Aster Data Named as Technology Pioneer by World Economic Forum

Global award recognizes Aster Data's software innovation for its critical impact on the future of business

San Carlos, CA - September 1, 2010 - Aster Data, a proven leader dedicated to providing the best data management and data processing platform for big data analytics, today announced they have been named as a 2011 Technology Pioneer by the World Economic Forum. Aster Data joins an exclusive group of award recipients including Google, Mozilla, PayPal and Twitter.

Tasso Argyros, CTO and co-founder of Aster Data said, “It’s great recognition for everyone at Aster Data because from the moment the company was founded, our technology vision has always been to deliver solutions which lead the field of big data management and advanced analytics which help our clients improve customer service and sustain competitive advantage. And for Aster Data to be recognized as a Technology Pioneer by such a globally renowned organisation as the World Economic Forum is a great honour for all of our team.”

The identification of the Technology Pioneer companies is the result of a vigorous selection process, for which the Forum received more than 330 applications from around the world, and that were evaluated by 68 global technology experts resulting in only 31 companies being represented in the award. This year, the Forum received the widest range ever of country of origin, with 13 countries represented: Australia, Canada, India, Israel, Lithuania, the Netherlands, Nigeria, People’s Republic of China, South Africa, Switzerland, Thailand, the United Kingdom and the United States.

“The World Economic Forum is proud to recognize an outstanding group of innovative companies as Technology Pioneers for 2011,” said André Schneider, Managing Director and Chief Operating Officer of the World Economic Forum. “Their technologies and business models will have a durable and valuable effect in several industries and society as a whole. We look forward to their unique contributions to the mission of the Forum: improving the state of the world.”

To be selected as a Technology Pioneer, a company must be involved in the development of a major technology and/or innovation and have the potential for long-term impact on business and society. In addition, it must demonstrate visionary leadership and show all the signs of being a long-standing and sustainable market leader – and its technology must be proven.

Don Watters, MySpace chief data architect commented “It’s no surprise to the team at MySpace that Aster Data have won this award. Their innovative approach has enabled them to create industry-leading data analytics solutions like SQL-MapReduce, which has allowed us to manage our ever-growing mountain of customer data while uncovering the business intelligence to help drive our organization forward. Along with Aster Data’s ability to produce unique solutions like SQL-MapReduce, their willingness to work closely with MySpace has enabled us to tailor solutions for big data analysis which others in their sector simply couldn’t have delivered.”

If you would like to read the profile of Aster Data or to download the report please visit http://www.weforum.org/techpioneers.

For more information on Aster Data, please visit http://www.asterdata.com/ or call 1.888.Aster.Data (US) or +1.650.232.4400 (INTL).

About Aster Data
Aster Data is a proven leader in big data management and big data analysis for data-driven applications.  Aster Data’s nCluster is the first MPP data warehouse architecture that allows applications to be fully embedded within the database engine to enable ultra-fast, deep analysis of massive data sets. Aster Data's unique “applications-within™” approach allows application logic to exist and execute with the data itself. Termed a “Data-Analytics Server”, Aster Data’s solution effectively utilizes Aster Data’s patent-pending SQL-MapReduce together with parallelized data processing and applications to address the big data challenge. Companies using Aster Data include Coremetrics, MySpace, Akamai, Full Tilt Poker, and ShareThis. Aster Data is headquartered in San Carlos, California and is backed by Sequoia Capital, JAFCO Ventures, IVP, and Cambrian Ventures, as well as industry visionaries including David Cheriton, Ron Conway, and Rajeev Motwani. For more information please visit http://www.asterdata.com, or call 1.888.Aster.Data.

Aster Data, Aster Data nCluster, the Aster logo and Applications-Within™ are registered trademarks of Aster Data. All other brands and trademarks referenced herein are acknowledged to be trademarks or registered trademarks of their respective holders.

Media Contact
Stacey Collins Burbach
Point Communications Group for Aster Data
602.279.1137
sburbach@pointcgroup.com

 

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