Press Releases

Campbell, Calif. – May 22, 2012 – ParAccel, Inc., a leading enterprise analytic platform provider, today announced it has been chosen by JMP Securities as a “Hot 100 Best Privately Held Software Company.” ParAccel was selected based on its success in helping companies deliver big data analytics across their enterprise on ParAccel’s analytic database platform.

The Hot 100 list is compiled by senior software analysts Pat Walravens, Greg McDowell, and Peter Lowry at JMP Securities, a San Francisco-based, full-service investment bank. The report is published annually to highlight some of the best private companies in the software industry.

The Hot 100 list is selected each year based on the evaluation of multiple criteria, including financial growth, products and services, quality of leadership, customers and market potential. As a leading provider of big data analytics, ParAccel aligns with all four of the report themes: SaaS, big data, mobility, and social platforms.

“ParAccel is pleased to be included in The Hot 100,” said Chuck Berger, chief executive officer of ParAccel. “The speed of growth and innovation we are experiencing this year speaks to the growing demand for big data analytics. Our customers continue to push the bounds of unconstrained analytics with new analytic applications. The credit goes to our team of more than 100 talented, innovative, and motivated people here at ParAccel. The recognition from JMP, a thought-leader in financial analysis, is invaluable for our company.”

About ParAccel
To gain a competitive advantage in a fast paced, data-driven world, companies need immediate answers to any business question they decide to ask. As the leading analytic platform provider, ParAccel accelerates analytics and opens the door for companies to accelerate, innovate and compete. ParAccel Analytic Platform is an analytic database surrounded by extensibility and integration technology as a foundation for running big data analytics, anytime, anywhere. ParAccel’s Fortune 1000 customers, in digital media, retail, financial services, healthcare and government, are testing the bounds of unconstrained analytics with the most prolific, most powerful, most expansive analytic platform in the world. For more information please contact us at info@paraccel.com or 866-903-0335.

Press Contact:
Jesse Hamlin
Eastwick for ParAccel
408-470-4874
paraccel@eastwick.com

CAMPBELL, CA, May 16, 2012 (MARKETWIRE via COMTEX) -- ParAccel, Inc., a leading enterprise analytic platform provider, today announced that it is scheduled to present at the Red Herring Americas 2012 Conference, on Wednesday, May 23 in Santa Monica, CA. Chuck Berger, chief executive officer and chairman of ParAccel, will speak about the opportunities for companies looking to harness big data, as well as the need for a mix of data management and analytics to create value for the organization.

The Red Herring 100 Americas Conference will bring together 250 C-level technology entrepreneurs, corporate strategists and venture financiers from across the continent. It will discuss the drivers for successful entrepreneurship, and will demonstrate how innovation is creating business opportunities for challengers and incumbents alike.

About ParAccel To gain a competitive advantage in a fast paced, data-driven world, companies need immediate answers to any business question they decide to ask. As the leading analytic platform provider, ParAccel accelerates analytics and opens the door for companies to accelerate, innovate and compete. ParAccel Analytic Platform is an analytic database surrounded by extensibility and integration technology as a foundation for running big data analytics, anytime, anywhere. ParAccel's Fortune 1000 customers, in digital media, retail, financial services, healthcare and government, are testing the bounds of unconstrained analytics with the most prolific, most powerful, most expansive analytic platform in the world. For more information please contact us at info@paraccel.com or 866-903-0335.

Press Contact:
Jesse Hamlin
Eastwick for ParAccel
408-470-4874
paraccel@eastwick.com

CAMPBELL, CA, May 01, 2012 — ParAccel, Inc., a leading enterprise analytic platform provider, today announced that it is scheduled to present at Jefferies Annual Global TMT Conference, on Tuesday, May 8 in New York City. Paul Zolfaghari, chief operating officer at ParAccel, will participate on a panel discussing new database technologies designed to harness and bring value to enterprise big data challenges. Zolfaghari will focus on how companies can leverage big data to drive innovation, growth and sustain competitive advantage through accelerated and improved decision making.

The Jefferies Annual Global TMT Conference is a global gathering of institutional investors, private equity investors, venture capital firms and senior executives who will address trends and developments within the technology, media and telecommunications (TMT) market sector, as well as near- and long-term investment opportunities.

About ParAccel
To gain a competitive advantage in a fast paced, data-driven world, companies need immediate answers to any business question they decide to ask. As the leading analytic platform provider, ParAccel accelerates analytics and opens the door for companies to accelerate, innovate and compete. ParAccel Analytic Platform is an analytic database surrounded by extensibility and integration technology as a foundation for running big data analytics, anytime, anywhere. ParAccel's Fortune 1000 customers, in digital media, retail, financial services, healthcare and government, are testing the bounds of unconstrained analytics with the most prolific, most powerful, most expansive analytic platform in the world. For more information please contact us at info@paraccel.com or 866-903-0335.

Press Contact:
Jesse Hamlin
Eastwick for ParAccel
408-470-4874
paraccel@eastwick.com

500% YOY growth fueled by market demand for ParAccel analytic platform

Campbell, Calif. – April 25, 2012 – ParAccel, Inc., a leading enterprise analytic platform provider, today announced record Q1 revenue and the close of $20 million in funding from its existing investors. The company will use the investment to expand and capture the growing demand for ParAccel’s analytic platform, which helps companies gain competitive advantage through unconstrained insights into their data.

“We are off to a great start for 2012, as Q1 was the largest quarter in the history of the company,” said Chuck Berger, chairman and CEO for ParAccel. “The confidence demonstrated by our core investors doubling down on ParAccel underscores the momentum we’re experiencing with customers and the sharp uptick in market demand for ways to harness big data to develop new business insights.”

ParAccel’s growth is fueled by both the addition of new customers to its client roster and expansions with existing customers, giving the company over a 500 percent increase in Q1 revenue year over year. ParAccel also expanded its sales, solutions and product marketing leadership team to help the company meet surging demand for its solutions. The company added industry veterans Greg Petraetis, vice president of sales, and John Santaferraro, vice president of solutions & product marketing, based on their proven track record of success in business acceleration.

The companies using ParAccel solutions span a wide range of industries, including financial services, government, healthcare, travel, hospitality, information service provider and customer relationship management. ParAccel’s recently acquired customers include: Alliance Health Networks, Department of Defense and TRX among others.

About ParAccel
To gain a competitive advantage in a fast paced, data-driven world, companies need immediate answers to any business question they decide to ask. As the leading analytic platform provider, ParAccel accelerates analytics and opens the door for companies to accelerate, innovate and compete. ParAccel Analytic Platform is an analytic database surrounded by extensibility and integration technology as a foundation for running big data analytics, anytime, anywhere. ParAccel’s Fortune 1000 customers, in digital media, retail, financial services, healthcare and government, are testing the bounds of unconstrained analytics with the most prolific, most powerful, most expansive analytic platform in the world. For more information please contact us at info@paraccel.com or 866-903-0335.

Press Contact:
Jesse Hamlin
Eastwick for ParAccel
408-470-4874
paraccel@eastwick.com

Greg Petraetis Appointed Vice President of Sales
John Santaferraro Named Vice President of Solutions & Product Marketing

Campbell, Calif. – April 25, 2012 – ParAccel, Inc., provider of the world’s leading analytic platform, today announced it has added two industry veterans to help the company meet surging demand for its solutions. Over a 13-year career in the software and computer services industry, Greg Petraetis has demonstrated continual success in building and managing high-growth and customer-focused organizations. John Santaferraro, a 16-year veteran of the business intelligence and analytics industry, has a strong background as both a marketing executive and an independent industry analyst.

“We are continuing to experience tremendous customer and partner growth as well as a broadening of interest in our solutions across multiple verticals,” said Chuck Berger, CEO at ParAccel. “The addition of Greg and John positions us to more rapidly develop and execute both the strategic initiatives and on-the-ground activities we need to compete, win and thrive.”

Before joining ParAccel, Petraetis was an area vice president for Adobe Systems responsible for managing sales, ensuring customer success and executing the go-to-market strategy for Adobe’s customer experience management solutions. Prior to Adobe, he was a regional vice president for Business Objects responsible for the development and execution of the vertical markets strategy for Business Objects’ financial services, communications and retail/CPG practices. At Business Objects, he also held the position of area sales director for the defense, aerospace and intelligence practice where he structured the company’s Enterprise Software Initiative Blanket Purchase Agreement with the U.S. Department of Defense. Before Business Objects, Petraetis held management positions at Narus, Inc. (now a Boeing company) and MicroAge, Inc.

Prior to joining ParAccel, Santaferraro was an independent industry analyst in the business intelligence market. Before that he developed and executed a vertical market strategy for Hewlett Packard’s business intelligence group, focusing on energy, communications, retail, and financial services. John also founded and ran a marketing and sales consulting company, Ferraro Consulting, for technology companies. Along with business intelligence executive positions in Compaq Computers and Tandem Computers, Santaferraro co-founded a venture-backed, data warehouse startup company, which was later sold to Teradata.

About ParAccel
To gain a competitive advantage in a fast paced, data-driven world, companies need immediate answers to any business question they decide to ask. As the leading analytic platform provider, ParAccel accelerates analytics and opens the door for companies to accelerate, innovate and compete. ParAccel Analytic Platform is an analytic database surrounded by extensibility and integration technology as a foundation for running big data analytics, anytime, anywhere. ParAccel’s Fortune 1000 customers, in digital media, retail, financial services, healthcare and government, are testing the bounds of unconstrained analytics with the most prolific, most powerful, most expansive analytic platform in the world. For more information please contact us at info@paraccel.com or 866-903-0335.

Press Contact:
Jesse Hamlin
Eastwick for ParAccel
408-470-4874
paraccel@eastwick.com

Delivers Unprecedented Performance in Business Intelligence Reporting and Analytics on Big Data

San Francisco and Campbell, CA, January 11, 2012 — Birst, Inc., the leader in agile business analytics and ParAccel, Inc., provider of the world’s leading analytic platform, today announced that the two companies have partnered to power a scalable and sophisticated yet easy-to-use analytics solution for big data. Birst will leverage ParAccel’s analytic platform to further enhance the scalability of its business intelligence solution for complex and growing data sets, while ParAccel will use Birst’s front-end business intelligence solution to better visualize and manage the CRM applications used to run its business as well as in sales enablement.

“Whether companies elect to deploy their BI and analytics solutions in the cloud or on premise, the technology must deliver unsurpassed performance and scalability, especially when dealing with larger and more complex data sets,” said Chuck Berger, CEO for ParAccel. “The combination of Birst’s agile BI and ParAccel’s analytic platform enables companies to make sense of their big data and empowers business users to analyze a multitude of complex data types faster than ever before.”

Birst is a fully integrated Business Intelligence (BI) solution delivered in the cloud or on premise. It includes all of the components of an enterprise BI suite including data integration and ETL services, analytics, dashboards, pixel perfect and ad hoc reports, scheduling and delivery. ParAccel’s massively parallel, columnar, compressed and compiled approach delivers unmatched processing power.

“Birst has revolutionized traditional BI by delivering a much easier to deploy and use solution that can be run in the private or public cloud , yet still retain the enterprise capabilities one would expect from traditional big BI,” said Brad Peters, CEO and co-Founder of Birst. “With ParAccel’s ultra performance Birst is now extending these capabilities to the realm of big data, giving customers a way to unlock insights from ever-growing volumes of data.”

About ParAccel
To gain a competitive advantage in a fast paced, data-driven world companies need immediate answers to any business question they decide to ask. As the leading analytic platform provider, ParAccel accelerates analytics and opens the door for companies to accelerate, innovate, and compete. ParAccel Analytic Platform is an analytic database surrounded by extensibility and integration technology as a foundation for running big data analytics, anytime, anywhere. ParAccel’s Fortune 1000 customers, in digital media, retail, financial services, healthcare, and government, are testing the bounds of unconstrained analytics with the most prolific, most powerful, most expansive analytic platform in the world. For more information please contact us at info@paraccel.com or 866-903-0335.

About Birst
Birst™ is the leader in agile business analytics. It offers a single place to manage all of a business’ analytics and agility to answer questions that span departments, data sources, and deployments—across both public or private Clouds. Birst gives users the fastest way to answer their most pressing business questions—and then all the ones they didn’t know to ask. At one-third the cost, time, and staff of traditional big BI, Birst brings the benefits of analytics and fact-based decision-making to a much broader audience. For more information, visit www.birst.com.

ParAccel Honored with Red Herring Global 100 Award

CAMPBELL, Calif. (December 20, 2011) — ParAccel, Inc., provider of the world's leading analytic platform, today announced that it has been selected as a winner of Red Herring's Global 100 award, in recognition of the leading private companies from North America, Europe, and Asia.

“Choosing the best out of the previous two years was by no means a small feat," said Alex Vieux, Chairman of Red Herring. "After rigorous contemplation and discussion, we narrowed down our list from 1,100 potential companies to 100 winners. It was an extremely difficult process. ParAccel should be extremely proud of its achievement; the competition for the Top 100 was fierce. The Top 100 Global are truly the best of the best.”

Red Herring's Global 100 list has become a mark of distinction for identifying promising companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Google, Skype, Baidu, Salesforce.com, YouTube, eBay and many others would change the way we live and work.

“ParAccel is empowering companies in a wide range of industries such as financial services, healthcare and retail to achieve unprecedented insights from their massive stores of internal and external data,” said Chuck Berger, ParAccel chairman and CEO. “Being selected as a Red Herring Global 100 company after its rigorous evaluation process validates our commitment to making ParAccel a world-class analytics leader by continuing to deliver game changing value to our customers.”

Red Herring's editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the "buzz" and make the list an invaluable instrument of discovery and advocacy for the greatest business opportunities from around the world.

About ParAccel
To gain a competitive advantage in a fast paced, data-driven world companies need immediate answers to any business question they decide to ask. As the leading analytic platform provider, ParAccel accelerates analytics and opens the door for companies to accelerate, innovate, and compete. ParAccel Analytic Platform is an analytic database surrounded by extensibility and integration technology as a foundation for running big data analytics, anytime, anywhere. ParAccel’s Fortune 1000 customers, in digital media, retail, financial services, healthcare, and government, are testing the bounds of unconstrained analytics with the most prolific, most powerful, most expansive analytic platform in the world.

For more information please contact us at info@paraccel.com or 866-903-0335

Accelerates Time to Analytic Value by Rapid Deployment of Test and Development Environments

SC11, Seattle, WA - November 14, 2011— Kove and ParAccel today announced a new, joint solution available on Dell’s PowerEdge servers and Kove XPD2 Storage that enables near instantaneous analytic database duplication.  The solution combines the leading analytic platform and the leading high-performance DRAM storage, with Dell’s enterprise- class server.  The Kove-ParAccel database duplication solution enables the rapid delivery of an analytic sandbox clone that can be used by business analysts, or a quick provisioning clone for development and test in traditional on-premise environments.

“The collaboration between ParAccel and Kove using Dell servers  will enable innovative use cases for our powerful analytics platform, including the ability to Clone data to aid test and development of new analytics while increasing the quality of the data mart to the business or by deploying a parallel environment that can model an additional scenario.” said Chuck Berger, CEO for ParAccel.

In the cloning tests described above the XPD2 storage was mesh-connected to Dell PowerEdge servers running the ParAccel Database at R Systems hosting facility. Holding world records for latency, IOPS, and bandwidth, Kove’s XPD2 is the world’s fastest storage based on achieving the 14 fastest STAC-M3 Benchmarks ever.  Kove Direct Storage Access KDSAä technology outperforms all other storage media, including Flash memory and spinning disks, maintains consistent speed at any capacity level, up to 100%, and does not degrade over time. 

“This collaboration in deploying the Kove Xpress Memory Disk is a continuation of our leadership in high performance storage, providing real world solutions for those who need the absolute fastest storage available,” states Kove CEO, John Overton.  “The XPD2 connects directly to storage fabrics via standard Fibre Channel and InfiniBand interconnects, while reducing end-to-end application latency beyond any other available storage.”

"With rapid data growth and requirements for even faster analysis, customers are challenged to find more efficient ways to solve this problem," said Bob Barris, vice president of Global Sales, Banking and Securities at Dell.  “Dell continues to look for new ways to help enterprise database customers improve IT efficiency and today’s demonstration reinforces that there are affordable solutions to rapidly analyze data."

ParAccel running on Kove premium high performance storage benefits a number of real world use cases, especially in Financial Service in the areas of Risk, Fraud, and Trading. 

• In Risk Management, stress testing does far more than simply keeping regulators at bay: it helps executives make better strategic decisions, and determines if their future plans will drive optimal profits with acceptable exposure to multiple sources of risk.  The combined solution enables a centralized platform for holistic risk analysis – across all categories of risk such Counter-Party Credit Risk, Market Risk, etc. The ability for virtually unlimited scaling of datasets and analytic complexity provides a unified platform for risk assessment across the entire organization. 
• In Trading, the combined solution enables firms and traders to perform unconstrained back-testing at unprecedented speeds along any dimension across the entire dataset – ranging from TBs to PBs of trading data. The combined solution also delivers extreme performance for HFT (high frequency trading) platforms using industry-standard building blocks. 
• In Fraud Detection, ParAccel enables firms to parallel load massive amounts of data concurrent with queries to ensure that Fraud Analysts have access to the most current data, mitigating significant financial losses by putting the lid on crime at the point of sale.

See Kove at SC2011 High Performance Computing Conference being held on November 14 to November 17 in Seattle, WA. Kove will be in the Intel Channel Pavilion # 2425 on Wednesday, November 16 and Thursday, November 17.

About Kove
Formed in 2004, Kove is a pioneering leader in high performance storage.  Kove provides patented, core technology components to solve the most challenging storage and data management needs.  Kove helps eliminate storage bottlenecks across a wide variety of applications in both the Financial and High Performance Computing markets. Kove XPD2 provides faster access to information and this means faster time to analysis and faster time to profitability. Visit kove.com.

About ParAccel
To gain a competitive advantage in a fast paced, data-driven world companies need immediate answers to any business question they decide to ask. As the leading analytic platform provider, ParAccel accelerates analytics and opens the door for companies to accelerate, innovate, and compete. ParAccel Analytic Platform is an analytic database surrounded by extensibility and integration technology as a foundation for running big data analytics, anytime, anywhere. ParAccel’s Fortune 1000 customers, in Digital Media, Retail, Financial Services, Healthcare, and Government, are testing the bounds of unconstrained analytics with the most prolific, most powerful, most expansive analytic platform in the world. For more information please contact us at info@paraccel.com or 866-903-0335

About R Systems
Founded in 2005, R Systems provides technical expertise and optimized HPC cluster resources to the commercial and academic research communities.  Visit www.rsystemsinc.com.

On demand analytic platform accelerates time to market, reduces project risk, and cost.

Campbell, California, November 2, 2011 – ParAccel, Inc., developer of the world’s most powerful analytic platform, today announced ParAccel Cloud Edition available for deployment on premise in a private cloud or in a public cloud. ParAccel Cloud Edition speeds time to analytic value allowing near instant deployment of the ParAccel Analytic platform, reducing project risk and allowing enterprise customers to provision just the amount of storage and compute power they need.

Successful enterprises realize they can significantly accelerate revenue growth and profitability by unlocking the value of the data they collect from their business operations and customer interactions. Legacy databases and data warehouses are unable to process the volume of data, the variations in data types, or the complexity of analytics in a timely manner. ParAccel has developed an analytic platform that allows enterprises to conduct analytics that were not previously possible with these legacy database vendors. 

ParAccel Cloud Edition allows enterprises to quickly provision an analytic platform right sized for the task at hand and to adjust the compute resources as the workload varies. ParAccel Cloud Edition also allows enterprises to shift resources between functions as needed in either a public or private cloud.

ParAccel Cloud Edition includes the ParAccel analytic database which enables integrated analytics through an extensibility framework as the foundation for complex analytics on large, varied datasets. Future versions of the Cloud Edition will include a provisioning tool that provides an intuitive interface and allows end users to set up this analytic platform in a matter of minutes. With this tool, and in order to speed the adoption of analytic “sandboxes,” the end users will find their sandbox already populated with prebuilt and off-the-shelf analytic functions and the capability to provision all required data. The solution will support the delivery of custom analytics and the rapid provisioning of multiple analytic instances. The result is rapid spin-up and spin-down of sandbox deployments, plus the ability to transfer into production with the click of a button.

“Our customers want to focus on the business value of analytics; they don’t want to worry about all the technology behind that effort,” said Chuck Berger, chairman and CEO of ParAccel. “Jumping onto the cloud or becoming a cloud provider within the walls of their organization sets the stage for new business applications that drive profitability and reduce risk.”

About ParAccel

To gain a competitive advantage in a fast paced, data-driven world companies need immediate answers to any business question they decide to ask.  As the leading analytic platform provider, ParAccel accelerates analytics and opens the door for companies to accelerate, innovate, and compete. ParAccel Analytic Platform is an analytic database surrounded by extensibility and integration technology as a foundation for running big data analytics, anytime, anywhere.  ParAccel’s Fortune 1000 customers, in Digital Media, Retail, Financial Services, Healthcare, and Government, are testing the bounds of unconstrained analytics with the most prolific, most powerful, most expansive analytic platform in the world.

For more information please contact us at info@paraccel.com or 866-903-0335

Rich Ghiossi Named Vice President of Marketing;
Alok Srivastava Joins as Vice President of Engineering

Campbell, Calif. – Oct. 25, 2011 – ParAccel, Inc., provider of the world's leading analytic platform, today announced it has made two strategic additions to its management team, rounding out the most experienced team in the big data analytics market. Rich Ghiossi, with more than thirty years of experience in marketing and business development in the data warehousing and business intelligence industry, has been appointed vice president of marketing. Alok Srivastava, with twenty-five years of experience in enterprise software R&D, engineering, product management and operations has been named vice president of engineering. The addition of Ghiossi and Srivastava positions ParAccel to continue its successful mission of helping companies use analytics to innovate, accelerate, and compete to win.

"In the last twelve months we have experienced tremendous momentum in all areas, including Amazon’s strategic investment in ParAccel, our continuing addition of new customers and strategic partners, and our aggressive pace of product innovation," said Chuck Berger, CEO at ParAccel." The addition of two experienced executives like Rich and Alok well positions us for continued success in 2012 and beyond."

Ghiossi will lead ParAccel's overall marketing efforts, driving its visibility and value in the rapidly growing data analytics market. He is a Silicon Valley industry veteran with deep experience at companies ranging in size from startup innovators to some of the world’s largest technology companies. Most recently Ghiossi was at Hewlett-Packard where he was responsible for evaluating innovative emerging technology for the company's business intelligence solutions unit. Earlier in his career, he also led marketing efforts for fast growing companies in business intelligence and analytics including Sagent Technology, Hyperoll and Whitelight Systems.

Srivastava will oversee ParAccel's engineering and development teams, helping to translate innovation into sustainable and measurable value for ParAccel's customers and partners. Prior to joining ParAccel, Srivastava was on the executive management team at Delphix Corporation, a startup in database virtualization where he helped build the company from the ground-up, leading the development of their product and building the development team. Before Delphix, Srivastava was director of engineering at Oracle for twelve years where he led multiple R&D and multi-platform engineering teams in U.S and India. During his tenure at Oracle, Srivastava was responsible for much of the innovation and development of their cluster database technology.

About ParAccel

In today's analytics-driven environment, gaining fast and accurate business insights from massive volumes of data provides significant strategic advantage. As the leader in the high performance Analytics Platform market, ParAccel enables organizations to address their most dynamic and complex analytic challenges and rapidly gain ultra-fast, deep insights from very large data sets. ParAccel’s Fortune 1000 customers include companies in the Financial Services, Retail and Healthcare industries, as well as government agencies. Each organization uses ParAccel to address their business-critical data issues outside the scope of conventional data warehouses and existing analytic tools.

For more information please contact us at info@paraccel.com or 866-903-0335

Analytic Platform offering unleashes analytic backlog, frees valuable data warehouse resources

Campbell, Ca. and Tysons Corner, Va., September 27, 2011 – ParAccel, Inc., provider of the world’s leading analytic platform, together with MicroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that they have extended their strategic partnership. The alliance builds upon a recent announcement that ParAccel’s analytic acceleration technology will be a core component of MicroStrategy’s social media analytics applications as well as a high performance option for MicroStrategy Cloud customers. To support these applications, ParAccel has invested dedicated resources, provided comprehensive access to its software, and committed to delivering specific product enhancements that will optimize the integration of ParAccel’s analytic engine with MicroStrategy’s products and offerings.

“ParAccel’s analytic engines are ideally suited to power MicroStrategy social, mobile, and business intelligence applications,” said Michael J. Saylor, chairman and CEO of MicroStrategy. “Working with ParAccel, MicroStrategy is committed to delivering critical new services like MicroStrategy Cloud and Gateway for Facebook that empower companies to tap into enterprise and social networking data to improve insight and business decision making.”

ParAccel, the leading analytics platform, is designed specifically for accelerating complex analytics on extremely large and diverse sets of data. MicroStrategy has installed ParAccel in its High Performance and Scalability Lab to perform testing and to better support joint customers.

“ParAccel and MicroStrategy provide innovative solutions where big data and analytics are a significant source of enduring competitive advantage,” commented Chuck Berger, CEO at ParAccel. “We’re excited about this strategic partnership with MicroStrategy and the opportunity to accelerate analytics with enterprise customers. Our joint work on MicroStrategy Cloud and Gateway for Facebook is the first of what we anticipate will be many key initiatives that will deliver strategic solutions for the customers of both companies.”

About MicroStrategy

Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy software enables leading organizations worldwide to analyze the vast amounts of data stored across their enterprises to make better business decisions. The MicroStrategy platform delivers actionable information to business users via the web and mobile devices, including the iPad, iPhone, and BlackBerry. Companies choose MicroStrategy for its ease-of-use, sophisticated analytics, and superior data and user scalability. MicroStrategy offers free reporting software that can be downloaded from its website. To learn more about MicroStrategy (NASDAQ:MSTR), visit www.microstrategy.com and follow us on Facebook (www.facebook.com/microstrategy) and Twitter (www.twitter.com/microstrategy).

MicroStrategy, MicroStrategy Business Intelligence Platform, and MicroStrategy Cloud are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.

About ParAccel

In today’s analytics-driven environment, gaining fast and accurate business insights from massive volumes of data provides significant strategic advantage. As the leader in the high performance Analytics Platform market, ParAccel enables organizations to address their most dynamic and complex analytic challenges and rapidly gain ultra-fast, deep insights from very large data sets. ParAccel’s Fortune 1000 and government agency customers use ParAccel to address their critical data issues outside the scope of conventional data warehouses and existing analytic tools. ParAccel is committed to delivering the best in class analytic platform purpose-built to support analytics at any scale and in any on premise or cloud based deployment model.

For more information please contact us at