Mountain View, Calif., April 11, 2019 – Aerospike Inc., the developer of the world’s leading enterprise-grade, non-relational NoSQL database, today announced strong business momentum in the first quarter of 2019. Aerospike has also hired three experienced technology executives to join its leadership team. Lenley Hensarling joins Aerospike as Chief Strategy Officer, Bill Odell, as Chief Marketing Officer and Alan Cyron, as Chief Financial Officer. The company also announced strong industry analyst recognition from Forrester and Gartner, reiterated its support for Intel Optane DC Persistent Memory and provided details on Aerospike Summit (May 1-2 in San Francisco).
Strong Business Momentum in Q1 2019
Aerospike had another strong quarter in Q1 2019, continuing its pace of double-digit revenue growth in the quarter compared to Q1 2018. Customers’ continued confidence in Aerospike’s ability to deliver strategic value is reflected in a sustained customer retention rate that exceeds 90 percent. Annual expansion revenue growth rate from existing customers was 25 percent.
“Aerospike’s unique value is the ability to fuel data in real-time to mission-critical applications at tremendous scale, and at a fraction of the cost of other solutions,” said John Dillon, chief executive officer, Aerospike. “As business and consumer activity increasingly occurs on the edge – at any time, from anywhere – enterprises need to combine real-time decisioning and operational excellence. Aerospike customers often cite our unrivaled blend of availability, speed, scalability and low latency as important factors in their market success.”
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Expanded Executive Bench
Lenley Hensarling was previously Senior Vice President of Strategy and Product Management at EnterpriseDB. He began as an engineer writing code and moved on to hold leadership positions in engineering and product and company management. Hensarling has worked at both start-ups and some of the world’s largest software companies, holding product and management roles at Novell, JD Edwards, PeopleSoft and Oracle.
Bill Odell was previously Vice President of Marketing at SonicWall, Inc. He began his career in marketing and product management at Sun Microsystems and has held executive level positions at a number of start-ups and public companies including Latitude Communications, Interlace Systems, Helpstream, Cisco Systems and Dell Software.
Alan Cyron was previously Chief Financial Officer at Engine Yard. He is an accomplished CFO and senior executive with over 25 years experience as CFO for various private and public companies including Engine Yard, Navis, Axis Systems, MobileAria and Paragon Trade Brands. Prior to becoming a CFO, Cyron was a Managing Director in the corporate finance group at a predecessor of JPMorgan Chase advising public and private companies.
Product and Analyst Momentum
In March 2019, Aerospike was named a “Strong Performer” in the Forrester Wave™: Big Data NoSQL, Q1 2019. Aerospike was one of three vendors to improve both its Current Offering and Strategy scores from the previous report. The company received top marks for Data Consistency, Performance, Scalability, Global Distributed and High availability/disaster recovery.
Also in March 2019, Aerospike received a combined 4.6/5 score in the latest evaluation from Gartner Peer Insights in the Operational Database Management System category. The score includes 16 perfect 5/5 rankings.
Earlier this month, Intel launched the Optane DC Persistent Memory Module (PMM). Aerospike became the first commercially available open database supporting this Intel Optane DC Persistent Memory with the release of Aerospike Enterprise Edition 4.5 in December 2018.
Aerospike Summit ‘19
Aerospike hosts its second annual Aerospike Summit next month (May 1-2, 2019 at the Park Central Hotel in San Francisco). Aerospike Summit is for CIOs, Chief Data Officers, Chief Digital Officers, Business Leaders, IT Leaders, Architects, Technologists and those looking to learn about the latest developments and successes using Aerospike database solutions and technology to improve their businesses and operations. Speakers include thought leaders from Airtel, PayPal, The Trade Desk, Wayfair, Hewlett Packard Enterprise, Intel, Nielsen and many others.
Register here for Aerospike Summit ‘19.
Aerospike is trusted by leading enterprises around the world to help them build and deploy modern data architecture solutions with confidence. The Aerospike enterprise-grade non-relational NoSQL database helps companies power mission-critical, strategic operational applications that make digital transformation possible. Powered by a patented Hybrid Memory Architecture™ and autonomic cluster management, Aerospike is used by enterprises in the financial services, banking, telecommunications, technology, retail, e-commerce, ad tech, martech and gaming industries, and is well-suited for fraud prevention, digital wallet, online brokerage, real-time analytics and other applications that require extreme uptime, performance and scalability. Aerospike customers include Adobe, Bharti Airtel, FlipKart, Kayak, Nielsen, and Snap. The company is headquartered in Mountain View, Calif.
For more information, please visit https://www.aerospike.com.
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