SOURCE: SwiftStack

SwiftStack

February 03, 2015 13:16 ET

SwiftStack Named a Major Player in IDC MarketScape Object-Based Storage Vendor Assessment

Innovation, Scalability and Cost Reduction Cited as Benefits of Object-Based Storage

SAN FRANCISCO, CA--(Marketwired - Feb 3, 2015) - SwiftStack, the leader in software-defined storage for the cloud, today announced that it has been named a Major Player in the IDC MarketScape: Worldwide Object-Based Storage 2014 Vendor Assessment. In the report, IDC identified a select group of emerging players that were delivering OBS solutions, noting their ability to bring to the market potentially disruptive technologies. Scalability, advanced data management, and storage efficiency were cited by IDC as important attributes of OBS solutions buyers should consider.

"As businesses move toward petabyte-scale data storage, OBS solutions are turning out to be the right choice for balancing scale, complexity, and costs. By way of their core design principles, OBS platforms deliver unprecedented scale at reduced complexity and reduced costs over the long term," IDC noted in the report.

"SwiftStack being named a Major Player is indicative of its innovation and leadership in developing a scalable, manageable and simple storage solution for enterprises," said Joe Arnold, CEO, SwiftStack. "We are appreciative of IDC's recognition and its further validation of our belief that disruptive technologies such as those developed by SwiftStack will move object storage technology faster and further ahead."

SwiftStack's software-defined, object storage platform, built on the OpenStack Swift object storage engine, is well positioned to capture more market share in the OBS solutions technology space IDC forecasts to grow at a CAGR of over 27 percent through 2018. 

In IDC's evaluation, the report said it gave additional points to software-based platforms that can be installed on any commodity-based hardware. SwiftStack runs on standard commodity server and storage hardware. Customers can choose the type of storage, whether new or existing, heterogeneous or homogeneous, HDDs or SSDs, adding the capacity and configuration they need when they need it -- eliminating underutilized capacity and over-purchasing.

About SwiftStack
SwiftStack is an industry leading software defined storage company. With OpenStack's object storage project Swift at its core, SwiftStack offers a flexible and powerful software platform that allows operators to deploy, integrate and scale on standard hardware. With SwiftStack, applications developers and operations teams can leverage the power of an object storage infrastructure with the control, security and total cost of ownership their business demands. Launched in 2011, the company boasts support for large enterprise F500 customers. SwiftStack is headquartered in San Francisco, with offices globally, and is backed by top-tier investors, including Mayfield Fund and Storm Ventures. Connect with us on Twitter and LinkedIn, or please visit www.swiftstack.com.

About IDC MarketScape
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of IT, telecommunications, or industry-specific suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT, telecommunications, or industry-specific vendors can be meaningfully compared. The framework also provides technology buyers with a transparent foundation to allow companies to independently compare the strengths and weaknesses of current and prospective vendors.

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