BILLERICA, Massachusetts, May 26, 2010 /PRNewswire/ -- Vertica today announced the newest version of the Vertica Analytic Database is now commercially available worldwide. Vertica 4.0 is already delivering real business benefits to some of the world's biggest financial services, communications, Internet, healthcare and retail companies.
The volume of information we analyze requires a carrier-class database solution, said Mark Muehl, Comcast's senior VP of product engineering. Vertica has been an easy and economical way to deploy and scale multiple large database applications. Using 4.0's enhanced analytic functions, we've been able to complete complex analyses faster and more efficiently.
Customers who are tight on available computing resources are reporting Vertica 4.0 is helping them do more with less with a new workload manager that lets them manage complex mixed query workloads to best meet business priorities. Others who had no prior experience working with columnar databases are taking advantage of Vertica's new load-and-query data designer, which automatically generates optimized storage structures greatly simplifying development and tuning.
Capital IQ, which provides financial research and analysis solutions to thousands of investors, is using Vertica 4.0 to do complex custom pricing aggregations on terabytes of securities data in real time. Capital IQ provides deep insight and detailed coverage of the financial markets in the Capital IQ Platform. Query response times, scalability and stability are critical to our customers, said William Murphy, chief technology officer at Capital IQ. With the new features of the automatic database designer in Vertica 4.0, we are able to double the performance of our system while significantly reducing the amount of storage required.
The Vertica Analytic Database 4.0 includes a host of new features making the product even simpler and faster. A new patent-pending database designer automatically delivers the full benefits of Vertica's best-in-class performance, on any hardware platform, with the simplicity of an appliance. Vertica's purpose built, modular MPP architecture enables rapid development of workload management and unmatched analytics including time-series and sessionization capabilities supporting a broader variety of applications, while the new patent-pending Optimizer and Execution Engine can boost the database's query performance by up to 400 percent.
BlueCrest Capital Management, a leading European hedge fund with over US$15 billion in assets under management, is taking advantage of Vertica 4.0's faster performance to power its real-time market data management application infrastructure, which aggregates fixed income, equities, FX and related derivatives, exotic commodities, energy, and alternative asset classes. BlueCrest has been working with the new features of 4.0 since January, said Justo Ruiz-Ferrer, head of Trading Strategy Systems at BlueCrest Capital Management. We have been able to perform analyses in the database using the new time series capabilities that previously would have required customized programming outside the database. Vertica 4.0 enables us to accomplish more analyses faster and with less effort.
Some of Vertica's Internet company customers are using the database's Hadoop integration and new sessionization capability to analyze web clickstream data to identify valuable user patterns for applications such as fraud detection, ad selection and revenue prediction.
And international customers have been clamoring for Vertica 4.0, which is now fully Unicode capable, supporting international data sets, collations and locales. Vertica has dozens of satisfied customers overseas, but Vertica 4.0 will be our flagship for a huge international expansion, said Christopher Lynch, Vertica's new President and CEO. Vertica 4.0 is backed by a rich ecosystem of software, services, server and storage vendors. We intend to fundamentally change the way the world is able to store, access and monetize their data.
Vertica Systems provides a true columnar analytic database management system that delivers the fastest, most scalable and easiest way to gain business intelligence from huge volumes of data in near-real-time. Vertica has developed a modern SQL-based analytic database with an MPP architecture that runs on low-cost standard hardware. The technology enables companies to gain a competitive edge by querying enormous databases 50x-1000x faster and for a lower Total Cost of Ownership than other solutions. The Vertica Analytic Database is available as software only, as a hardware-based appliance, as a virtual appliance on VMware or online as a cloud computing solution. The technology's unmatched speed, simplicity and scalability are used by more than 130 customers including JP Morgan Chase, Verizon, Guess Inc., Zynga, Capital IQ, Mozilla and Comcast. Vertica is headquartered in Billerica, Mass. For more information, visit the company's Web site at http://www.vertica.com.
CONTACT: Ed Marshall of Beaupre, +1-603-559-5816, firstname.lastname@example.org,for Vertica