FOR IMMEDIATE RELEASE   KOGNITIO COMPLETES MOST SUCCESSFUL YEAR IN COMPANY’S HISTORY, WITH              YEAR-OVER-YEAR VOL...
•   Its first enterprise license agreement with bet365 Group, Ltd., one of the world’s       leading online gambling group...
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Fy13 performance final

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Press Release - 03 April 2013, the just-ended fiscal year was the best ever for Kognitio!

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Transcript of "Fy13 performance final"

  1. 1. FOR IMMEDIATE RELEASE KOGNITIO COMPLETES MOST SUCCESSFUL YEAR IN COMPANY’S HISTORY, WITH YEAR-OVER-YEAR VOLUME INCREASE OF 99 PERCENT146% increase in Kognitio Cloud orders, first-ever enterprise license, strong expansion in North American market highlight company’s growthNEW YORK, April 3, 2013 — Kognitio, driving the convergence of Big Data, in-memoryanalytics and cloud computing, today announced the conclusion of the most successfulyear in its history. The company said it doubled its bookings in FY13, growing at a year-over-year rate of 99.2 percent, and reported revenue numbers for the fourth quarter ofits fiscal year that were 69 percent higher than the third quarter, and 48 percent higherthan for the same period last year.Kognitio attributed its record-setting growth to the overwhelming interest in Big Data,as well as its ability to deliver affordable solutions that make business data analytics farmore available to companies of all sizes than ever before.(To share the content of this release via Twitter, CLICK HERE.)Kognitio reported a year-over-year increase of 146 percent in contracts for its KognitioCloud service, and 283 percent for software licensing. During its more than 20 years inbusiness, Kognitio has been at the forefront of virtually every major innovation in dataanalytics, ranging from the industry’s first in-memory analytical database and the firstintegrated appliance to offering data analytics as a service and more.“A year ago, I told our team that I had high expectations for them. We exceeded thoseexpectations,” said Steve Millard, Kognitio president and chief executive officer. “Inevery major area, we outperformed our projections. Companies that need the speedand power of in-memory data analytics understand, more than ever, that Kognitiodelivers the insights they want, in a more flexible and less-costly manner than itscompetitors.”Kognitio also reported: • Its third consecutive quarter of double-digit growth;
  2. 2. • Its first enterprise license agreement with bet365 Group, Ltd., one of the world’s leading online gambling groups with more than seven million customers in 200 countries; and • Substantial growth in the North American market, including new contracts with several major Fortune 500 firms, including a major superstore retailer.Kognitio also introduced several innovations to the market during its fiscal year,including offering a fully functional copy of the Kognitio Analytical Platform at no chargethrough the Amazon and Informatica marketplaces, and announced support formassively parallel “R” via external scripts for computationally intensive processes. Inaddition, Garter Inc. analysts positioned Kognitio in the “visionaries” quadrant of their“Magic Quadrant for Data Warehouse Database Management Systems,” published inFebruary, and Enterprise Management Associates analysts recently reported in a whitepaper that Kognitio “shows the most promise for an in-memory” database, whencompared with Oracle TimesTen and SAP HANA.“All of this shows clear momentum on our part,” Millard said, “and it places us in anenviable position in the marketplace. We are delivering solid value and a solution thathas us poised for even greater growth as we enter our new fiscal year.”About KognitioKognitio is driving the convergence of Big Data, in-memory analytics and cloudcomputing. Having delivered the first in-memory analytical platform in 1989, it wasdesigned from the ground up to provide the highest amount of scalable compute powerto allow rapid execution of complex analytical queries without the administrativeoverhead of manipulating data. Kognitio software runs on industry-standard x86servers, or as an appliance, or in Kognitio Cloud, a ready-to-use analyticalplatform. Kognitio Cloud is a secure, private or public cloud Platform-as-a-Service(PaaS), leveraging the cloud computing model to make the Kognitio Analytical Platformavailable on a subscription basis. Clients span industries, including market research,consumer packaged goods, retail, telecommunications, financial services, insurance,gaming, media and utilities.To learn more, visit www.kognitio.com and follow us on Facebook, LinkedIn and Twitter. ###For more information: Michael Hiskey Steve Friedberg Kognitio MMI Communications +1.646.216.2073 +1.610.518.7474 michael.hiskey@kognitio.com steve@mmicomm.com

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