Basho Announces Record Growth Driven by Strong Demand for Enterprise-Grade Solutions

SEATTLE, Jan. 27, 2016 /PRNewswire/ -- Basho Technologies, the creator and developer of Riak®, the world's most resilient NoSQL Database, today announced record company progress with dramatic customer and revenue growth, driven by continued product innovation and market interest in Basho's database products. At the helm of Basho's 2015 initiatives lies its commitment to strengthening its customer base and providing support for its community of technical leaders and developers.

During 2015, Basho grew bookings and revenue in excess of 50 percent, exceeding the growth rate of the global NoSQL market. The company's 2015 growth was fueled by strong demand for its licensed products, which offer customers operational simplicity through highly available and scalable distributed NoSQL databases. Product innovation in 2015 was key in driving revenue growth and continued market confidence in Basho's vision for enterprise-grade database solutions that solve active workload challenges for big data initiatives. In 2015, Basho unveiled Riak® TS software, the industry's first highly resilient NoSQL database optimized to enable fast reads and writes of time series data. The company also announced the next iteration of its flagship Riak 2.1, introduced The Basho Data Platform, and collaborated with Cisco to deliver an innovative framework that brings operational efficiency and high elasticity to big data services.

"Our continued growth shows that Basho is the preferred vendor for enterprises that want to take advantage of IoT and Big Data," said Adam Wray, CEO and president of Basho Technologies. "Basho is coming off some of the strongest quarters in our history, driven by growing demand for our flexible, multi-model approach to data management. In 2016 we are off to an excellent start. We have signed some very significant customers, released Riak TS 1.1 and made moves to strengthen the Basho management team."

Customer acquisition and revenue continued to grow as enterprises are increasingly realizing that Basho is the leading provider of highly scalable, enterprise-grade distributed NoSQL databases. Recent customer additions include, among others, MINDBODY, provider of a software platform for health, wellness and beauty professionals; Concur, a leader in global travel and expense automation; and, Actual Experience, a provider of data analytics that are the missing link between digital experience quality and improvements in the digital business.

Basho Shapes NoSQL Industry
The Internet of Things (IoT) connected devices continue to generate data at an astonishing rate. Organizations must now determine how to quickly turn their data into useable insights that will drive growth. Enterprise-grade solutions must be able scale along with organizations without sacrificing speed or agility. Throughout 2015, Basho advanced the state of the industry by offering organizations the tools they need to thrive in the information age:

• Basho unveiled Riak®TS software, a distributed NoSQL database architected to aggregate and analyze massive amounts of sequenced, unstructured data generated from the Internet of Things (IoT) and other time series data sources. As more and more enterprise applications collect IoT data, specifically time series data from sensors, they need fast, reliable and scalable read and write performance. To best accomplish this, the data must be stored, queried and analyzed together. Unlike traditional databases, Riak TS is built to store and retrieve time series data with enhanced read and write performance. This month Basho launched Riak TS 1.1, the general availability (GA) release with several feature enhancements.
• Basho and Cisco collaborated to develop a framework enabling Riak KV to run on Apache Mesos, bringing operational efficiency and high-elasticity to IoT and big data services. Riak KV is Basho's flagship NoSQL database that enables enterprises to respond to billions of data requests on thousands of servers, without inducing downtime. The integration with Mesos, an open-source resource manager from the Apache Software Foundation, automates the data center infrastructure beneath Riak KV instances. Pairing Mesos with Riak's own automation and orchestration technology allows enterprise businesses to deploy distributed data services at global scale.
• Earlier in the year, Basho announced the Basho® Data Platform, developed to simplify the operation and integration challenges of deploying and managing Big Data, IoT and hybrid cloud applications. The Basho Data Platform integrates Riak databases with Apache Spark for in-memory analytics, Redis caching for increased performance and Apache Solr for enhanced query capabilities, significantly enhancing productivity for development and operations teams.
• Basho applauded its large community through the Taishi Community Recognition Program. The Program recognizes individuals who have made contributions the open source distributed computing landscape. Taishi acknowledges developers not only for their technical contributions but for the altruistic sense of public service each member exhibits.

Customers applaud Basho's successes. New supportive quotes from the customers below can be viewed in today's press release on the Basho website, including commentary from:

• ShopKeep
• Concur Technologies
• MindBody
• Actual Experience
• Spreedly, Inc.
• 5AM Solutions
• Sqor Sports

Resources:

• Basho Blog
• Riak® KV software
• Riak®TS software
• Additional Resources
• Twitter: @Basho
• LinkedIn

About Basho Technologies
Basho Technologies, the creator of the World's most resilient databases, is dedicated to developing disruptive technology that simplifies enterprises' most critical distributed systems data management challenges. Basho has attracted one of the most talented groups of engineers and technical experts ever assembled devoted exclusively to solving some of the most complex issues presented by Big Data and IoT. Basho's distributed database, Riak® KV, the industry leading distributed NoSQL database, is used by fast growing Web businesses and by one-third of the Fortune 50 to power their critical Web, mobile and social applications. Built on the same foundation, Basho introduced Riak® TS, which is the first enterprise-ready NoSQL database specifically optimized to store, query and analyze time series data. The Basho Data Platform helps enterprises reduce the complexity of supporting Big Data applications by integrating Riak KV, Riak TS and Riak S2 with Apache Spark, Redis, and Apache Solr.

Riak is the registered trademark of Basho Technologies, Inc. The trademarks and names of other companies and products mentioned herein are the property of their respective owners.

SOURCE Basho Technologies, Inc.

Related Links

http://www.basho.com