GridGain’s Open Source In-Memory Computing Strategy Sets Stage for Unprecedented Advances

Grazed from PRNewsWire. Author: PR Announcement.

Today GridGain (www.gridgain.com) officially released its industry leading In-Memory Computing Platform through an Apache 2.0 open source license, offering the world access to its technology for a broad range of real-time data processing applications. GridGain’s open source software provides immediate, unhindered freedom to develop with the most mature, complete and tested in-memory computing platform on the market, enabling computation and transactions orders of magnitude faster than traditional technologies allow.

"The promised advances of big data combined with internet scale simply can’t happen without a transformative change in computing performance," said Abe Kleinfeld, CEO of GridGain. "In-memory computing is enabling this change by offering a major leap forward in computing power, opening doors to a new era of innovation."…

In-memory computing on commodity hardware is no longer a dream

The falling cost of RAM has made in-memory computing broadly accessible to organizations of all sizes. In a recent customer engagement, GridGain demonstrated one billion financial transactions per second using its In-Memory Data Grid software on just $25,000 of commodity hardware. According to GridGain, a performance increase of this magnitude will allow organizations to achieve goals they would not have previously considered pursuing.

"Organizations that do not consider adopting in-memory application infrastructure technologies risk being out-innovated by competitors that are early mainstream users of these capabilities," said Massimo Pezzini, Gartner Press Release, Gartner Says In-Memory Computing Is Racing Towards Mainstream Adoption, April 3, 2013, http://www.gartner.com/newsroom/id/2405315.

GridGain’s In-Memory Computing Platform is used in a broad range of applications around the world including:

• Financial trading systems
• Online gaming
• Bioinformatics
• Hyperlocal advertising
• Cognitive computing
• Geospatial analysis

Developers can download GridGain’s In-Memory Computing Platform at www.gridgain.org. http://www.gridgain.org/

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