|By RealWire News Distribution||
|February 25, 2014 11:03 PM EST||
ParStream brings established big data analytics platform to the Italian market to help businesses gain competitive advantage
Cologne, Germany & Silicon Valley, Calif - February 25, 2014 - ParStream, provider of the Real-time Database for Big Data Analytics, today announced that ParStream Distribution Italia Srl has been founded according to an exclusive agreement signed with ParStream GmbH headquartered in Germany with offices in Silicon Valley, USA. According to the agreement, ParStream Distribution Italia will promote ParStream's Real-time Database for Big Data Analytics in the Italian market.
ParStream's Real-time Database powers big data analytics, enabling businesses to make better, faster, fact-based decisions by analyzing massive amounts of streaming and stored data. ParStream delivers sub- second query response times on billions of records while continuously importing new data at very high speeds, so businesses can gain immediate insights from their data.
"There are endless opportunities with which big data analytics can be applied," said Michael Hummel, CEO and co-founder of ParStream GmbH. "With the actionable insights gained from big data analytics, businesses can gain competitive advantage by confidently innovating and exploring new business models; optimizing and expanding revenue streams; and reducing infrastructure and operational costs."
ParStream's patented High Performance Compressed Index (HPCI) is the core of the ultra-fast columnar analytic database, built from the ground up to manage both Big Data and Fast Data. ParStream's distributed, massively parallel, shared-nothing architecture is designed to exploit the multi-core architecture of today's processors, servers, and clusters.
Traditional database technology was not designed to manage the data volumes of today. Newer database technologies are meant to address large data volumes, but not all platforms are able to query and analyze data quickly enough to serve the needs of the businesses and customers. With ParStream, there is no need to use cubes, materialized views, projections or any other form of pre-aggregation. ParStream can process new data in all analytical queries while providing full data granularity and full analytical flexibility.
"ParStream Distribution Italia, formed by the merger of professional leaders in the ICT market with the historical Italian and European distributor Strhold, distribution of ICT Reweb Srl, has the ambition to quickly win significant market share in the Italian big data arena," said Filippo Durango, Business Development Manager of ParStream Distribution Italia. "Thanks to a best-of-breed technology, it will be possible to help businesses of all types to manage the huge volumes of data that is generated each minute, allowing them to make better decisions and a rapid return on investment."
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 market-agnostic ParStream Real-time Database is used worldwide in e-commerce, telecommunications, finance, advertising, retail, mining, and science. Based in Cupertino, Calif. and headquartered in Cologne, Germany, 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 http://www.parstream.com/. To keep up-to-date with the latest industry trends, insights, and perspectives from ParStream, follow us on Twitter @ParStream.
ParStream Distribution Italia Srl
Founded in 2014 with the aim of spreading the Big Data Analytics solution of ParStream GmbH, ParStream Distribution Italia Srl will act on the Italian market as a subsidiary of the brand in Cologne. ParStream Distribution Italia, based in Reggio Emilia, and with offices in Rome and Milan, will spread ParStream technology on end customers, directly and through channel development through an agreement with the distributor Reweb Srl and its distribution division Strhold ICT.