TechWeb

Vertica Systems Wins 2010 MITX Technology Award for Analytics and Business Intelligence

Jun 04, 2010 (11:06 AM EDT)
URL: http://www.techweb.com/show-press-release/X808183/vertica-systems-wins-2010-mitx-technology-award-for-analytics-and-business-intelligence.html

Seventh Annual MITX Technology Awards Recognize Outstanding Technology Advancements

BILLERICA, Mass., June 4 /PRNewswire/ -- Vertica, the leading provider of analytic database management systems, was named the winner in the Analytics and Business Intelligence category at the 7th Annual Massachusetts Innovation & Technology Exchange (MITX) Technology Awards. The program kicked off New England Innovation Month by lauding local development and implementation of technologies in the digital industry. Winners were announced in eleven categories, and several "Best Of" awards as well as the PricewaterhouseCoopers Promise Awards were revealed at the ceremony attended by more than 350 industry professionals held on June 2nd at the Marriott Copley Plaza in Boston.

"This recognition caps an incredible year of momentum for Vertica so far and we're only into the first six months... there is much more to come in 2010," commented Vertica President and CEO Christopher Lynch. "I joined this company because I know it's a winner, but this honor validates that publicly. Further, to be considered, never mind chosen, from a group of highly successful companies like Netezza makes this achievement even more compelling. The judges decided what our customers already know -- Vertica is simply the best choice for database analytics."

The Vertica Analytic Database is a purpose-built, next generation database that enables organizations to get more value out of their data by offering speed, scalability and simplicity. It supports a broad variety of applications and is used by some of the world's biggest financial services, communications, Internet, healthcare and retail companies.

The MITX Technology Awards recognize emergent and innovative technologies developed in the New England area, as well as the individuals and organizations responsible for driving these advancements. For the complete list of winners and other information please visit the MITX Awards Web site.

"The Finalists and Winners of the MITX Technology Awards are some of the most dynamic, creative thinking companies in the digital space, introducing solutions and advancements that embody what the Mass Tech Hub stands for -- a hub of technology excellence, innovation and collaboration," said Kiki Mills, president of MITX. "MITX advocates for their recognition and growth, as they are a vital contributor to the region's economy and clout in the technology industry."

About MITX

Established in 1996, The Massachusetts Innovation & Technology Exchange (MITX) is the region's premier professional organization for the Internet business and marketing industry. Reaching more than 7,500 professionals in New England, MITX is the community for thought leadership, building business relationships and professional training and development. Members of the MITX community take advantage of events, sponsorships, speaking opportunities and networking to make business connections and exchange ideas. With more than 60 events annually, MITX provides its members with the opportunity to promote their companies to targeted audiences and provides a valuable forum for networking with other likeminded peers to source potential business leads, partnerships, ideas, and funding. MITX is headquartered in Cambridge, MA. Visit us at www.mitx.org.

About Vertica

Vertica Systems provides a true columnar analytic database management system that delivers the fastest, most scalable and easiest way to gain business intelligence from huge volumes of data in near-real-time. Vertica has developed a modern SQL-based analytic database with an MPP architecture that runs on low-cost standard hardware. The technology enables companies to gain a competitive edge by querying enormous databases 50x-1000x faster and for a lower Total Cost of Ownership than other solutions. The Vertica Analytic Database is available as software only, as a hardware-based appliance, as a virtual appliance on VMware or online as a cloud computing solution. The technology's unmatched speed, simplicity and scalability are used by more than 130 customers including JP Morgan Chase, Verizon, Guess Inc., Zynga, Capital IQ, Mozilla and Comcast. Vertica is headquartered in Billerica, MA.

SOURCE Vertica Systems