McLean, Virginia – July 16, 2013 – Logi Analytics, the authority on embedded analytics, and ParStream, the leading real-time Big Data analytics platform provider, today announced a technology partnership. The partnership will enable Logi Analytics customers to visualize data and using ParStream, perform interactive analytics and rapid queries on extremely large data volumes, while simultaneously ingesting real-time operational data. ParStream customers can look forward to gaining accelerated Business Intelligence (BI) through Logi Analytics.
Logi Analytics’ platform allows customers to quickly build and deploy interactive web and mobile dashboards, reports, and analytics directly into operational applications, processes and systems. ParStream is a built-from-the ground-up columnar analytic, distributed database enabled by a patented High Performance Compressed Index and specifically engineered to deliver Big Data insights fast. The two platforms together will allow organizations to access, analyze, and visualize Big Data in real-time.
“For companies that need to analyze and visualize large volumes of real-time high velocity data, the data platform speed is critical,” said Brett Jackson, CEO, Logi Analytics. “Together, Logi Analytics’ BI platform and ParStream’s real-time analytics database provide customers continuous visibility into their business operations. With ParStream, Logi Analytics customers can better interact with their operational data and react quickly to changing business dynamics.”
This year, Logi Analytics was moved to the “challengers” quadrant of the 2013 Gartner Magic Quadrant for Business Intelligence and Analytics Platforms report. The company’s position was based on its ability to execute and its completeness of vision. Logi Analytics’ platform continues to deliver on its value proposition of ease-of-use, rapid time to deployment, and ability to be embedded.
“Businesses must analyze historical and real-time data continuously in order to keep pace with the variety and volume of data and gain actionable insights,” said Michael Hummel, CEO, ParStream. “The combined ParStream and Logi Analytics value proposition will empower them to achieve these goals.”
ParStream won recent recognition as being one of CIO.com’s top 10 Big Data startups to watch. ParStream’s technology, based on massive parallel processing architecture, has won numerous awards, including Gartner Cool Vendor, Red Herring Top 100 Europe, and ComputerWeek Big Data Innovation.
About Logi Analytics
Logi Analytics enables organizations to put information to work by allowing them to create web-based BI and analytic applications that can be integrated directly within the applications, systems, and processes that support their business – all at a fraction of the cost of other solutions. Unlike traditional BI platforms that are complex and costly, Logi Analytics technology allows organizations to rapidly develop, deploy, and adapt applications to serve business users without extensive development or professional services. Logi Analytics is headquartered in McLean, Virginia, with sales and support offices in the UK serving Europe. The company is a privately held, venture-backed firm with investments from Updata Partners, GroTech Ventures, and Summit Partners.
ParStream is the creator of a revolutionary high-performance, analytical, distributed database system especially engineered to solve real-time Big Data challenges. The ParStream platform enables customers to continuously import, store, and analyze Big Data, in real-time. The platform delivers sub-second query response times on billions of data records and runs on ParStream’s proprietary columnar database. ParStream has a proven track record in several industries, such as travel, e-commerce, finance, and online advertising. The company is funded by Khosla Ventures and other institutional and angel investors and has operations in Silicon Valley, USA; Cologne, Germany; and Paris, France. ParStream is one of CIO.com’s “Top 10 Big Data Start-ups To Watch” and has won awards such as “The Red Herring Top 100 Europe”, “Gartner Cool Vendor”, and “The ComputerWeek (Germany) Big Data Innovation Award”. For more information, please visit www.parstream.com