Calpont Announces Company Name Change to InfiniDB and Secures New Funding
Investment to Drive and Align InfiniDB Brand, Grow Sales, and Continue Investment in Product Development
FRISCO, Texas, February 10, 2014-- Calpont Corporation, a leading provider of high-performance analytic data platforms, announced today that it is changing its name to InfiniDB, Inc. In addition, the company announced it has secured $7.5 million in additional funding.
"Since launching the InfiniDB product in 2010, we have been ahead of the technology curve and competitive solutions with our advanced MPP column-oriented data platform. Our name change and new round of funding signals to our user community and the industry our support and commitment to the InfiniDB analytic data platform, and simplifies and aligns the company and product branding. We are investing in the Hadoop ecosystem, are demonstrating value to organizations deploying our solutions, and are aggressive in our approach to gain and capture additional market share," said CEO and Chairman of InfiniDB, Jack McDonnell.
• InfiniDB plans to employ the funds to invest in growing the InfiniDB brand and share in the Hadoop market. This includes continued product innovation and expanding marketing, and partner and sales channels.
• The official company website is now http://www.InfiniDB.co.
• The company name change to InfiniDB will not change the licensing of all of the company‘s data platforms that remain open-source GPLv2.0 license.
• McDonnell Ventures has led the funding round, extending its previous investment in InfiniDB.
The InfiniDB® database, introduced in early 2010, combines columnar technology and massive parallel processing (MPP) to deliver exceptional scaling and speed, and is a vanguard in price for performance for real-time, Big Data analytics. 100% open source, MySQL® accessible, and available on premise, in the cloud, and on Apache Hadoop™, InfiniDB provides IT with the flexibility it needs to deploy Big Data applications with the confidence that their existing investments in hardware, software, and know-how that will grow with their data.
Popular applications of InfiniDB include InfiniDB for the Cloud and InfiniDB for Apache Hadoop. InfiniDB for the Cloud enables users to deploy massively scalable, high-performance analytics applications in Amazon Web Service® (AWS®) with dynamic provisioning. InfiniDB for Apache Hadoop integrates with the Hadoop Distributed File System (HDFS) and enables users to perform real-time, high-performance ad hoc analytics within an Apache Hadoop cluster.
Bob Wilkinson, chief operation officer added, "Being a fourth generation columnar data platform, we are proving to be both more reliable and 10 to 100 times faster than competing solutions in the SQL on Hadoop market place. There are two primary drivers for the immediate interest and success for InfiniDB in the Hadoop market. The first is that InfiniDB gives organizations value from their data in real-time which they can leverage for competitive advantage and enable use cases that are otherwise impossible with native Hadoop solutions. The second is that InfiniDB brings SQL accessibility to Hadoop data via a MySQL front end, so organizations can leverage existing skills and talent rather than seek out specialized Big Data or Hadoop expertise."
For more information about InfiniDB platform visit http://www.infiniDB.co.
Tweet this: News: @Calpont changes name to @InfiniDB & secures funding. Driving growth of 4th gen #MPP #database. #Analytics #venture #hadoop
InfiniDB empowers organizations to solve problems and create new solutions with powerful Big Data analytics. The company’s platform is a fourth-generation massive parallel processing (MPP) column-oriented data technology that is known for its rapid implementation, simplicity and extraordinary value. InfiniDB, InfiniDB for the Cloud, and InfiniDB for Apache™ Hadoop® are built for today’s growing enterprise. These organizations demand speed, scale and efficiency in their analytics platforms where leveraging traditional and emerging data technologies, structures and architectures are required. InfiniDB products are licensed as GPL-2.0 with complementary consulting services, maintenance and support agreements.
For more information, to join the community, and download software, visit http://www.InfiniDB.co and follow @InfiniDB.
Venture Capital Database
Venture Capital Deals Spreadsheet