Joins Elite Group of Only One in Eight Winning Companies That Have Made the List at Least Three Times
FOSTER CITY, Calif., Aug. 28, 2019 (GLOBE NEWSWIRE) -- GridGain Systems, provider of enterprise-grade in-memory computing solutions based on Apache® Ignite™, today announced it has been named to the 2019 Inc. 5000 list, the highly regarded ranking of the nation’s fastest-growing private companies. This is the third year in a row GridGain has been named to the list. GridGain, which experienced 797 percent growth over the last three years and doubled sales during the first half of 2019 compared to the same period in 2018, is ranked 558 on this year’s list. GridGain is ranked 72nd among software companies, 28th in the San Francisco metro area, and 99th in the state of California. The Inc. 5000 represents a unique look at the most successful companies within the American economy’s most dynamic segment – its independent small and midsized businesses.
The GridGain in-memory computing platform provides in-memory speed and massive scalability for data-intensive applications. It requires no rip-and-replace of existing databases and can be deployed on-premises, on a public or private cloud, or on a hybrid environment. Built on a memory-centric architecture that can leverage ongoing advancements in memory and storage technologies, the solution allows companies to future-proof their applications. The GridGain in-memory computing platform is based on the open source Apache Ignite project and offers a 1,000x improvement in performance versus approaches based on disk-based databases. GridGain can also function as a full-featured, standalone in-memory database. GridGain supports data processing APIs such as ANSI-99 SQL, key-value, compute, machine learning and more and supports ACID transactions – all at in-memory speeds.
“Making the Inc. 5000 list for the third year in a row is a reflection of our team’s operational excellence and ability to deliver the technology innovations our customers need,” said Abe Kleinfeld, President and CEO of GridGain Systems. “As demand soars for solutions enabling real-time information and massive scalability, our market-leading GridGain in-memory computing platform enables enterprises of all sizes to meet their digital transformation goals.”
Not only have the companies on the 2019 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2019 Inc. 5000 achieved an astounding three-year average growth of 454 percent, and a median rate of 157 percent. The Inc. 5000’s aggregate revenue was $237.7 billion in 2018, accounting for 1,216,308 jobs over the past three years.
“The companies on this year’s Inc. 5000 have followed so many different paths to success,” says Inc. editor in chief James Ledbetter. “There’s no single course you can follow or investment you can take that will guarantee this kind of spectacular growth. But what they have in common is persistence and seizing opportunities.”
About GridGain Systems
GridGain Systems is revolutionizing real-time data access and processing by offering an in-memory computing platform built on Apache Ignite. GridGain solutions are used by global enterprises in financial services, software, e-commerce, retail, online business services, healthcare, telecom, transportation and other major sectors, with a client list that includes ING, Raymond James, American Express, Societe Generale, Finastra, IHS Markit, ServiceNow, Marketo, RingCentral, American Airlines, Agilent, and UnitedHealthcare. GridGain delivers unprecedented speed and massive scalability to both legacy and greenfield applications. Deployed on a distributed cluster of commodity servers, GridGain software can reside between the application and data layers (RDBMS, NoSQL and Apache™ Hadoop®), requiring no rip-and-replace of the existing databases, or it can be deployed as an in-memory database. GridGain is the most comprehensive in-memory computing platform for high-volume ACID transactions, real-time analytics, web-scale applications, continuous learning and hybrid transactional/analytical processing (HTAP). For more information, visit gridgain.com.
GridGain is a trademark or registered trademark of GridGain Systems, Inc. Apache, Apache Hadoop, Hadoop, Apache Ignite, Ignite, Apache Kafka, Kafka, Apache Spark, and Spark are trademarks of The Apache Software Foundation. All other product and company names herein may be trademarks of their registered owners.