BILLERICA, MA, September 21, 2010 – Vertica Systems, the leading provider of next-generation software platforms for real-time analytics, today announced a 100 percent increase in Q2 year-over-year revenue growth. The company attributes the growth to increased customer adoption in a variety of vertical markets including online gaming, web advertising, telecommunications, financial services and internet companies. In addition, Rich Ghiossi joins the Vertica management team as chief marketing officer to support corporate growth, help drive the marketing strategy and expand the Company’s global visibility.
The significant growth in revenue validates continued market acceptance of Vertica 4.0, the most scalable and high-performing real-time analytics platform commercially available today. With more than 200 customer deployments worldwide, Vertica has more analytic platform implementations across a broad and diverse market base than competing vendors.
A visionary with operational expertise, Ghiossi has a proven track record in marketing software companies and building a strong brand presence. Previously, Ghiossi was the chief marketing officer at Sagent and the vice president of marketing at both HyperRoll and WhiteLight Systems. Most recently, Ghiossi served as the business intelligence portfolio manager at Hewlett-Packard. His 25 years of experience for driving growth in leading companies provides Vertica with the perfect opportunity to expand its global marketing efforts and increase the Company’s visibility.
“Vertica’s continued growth is due to our ability to meet and exceed our customers’ demands for a real-time analytics platform that is easy to implement, flexible, scalable and most importantly, delivers results fast,” said Christopher Lynch, chief executive officer, Vertica. “Ghiossi’s operational and marketing expertise will help us communicate our strategic value more effectively to companies who rely on real-time analytics to drive their businesses.”
As businesses strive to extract the most value from data, they recognize the competitive advantages of insights gained through real-time analysis. Vertica 4.0, released earlier this year, enables significant real-time analytics capabilities, allowing companies like Zynga, an online gaming company, to monetize their data – moving beyond analysis to turning data into value for customers and shareholders. With Vertica 4.0, companies can achieve 50x-1000x faster performance on queries; the ability to roll out an analytical platform to a line of business staff who didn’t ‘grow up’ in data warehousing, but who are tasked to analyze the data; and the opportunity to rapidly roll out purpose-built data marts within their existing data ecosystem and make informed business decisions in real time.
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.