MicroStrategy and ParAccel to Deliver Analytical Platform for Social and Cloud-Based Applications
ParAccel to Build MicroStrategy-Specific Enhancements to Further Optimize Performance
MONTE CARLO, Monaco, July 13, 2011 -- MicroStrategy® Incorporated, a leading worldwide provider of business intelligence (BI) software, and ParAccel, Inc., today announced they have extended their relationship to make ParAccel's high performance analytical technology a core component of MicroStrategy's social applications and an option for MicroStrategy Cloud(TM) customers. To support these applications, ParAccel has invested dedicated resources, provided comprehensive access to its software, and is committed to delivering specific product enhancements that will optimize the integration of ParAccel's analytic engine with MicroStrategy Cloud.
MicroStrategy Cloud is designed to enable rapid, cost-effective development of business intelligence, mobile and social apps. As a purpose-built cloud service architected and optimized for large data volumes, high concurrency, and high performance, MicroStrategy Cloud makes the complete MicroStrategy platform available to customers, enabling them to focus on core competencies rather than maintain their own infrastructure and software.
ParAccel, a leading analytics platform, is designed specifically for high performance complex analytics at extremely high scale. Through its on-demand analytics capabilities, ParAccel can leverage and integrate a comprehensive range of analytic methods and types of structured and unstructured data, resulting in rapid and deep insights for the most dynamic and complex data challenges. ParAccel delivers this performance with the high levels of flexibility required for cloud deployments, prompting Amazon.com, a recent investor in ParAccel, to state that ParAccel was causing the industry "to rethink databases in the cloud." From its inception, the ParAccel analytic platform was envisioned to meet the extreme requirements of Big Data cloud implementations, scaling to hundreds of nodes, thousands of users, and petabytes growing to exabytes of data. ParAccel is designed to provide the flexibility for deployment on industry standard data center infrastructure and is optimized for virtualized environments, making it a natural choice to power MicroStrategy social applications.
"ParAccel and MicroStrategy share a common goal of enabling organizations to quickly and easily use the cloud to develop and deploy friendly, social, mobile and viral business intelligence applications," said Sanju Bansal, MicroStrategy Chief Operating Officer. "MicroStrategy Cloud will combine the power and flexibility of ParAccel's analytical engine with MicroStrategy's industry-leading business intelligence platform, enabling organizations to deliver large-scale applications faster and more cost effectively than ever before."
"We are excited to participate in the next generation of cloud-based analytic services," commented Chuck Berger, chairman and CEO of ParAccel. "MicroStrategy is an ideal partner for ParAccel, as both of our companies are focused on providing best-of-breed analytic solutions to organizations where information analysis is understood to be a significant competitive advantage."
For more details, visit http://www.microstrategy.com/montecarlo2011.
In today's analytics-driven environment, gaining fast and accurate business insights from massive volumes of data provides significant strategic advantage. As the leader in the high performance Analytics Platform, ParAccel enables organizations to address their most dynamic and complex analytic challenges and rapidly gain ultra-fast, deep insights from very large data sets. ParAccel's Fortune 1000 customers include companies in the financial services, retail and healthcare industries, as well as government agencies. Each organization uses ParAccel to address their business-critical data issues outside the scope of conventional data warehouses and existing analytic tools.
For more information please contact us at email@example.com or 866-903-0335, or visit us at http://www.paraccel.com.
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy software enables leading organizations worldwide to analyze the vast amounts of data stored across their enterprises to make better business decisions. The MicroStrategy platform delivers actionable information to business users via the web and mobile devices, including the iPad, iPhone, and BlackBerry. Companies choose MicroStrategy for its ease-of-use, sophisticated analytics, and superior data and user scalability. MicroStrategy offers free reporting software that can be downloaded from its website. To learn more about MicroStrategy, visit www.microstrategy.com and follow us on Facebook (http://www.facebook.com/microstrategy) and Twitter (http://www.twitter.com/microstrategy).
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