Silicon Valley, Calif. & Melbourne, Australia – May 7, 2014 – ParStream, provider of the leading Real-Time Database for Fast Data Analytics, today announced a strategic partnership with global Business Intelligence (BI) and analytics software vendor, Yellowfin.
Yellowfin has certified its market-leading, easy-to-use BI solution on ParStream’s relational database, which is based on its patented High Performance Compressed Index (HPCI) technology. HPCI is a bitmapping structure that allows data to be analyzed in its compressed state, skipping the decompression – and often resource-consuming – stage of analytics. The partnership means ParStream and Yellowfin will be offered as a comprehensive, end-to-end solution for big data analytics.
The alliance will enable organizations to process massive amounts of stored and streaming data, in structured and semi-structured formats, in real-time. This data can then be delivered throughout the enterprise, in the form of highly intuitive visualizations, to empower decision-makers with timely, fact-based actionable intelligence. Users are now able to achieve greater ROI on their data assets.
Michael Hummel, CEO and Co-Founder at ParStream, said: “The partnership with Yellowfin underscores our commitment to bring to market the most robust analytics platform to support businesses of all sizes with their big data initiatives. With Yellowfin’s BI as a virtualized platform, Fast Data – simultaneous analysis of historical and live, streaming data – can now be accessed, monitored, visualized, and utilized with ease. As vast amounts of raw data can be hard to understand and contextualize, Yellowfin’s ability to make that information highly understandable and actionable – with its intuitive dashboards, collaborative BI features, and mobile applications – is critical.”
Joerg Bienert, CTO and Co-Founder at ParStream, stated: “In the business analytics space, there are two inescapable truths: Organizations are attempting to act on increasingly large volumes of data in continually shrinking timeframes. At the same time, organizations realize the value in enabling more people to use that data to make faster, better decisions. Yellowfin’s focus on data consumers – business people from non-technical backgrounds – was an important factor in the partnership decision.”
Yellowfin CEO and Co-Founder, Glen Rabie, commented: “This partnership will help make crucial insights, derived from big data analytics, available to businesses and decision-makers of any discipline. Yellowfin’s consumer-oriented approach to reporting and analytics, combined with ParStream’s HPCI technology and low infrastructure requirements, enables us to deliver a world-class big data analytics platform that’s financially and technologically accessible to everyone. Together, ParStream and Yellowfin make pervasive real-time analytics on big data achievable for organizations of all sizes.”
ParStream helps businesses gain immediate insights into their data. As the leading provider of real-time databases, ParStream powers Big Data analytics on the massive amounts of data businesses collect daily. The award winning, breakthrough technology enables ultra-fast, flexible analytics of stored and streaming data. The ParStream Real-time Database is used worldwide in e-commerce, telecommunications, finance, advertising, retail, and mining. Based in Cupertino, Calif., ParStream has been awarded “#1 Big Data Startup” by CIO Magazine, recognized as a “Cool Vendor” in the Advancing Data Management Maturity report by Gartner, and was named “Trend-setting Products in Data of 2014” by Database Trends and Applications. For more information, visit www.ParStream.com.
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Yellowfin is a global Business Intelligence (BI) and analytics software vendor passionate about making BI easy. Founded in 2003 in response to the complexity and costs associated with implementing and using traditional BI tools, Yellowfin is a highly intuitive 100 percent Web-based reporting and analytics solution. Yellowfin is a leader in mobile, collaborative and embeddable BI as well as Location Intelligence and data visualization. For more information, visit www.yellowfinbi.com.
For further media information, interviews, images, or product demonstration, please contact:
- ParStream: Johnny Truong, Sonus Public Relations for ParStream Inc. on +1 (415) 830-4530 or email@example.com
- Yellowfin: Lachlan James, Communications Manager on +61 (0)3 8617 4954, +61 (0)431 835 658 or firstname.lastname@example.org