GridGain Earns Red Herring Top 100 North America and Stevie Awards

Also Included in DBTA 100 Companies That Matter Most in Data

FOSTER CITY, CA--(Marketwired - Jun 16, 2016) - GridGain Systems, provider of enterprise-grade In-Memory Data Fabric solutions based on Apache® Ignite™, announced today four distinguished industry acknowledgments. The company was selected as a Red Herring Top 100 North America winner and won two Bronze Stevie® awards in the 14th Annual American Business Awards(SM) for "Company of the Year - Computer Software - Up to 500 Employees" and "New Product or Service of the Year - Software - Other." GridGain was also included in the DBTA 100 2016 - The Companies That Matter Most in Data.

"The business forces driving adoption of in-memory computing platforms like the GridGain In-Memory Data Fabric have never been more favorable. These honors reflect the innovative solutions we are delivering to our customers and the market momentum we have generated," said Abe Kleinfeld, President and CEO of GridGain. "The last 12 months have truly been pivotal for GridGain as we've experienced rapid adoption by companies from around the world in industries including financial services, online business services, ecommerce, IoT, telecom, and more. The next 12 months will include major new technology advances, new partnerships with leading international organizations, and significant growth from new customers as well as growing adoption from within our large enterprise customers."

Red Herring Top 100 America
Red Herring Top 100 America selects the award winners from approximately 1,200 privately financed companies each year in the U.S. and Canada. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, Palo Alto Networks and eBay would change the way we live and work. Red Herring's editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technological innovation and intellectual property, DNA of the founders, business model, customer footprint and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the "buzz" and make the list a valuable instrument of discovery and advocacy for the most promising new business models in North America.

"In 2016, selecting the top achievers was extremely difficult," said Alex Vieux, publisher and CEO of Red Herring. "The variety, depth, disruption and traction we saw from the early stage companies to those with significant scale made it one of the toughest vintages to judge. The North America winners are representative of the amazing ecosystem that never ceases to astound, with new and experienced entrepreneurs continuing to push the barriers of innovation. As one of the winners, GridGain Systems should be proud of its accomplishment under such strong competition."

The Stevie Awards
The Stevie® Awards, the world's premier business awards, were created in 2002 to honor and generate public recognition of the achievements and positive contributions of organizations and working professionals worldwide. The American Business Awards are open to all organizations operating in the U.S. and feature a wide variety of categories to recognize achievement in every facet of the workplace. Judging for the Stevie Awards emphasizes the merits of a company's claims to innovation, integrity, effectiveness, creativity, growth, etc.

For the "Company of the Year - Computer Software - Up to 500 Employees" Stevie, judges offered comments such as "Compelling nomination in a difficult category" and "In-memory computing has many potential use cases. GridGain appears to be executing very well. I will be personally following the company's development!"

For the "New Product or Service of the Year - Software - Other" Stevie, judges' comments included, "This is an excellent and innovative solution that can really assist businesses to speed up their transactions. A system such as this that allows users to access pools of data at the same time will lead to vast improvements. The coverage and overall marketing of this solution was done extremely well."

DBTA 100 2016 - The Companies That Matter Most in Data.
Each year, DBTA presents a list of 100 companies that matter in data, compelling readers to reflect on the market changes taking place. The fourth annual DBTA 100 list encompasses a wide array of companies that in myriad ways are addressing market demands with hardware, software, and services that help companies deal with the impact of the combined forces of big data, security, cloud, and analytics. According to DBTA, "New requirements for data management and analysis emerge and, in turn, fresh approaches and technologies are developed. Vendors grow and mature and sometimes outstrip others, while new startups take root."

About GridGain
GridGain is revolutionizing real-time data access and processing by offering enterprise-grade In-Memory Data Fabric solutions built on Apache® Ignite™. GridGain solutions are used by global enterprises in financial, tech, retail, healthcare and other major sectors. GridGain solutions connect data stores (SQL, NoSQL, and Apache Hadoop) with cloud-scale applications and enable massive data throughput and ultra-low latencies across a scalable cluster of commodity servers. A converged data platform, the GridGain In-Memory Data Fabric offers the most comprehensive, enterprise-grade in-memory computing solution for high-volume transactions, real-time analytics and hybrid data processing. The company is funded by Almaz Capital, MoneyTime Ventures and RTP Ventures. For more information, visit gridgain.com.

GridGain is a trademark or registered trademark of GridGain Systems, Inc. Apache, Apache Hadoop, Hadoop, Apache Ignite, and Ignite, are trademarks of The Apache Software Foundation. All other product and company names herein may be trademarks of their registered owners.

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