SOURCE: Violin Memory, Inc.

Violin Memory, Inc.

November 10, 2015 06:00 ET

Leading European-Based Hedge Fund Adds Violin Flash Storage Platform to Support Massive Computational Analyses on Multi-Terabyte Datasets

Fund Managers Cite Data Persistence as Critical Metric in Selecting Violin to Replace Legacy Disk-Based Arrays

SANTA CLARA, CA--(Marketwired - November 10, 2015) - Violin Memory®, Inc., (NYSE: VMEM) a global pioneer of award-winning all flash storage platform solutions for primary storage and active workloads, today announced that a top European-based hedge fund has deployed the Violin 7300 Flash Storage Platform™ (FSP) for use in the computational analysis of massive datasets. The hedge fund selected Violin 7300 FSPs for its ability to support data persistence in analyzing and back-testing trading strategies before running those strategies in live production.

This latest win by Violin involves adding 7300 FSPs to an existing Violin all flash array deployment that supports the fund's "calculation farm" which is used to increase the scope of the fund's research zone. The research zone feeds data into the calculation farm and SQL databases -- all of which have experienced significant performance improvements since the initial deployment of Violin all flash arrays.

For unified management of the arrays, the fund selected Violin's Symphony™ flash management console, a single portal for managing petabytes of primary, flash-based storage across Violin's Flash Storage Platforms and all flash arrays.

"Data persistence simply cannot be overlooked as a major contributor to success in the operations of high-performance, high-throughput applications that are critical to our operations," said a spokesperson for the customer. "Even when using multiple CPUs and parallel and grid computing techniques, we found that overall computational performance could be jeopardized as CPUs sat idle waiting for our previous disk-based arrays to catch up. The Violin all flash array deployment had a sweeping effect on our operations, lowering latency and bringing overall performance increases that were astounding -- ensuring improvements in data persistence. These performance improvements have influenced our decision to move forward to expand our flash storage environment to include Violin's 7300 FSP."

"Clients in the capital markets need to process existing and live data for a vast number of scenarios, which means they need an enterprise-class, persistent data platform that can concurrently read and write gigabytes of data per second -- supporting the needs of multiple users to build and query datasets in realtime," said Mike O'Hara, publisher of The Trading Mesh, an online magazine and social network for the global electronic trading industry.

"Saving milliseconds or even microseconds can provide quantum improvements in performing quantitative analysis on massive datasets," said Kevin DeNuccio, president and chief executive officer, Violin Memory. "Quite simply, the place for legacy infrastructure, such as disk-based arrays is shrinking when flash storage platforms can deliver massive improvements in latency and in overall storage performance."

The Violin FSP represents the ultimate enterprise storage solution, the shortest path to the all-silicon data center while delivering continuous data protection and the highest-performance storage at the lowest CAPEX and OPEX possible today.

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About Violin Memory

Business in a Flash. Violin Memory, the industry pioneer in All Flash Arrays, is the agile innovator, transforming the speed of business with enterprise-grade data services software on its leadership Flash Storage Platforms™. Violin Concerto™ OS 7 delivers complete data protection and data reduction services and consistent high performance in a storage operating system fully integrated with Violin's patented Flash Fabric Architecture™ for cloud, enterprise and virtualized business and mission-critical storage applications. Violin Flash Storage Platforms are designed for primary storage applications at costs below traditional hard disk arrays and accelerate breakthrough CAPEX and OPEX savings while helping customers build the next generation data center. Violin Flash Storage Platforms and All Flash Arrays enhance business agility while revolutionizing data center economics. Founded in 2005, Violin Memory is headquartered in Santa Clara, California. Visit Violin Memory at www.violin-memory.com and follow us @twitter.com/violinmemory.

Violin Memory Forward-looking Statement

This public announcement contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding potential technology, business and financial benefits to customers resulting from the use of Violin Memory's products, and Violin Memory's business plans and strategy. There are a significant number of risks and uncertainties that could affect Violin Memory's business performance and financial results, including those set forth under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," in Violin Memory's Quarterly Report on Form 10-Q for the second quarter of fiscal year 2016, which was filed with the U.S. Securities and Exchange Commission, and which is available on the Violin Memory's investor relations website at investor.violin-memory.com and on the SEC's website at www.sec.gov. All forward-looking statements in this public announcement are based on information available to Violin Memory as of the date hereof, and Violin Memory does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

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