SOURCE: ParAccel

ParAccel

March 15, 2010 11:53 ET

The Wall Street Journal Recognizes ParAccel as a Top 50 Performer

Venerable Business Publication Names ParAccel to Coveted List of Top Venture-Backed Companies in the United States

CUPERTINO, CA--(Marketwire - March 15, 2010) - ParAccel, Inc., provider of the record-breaking ParAccel Analytic Database (PADB) for data warehousing and analytics, today announced it was named among The Wall Street Journal's Top 50 Venture-Backed Companies, a list compiled to identify the most promising young companies in the U.S. The recognition cites ParAccel's depth of leadership, significant recent growth and groundbreaking advancements in discovery and intelligent inquiry.

Using information and methodologies developed by research firm VentureSource, The Wall Street Journal culled its list of the top 50 from approximately 10,000 venture-backed, privately held companies based on recent fund-raising activity, the caliber of company founders, management and venture investors on the boards of directors, and the growth in company valuation in the 12 months prior to Nov. 30, 2009. ParAccel founder Barry Zane was a technical co-founder of Netezza, a $700 million publicly traded data warehouse company, and has a track record spanning three decades of developing new products, principally large distributed and parallel software and hardware systems. ParAccel's management team also includes Rick Glick, the former Chief Technology Officer of Teradata's Database Engineering Group, and Bruce Scott, one of the four founders of Oracle and a co-founder of Gupta.

In naming ParAccel No. 18 on its list of Top 50 Venture-Backed Companies, The Wall Street Journal made a special note of the presence of board member John Jarve, a 25-year veteran of the venerable Menlo Ventures, which led ParAccel's $22 million Series C financing in June 2009. "We have sought out and supported young companies whose innovative new technologies have disruptive powers in the marketplace and significant growth potential and ParAccel is a prime example," said Jarve, who is Managing Director of Menlo. "ParAccel has developed powerful new technology to meet the colossal needs of data-driven companies who are accumulating vast amounts of data faster than they can understand it. Bringing new insight at superior performance and price-performance levels, ParAccel is poised to be the chief beneficiary of this decade's emphasis on data-driven competitive intelligence."

"We're honored by the recognition as one of the most promising young companies in the country," said Zane, who is also Chief Technology Officer of ParAccel. "We have consistently proven our unmatched ability to provide new levels of speed and efficiency to our customers' analytic challenges and deliver greater decision confidence, and it's gratifying that our growth and development in recent years has caught the attention of the business community."

About ParAccel, Inc.

ParAccel, Inc. is the leading provider of data warehouse solutions for automated operational applications and ad-hoc strategic queries using scalable analytic database technology. The ParAccel Analytic Database™ (PADB) is a new generation, MPP-Columnar DBMS that is delivering breakthrough analytic and price performance in customer environments. It delivers the world's fastest data analytics using commodity hardware and standard interfaces and is available as software or a virtual or packaged data warehouse appliance. Leading companies use ParAccel to maximize their analytic performance advantage to achieve greater decision confidence quickly and efficiently. ParAccel's management team includes technical founders and industry veterans from noted data management companies Netezza, Oracle, Teradata, Gupta, SenSage, PointBase, and IBM. ParAccel is based in California with offices in Cupertino and San Diego. For more information please contact us at info@paraccel.com or 866-903-0335, or visit us at http://www.paraccel.com.

About Menlo Ventures

Menlo Ventures provides long-term capital and management support to early-stage and emerging-growth companies. Menlo is one of Silicon Valley's oldest venture capital partnerships, and has organized and managed ten venture funds since their inception in 1976. With over $4 billion under management since inception, and a team with over two hundred years of collective experience in technology, marketing, sales and general management, they have the resources to support the most ambitious of projects.

Contact Information

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