COLOGNE, Germany & STOCKHOLM--(BUSINESS WIRE)--ParStream, a leading real-time big data analytics technology provider, and Panopticon Software, the leading provider of visual data analysis software for real-time, CEP, and time series data, today announced a technology partnership designed to create a comprehensive offering focused on Big Data requirements of real-time analytics and advanced data visualization. ParStream and Panopticon are both pioneers and leaders with unique innovations in Big Data analytics and Big Data visualization respectively. In essence, the combination of Panopticon and ParStream technologies supports Agile Business Intelligence operations relying on complex Big Data while requiring minimal, non-specialty hardware.
ParStream’s proprietary technology is capable of delivering sub-second query response times on extremely large datasets while simultaneously ingesting new data in real-time. In addition, ParStream's indexing method makes it the most infrastructure efficient Big Data analytics platform. Gartner recognized ParStream as a Cool Vendor in Advancing Data Management Maturity (April 27, 2012 report by Gartner, Inc., co-authored by Roxane Edjlali, Donald Feinberg, et al.)
Panopticon was also recently named as a Gartner Cool Vendor for In-Memory Computing (April 23, 2013 report by Gartner, Inc., co-authored by Roy Schulte, Roxane Edjlali, et al.) and is also on the CRN Big Data 100, which recognizes innovative companies with products and services that have significantly enhanced Big Data management and analysis. Panopticon’s unique data visualization software allows users to analyze streaming data feeds coming in from external message buses as well as historical time series.
“Panopticon and ParStream can jointly provide new ways of interactively analyzing and visualizing Big Data,” said Michael Hummel, CEO, ParStream. “The inherent compatibility between the two products as well as the speed eliminates the need to build cubes to deliver sub-second analytics: Our revolutionary real-time technology is synergistic with Panopticon’s innovative visualization features and enables customers of all industries to gain new insight, react faster and increase productivity.”
“Panopticon is at the forefront of the most demanding and innovative data visualization requirements involving real-time and time series (time-stamped) data,” said Willem De Geer, Managing Director of Panopticon Software. “The seamless interoperability supported by the ParStream/Panopticon platform will provide exceptional value to clients in capital markets, energy, and telecoms where Big Data has been a reality for many years, as well as emerging applications in other industries that require fast, intuitive analysis of streaming data.”
About ParStream
ParStream is the creator of a revolutionary high-performance analytical database system especially targeted at solving Big Data challenges. One of the most comprehensive platforms in Interactive Analytics, the ParStream platform is innovating the way data is managed and analyzed empowering global enterprises to achieve instant insights. The technology is capable of massive parallel processing, has been configured and optimized for large amounts of data at rest and in motion, and employs new indexing methods to achieve real-time query response times. ParStream has operations in Silicon Valley, USA and Cologne, Germany. The company is funded by Khosla Ventures and other institutional and angel investors and has won numerous awards, including the Red Herring Top 100 (Europe) and ComputerWeek (Germany) Big Data Innovation Award. www.ParStream.com
About Panopticon
The world's most successful financial institutions, telecoms companies, energy firms, and major corporations use Panopticon data visualization software to monitor performance, analyze risk, detect fraud, and identify anomalies in vast amounts of real-time data. Panopticon’s visual data discovery technology supports fast, interactive analysis of large data sets and real-time data and the company’s world class customer base includes 12 of the 15 largest financial institutions in the world as well as major telecoms, energy, pharma, and retail corporations. www.Panopticon.com
About Gartner
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose
All company names, product names and company logos mentioned herein are the trademarks, or registered trademarks of their respective owners.
