SOURCE: GridGain

GridGain

September 13, 2016 08:00 ET

GridGain Systems Introduces In-Memory Computing Solutions Deployed on Microsoft Azure to Address the Needs of the Financial Services Industry

Meets Growing Customer Demand by Top Tier Banks Worldwide for Easily Deploying GridGain Solutions in the Cloud

FOSTER CITY, CA--(Marketwired - Sep 13, 2016) - GridGain Systems, provider of enterprise-grade In-Memory Computing solutions based on Apache® Ignite™, announced today that they are now offering the GridGain In-Memory Data Fabric deployed on Microsoft Azure. The newly available GridGain on Azure will help financial services organizations leverage Microsoft's integrated cloud services to rapidly and effectively deploy GridGain's distributed, massively parallel, in-memory solution.

Based on Apache Ignite, the GridGain In-Memory Data Fabric enables massive scale out of data-intensive applications and a 1,000x improvement in transaction times versus disk-based approaches without replacing the existing underlying databases. It provides high-speed transactions with ACID guarantees, real-time streaming, and fast analytics in a single, comprehensive data access and processing layer. GridGain powers existing or new applications in a distributed, massively parallel architecture on affordable, industry-standard hardware, which can be easily scaled by adding more nodes to the compute grid. The GridGain In-Memory Data Fabric requires minimal or no modifications to the application or database layers for architectures built on RDBMS, NoSQL or Apache™ Hadoop® databases.

"The release of GridGain's In-Memory Data Fabric on Microsoft Azure is an important step in addressing the needs of our rapidly expanding customer base," said Abe Kleinfeld, President and CEO of GridGain. "In particular, we're seeing broad adoption of GridGain by top tier banks and financial services firms who are in turn moving quickly to the cloud. Those users will now have a reliable, high performance platform on which to easily deploy GridGain solutions for OLTP, OLAP or hybrid OLTP/OLAP use cases. With the flexibility of Azure, our customers will have options whether they are outsourcing all of their server environment or simply offloading peak compute workload on demand."

"With the growing adoption of Microsoft Azure among top tier banks worldwide, it's a natural fit for GridGain to be offered on Azure to address the needs of leading financial services companies looking for a way to deploy in-memory computing in the cloud," said Nicole Herskowitz, senior director of product marketing, Microsoft Azure, Microsoft Corp. "The addition of the GridGain In-Memory Data Fabric to the Microsoft Azure Marketplace helps our mutual financial services customers rapidly and conveniently deploy GridGain."

About GridGain
GridGain is revolutionizing real-time data access and processing by offering enterprise-grade in-memory computing solutions built on Apache® Ignite™. GridGain solutions are used by global enterprises in financial, ecommerce, retail, online business services, healthcare, telecom 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. The GridGain In-Memory Data Fabric is the most comprehensive, enterprise-grade in-memory computing platform for high volume ACID transactions, real-time analytics and hybrid transactional/analytical 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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