BILLERICA, MA, August 11, 2010 – Vertica Systems, the leading provider of next-generation software platforms for real-time analytics, today announced the appointment of Scott Thompson, president of PayPal, to its board of directors.
Thompson, who currently oversees the leading global online payment service, brings unprecedented experience to Vertica. Prior to becoming president, Thompson served as PayPal’s senior vice president and chief technology officer where he oversaw information technology, product development and architecture. His proven track record for driving growth and success in the Web 2.0 space will prove invaluable to the Vertica team as it continues to build market share and expand its worldwide organization.
“Vertica dramatically improves the value companies can gain from one of their most critical yet often untapped assets – data. And Vertica’s capabilities within the web and cloud space are unparalleled,” said Scott Thompson, president of PayPal. “Vertica’s architecture allows companies to capture vast amounts of data and offer real-time insight and action at the most granular and personalized levels to build differentiated products and services in a wide range of markets.”
Thompson’s appointment follows another prominent addition to Vertica’s Board. Cheng Wu, a former Cisco vice president and general manager and proven serial entrepreneur in the cloud and virtualization space, was welcomed in June. Vertica’s recent expansion into major markets in the US and abroad, as well as increased focus on new vertical industries, has resulted in unprecedented growth and momentum.
“Vertica continues to lead the charge for next-generation analytics platforms,” said Christopher Lynch, president and CEO of Vertica. “Our customer base relies on us to provide the unparalleled flexibility, scalability, and value derived from Vertica’s real-time analytics infrastructure. Scott’s exceptional web market knowledge and technology perspective, combined with his broad business experience, will be of enormous benefit to Vertica. Attracting someone of Scott’s stature is an honor and further validates Vertica’s market importance. He will play a leading role in working closely with the management team to identify and capitalize on the extensive growth opportunities available to us.”
Vertica Systems is the leading provider of next-generation analytics platforms enabling companies to monetize their data at the speed and scale necessary to deliver significant value to customers and shareholders. Vertica’s scalability and flexibility are unmatched in the industry delivering 50x-1000x faster performance at 30% the cost of traditional solutions. Vertica is used by customers worldwide including Verizon, Guess Inc., Zynga, Capital IQ, Mozilla and Comcast. Vertica’s North American headquarters is located in Billerica, MA.