FOSTER CITY, Calif., April 30, 2014 /PRNewswire/ -- GridGain(TM) Systems (Gridgain.com), provider of the leading open source In-Memory Computing (IMC) Platform , today announced that Gartner has recognized it in its "Cool Vendors in In-Memory Computing Technologies, 2014" report.
"We believe that the increased attention given to In-Memory-Computing signifies the growing role that IMC is playing across all industries," said Abe Kleinfeld, CEO, GridGain. "Companies today need to consider an in-memory computing architecture to address the hyper-scale demands of Big Data, Internet of Things (IoT) and Cloud Computing."
In contrast to traditional disk-based processing, IMC enables data to be stored in RAM across a cluster of computers. By moving data from disk to RAM (memory), processing speed improves by orders of magnitude. The falling cost of RAM has made the economics of in-memory computing broadly accessible to organizations of all sizes -- GridGain recently demonstrated one billion financial transactions per second on just $25,000 of commodity hardware, using its In-Memory Data Grid software.
The Gartner report(1) states: "IMC technologies support the agility and large-scale, fast data processing needed to succeed in the digital era. Application architecture leaders should master IMC architectures and technologies, or run the risk of undermining their organizations' ability to leverage digital business opportunities."
On March 3, 2014 GridGain released its industry leading In-Memory Computing Platform, which includes the industry's first in-memory accelerator for Hadoop, through an Apache 2.0 open source license, making IMC the most effective, economical way to achieve previously unimaginable performance with commodity hardware. GridGain's open source, end-to-end in-memory computing platform provides immediate, unhindered freedom to develop with the most mature, complete and tested in-memory computing platform on the market. The report(1) asserts that GridGain's features, functionality and delivery model make it "...one of the few IMC open-source technologies available and the only one, so far, providing such a rich set of functionality."
GridGain develops the leading open source In-Memory Computing Platform, enabling organizations to conquer challenges that traditional technology can't approach. From high-performance data management and real-time streaming to an industry first in-memory Hadoop accelerator, GridGain provides the most complete end-to-end stack for low-latency, in-memory computing that allows customers to easily innovate ahead of the accelerating pace of business. Fortune 500 companies, top government agencies and innovative mobile and web companies use GridGain to achieve unprecedented computing performance and business insights. GridGain is headquartered in Foster City, California. To download the GridGain In-Memory Computing Platform, please visit http://www.gridgain.org.
(1) Gartner "Cool Vendors in In-Memory Computing Technologies, 2014" by Massimo Pezzini, Joseph Unsworth, Tim Payne, Michele Reitz, Roxane Edjlali, 11 April 2014.
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SOURCE GridGain Systems