Passing the 150 Customer Mark, 1010data is a Key Driver in the Adoption of Analytical Platforms and Cloud-Based Services
NEW YORK – February 14, 2011 – 1010data, Inc., the provider of the leading hosted, big data analytics platform, today announced that they have reached a milestone by signing their 150th customer, The Giving Group, headquartered in London and operating JustGiving.com in the UK and FirstGiving.com in the US, 1010data offered the first platform using a Database-as-a-Service (DaaS) model over ten years ago and has continued to lead the market.
1010data's delivers its world-class data analytics solution via a secure private cloud. With an industry trend towards greater recognition of the importance of analytics and a broader adoption of cloud services, driven in part by the 1010data’s success, more and more companies are moving their enterprise data warehouse and business intelligence functions to the 1010data platform.
“1010data’s impressive customer base speaks to the growing importance of analytics,” said Shawn Rogers, Vice President of Research, Enterprise Management Associates. “1010data, as an innovator in the field has shown a clear ability to execute and ranks among the leaders in the analytical database space. The growth of ‘big data’ problems has led to debate about how best to leverage the enormous volumes of data that confront businesses and 1010data has proven that they can serve the market with a strong, enterprise class solution.”
"Top-tier companies, including leading financial services firms, retailers, and consumer packaged goods companies, are increasingly depending on our analytical platform to make important business decisions at the macro and micro level," said Joel Kaplan, President, 1010data. “1010data has dramatically changed, in fact replaced, the traditional data warehouse and business intelligence model.”
"A major key to our success is the simplicity of implementation,” adds Sandy Steier, EVP and Co-Founder. “We are not burdened with long and tedious database design processes and concerns over indexing or summarizing data. With 1010data, companies can be more agile and leverage their data at the most granular levels. Many of our clients drive deep analytics through easily accomplished mash-ups of their data and data that is commercially available from such vendors as Equifax, Standard & Poor’s, and dozens of other providers."
In the last year the company secured a $35 million equity investment from Norwest Venture Partners, a leading global investment firm that manages more than $3.7 billion in capital, which has allowed 1010data to continue to accelerate growth plans and to further expand their footprint in the marketplace.