Vertica Extends Lead In Analytic Data Warehouse Market with Version 4.0
By Vertica, PRNETuesday, May 25, 2010
Early customers already reporting huge business benefits from Vertica's enhanced analytics and performance features
BILLERICA, Massachusetts, May 26, 2010 - Vertica today announced the newest version of the Vertica Analytic
Database is now commercially available worldwide. Vertica 4.0 is already
delivering real business benefits to some of the world's biggest financial
services, communications, Internet, healthcare and retail companies.
"The volume of information we analyze requires a carrier-class database
solution," said Mark Muehl, Comcast's senior VP of product engineering.
"Vertica has been an easy and economical way to deploy and scale multiple
large database applications. Using 4.0's enhanced analytic functions, we've
been able to complete complex analyses faster and more efficiently."
Customers who are tight on available computing resources are reporting
Vertica 4.0 is helping them "do more with less" with a new workload manager
that lets them manage complex mixed query workloads to best meet business
priorities. Others who had no prior experience working with columnar
databases are taking advantage of Vertica's new "load-and-query" data
designer, which automatically generates optimized storage structures greatly
simplifying development and tuning.
Capital IQ, which provides financial research and analysis solutions to
thousands of investors, is using Vertica 4.0 to do complex custom pricing
aggregations on terabytes of securities data in real time. "Capital IQ
provides deep insight and detailed coverage of the financial markets in the
Capital IQ Platform. Query response times, scalability and stability are
critical to our customers," said William Murphy, chief technology officer at
Capital IQ. "With the new features of the automatic database designer in
Vertica 4.0, we are able to double the performance of our system while
significantly reducing the amount of storage required."
The Vertica Analytic Database 4.0 includes a host of new features making
the product even simpler and faster. A new patent-pending database designer
automatically delivers the full benefits of Vertica's best-in-class
performance, on any hardware platform, with the simplicity of an appliance.
Vertica's purpose built, modular MPP architecture enables rapid development
of workload management and unmatched analytics including time-series and
sessionization capabilities supporting a broader variety of applications,
while the new patent-pending Optimizer and Execution Engine can boost the
database's query performance by up to 400 percent.
BlueCrest Capital Management, a leading European hedge fund with over
US$15 billion in assets under management, is taking advantage of Vertica
4.0's faster performance to power its real-time market data management
application infrastructure, which aggregates fixed income, equities, FX and
related derivatives, exotic commodities, energy, and alternative asset
classes. "BlueCrest has been working with the new features of 4.0 since
January," said Justo Ruiz-Ferrer, head of Trading Strategy Systems at
BlueCrest Capital Management. "We have been able to perform analyses in the
database using the new time series capabilities that previously would have
required customized programming outside the database. Vertica 4.0 enables us
to accomplish more analyses faster and with less effort."
Some of Vertica's Internet company customers are using the database's
Hadoop integration and new sessionization capability to analyze web
clickstream data to identify valuable user patterns for applications such as
fraud detection, ad selection and revenue prediction.
And international customers have been clamoring for Vertica 4.0, which is
now fully Unicode capable, supporting international data sets, collations and
locales. "Vertica has dozens of satisfied customers overseas, but Vertica 4.0
will be our flagship for a huge international expansion," said Christopher
Lynch, Vertica's new President and CEO. "Vertica 4.0 is backed by a rich
ecosystem of software, services, server and storage vendors. We intend to
fundamentally change the way the world is able to store, access and monetize
their data."
About Vertica
Vertica Systems provides a true columnar analytic database management
system that delivers the fastest, most scalable and easiest way to gain
business intelligence from huge volumes of data in near-real-time. Vertica
has developed a modern SQL-based analytic database with an MPP architecture
that runs on low-cost standard hardware. The technology enables companies to
gain a competitive edge by querying enormous databases 50x-1000x faster and
for a lower Total Cost of Ownership than other solutions. The Vertica
Analytic Database is available as software only, as a hardware-based
appliance, as a virtual appliance on VMware or online as a cloud computing
solution. The technology's unmatched speed, simplicity and scalability are
used by more than 130 customers including JP Morgan Chase, Verizon, Guess
Inc., Zynga, Capital IQ, Mozilla and Comcast. Vertica is headquartered in
Billerica, Mass. For more information, visit the company's Web site at
www.vertica.com.
Ed Marshall of Beaupre, +1-603-559-5816, emarshall at beaupre.com, for Vertica
Tags: Billerica, Massachusetts, May 26, United Kingdom, Vertica