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MapR Announces 81% Revenue Growth for First Fiscal QuarterMapR Technologies, Inc., provider of the Converged provider of the Converged Data Platform that fully integrates analytics with operational processes in real time, today announced 81% revenue growth for its first quarter of fiscal 2018, which ended on April 30, 2017, compared to the first quarter of fiscal 2017. MapR achieved this revenue growth through new and expanded purchases by customers worldwide. The number of MapR customers and partners continued to grow as deployments of the MapR platform helped organizations derive greater business value from their data. "We continue to see deployments of a new breed of intelligent applications that transform the way data is used by organizations to achieve greater efficiency and advantage," said Matt Mills, CEO, MapR Technologies. "MapR offers a unique production-ready data platform that can seamlessly support legacy and modern data technologies with the speed, scale and reliability needed by enterprise customers." Q1 Business Highlights:
"We are using containers with the MapR Platform across all our applications to drive agility in a fast development environment," said Gerard Paulke, enterprise architect, Quantium. "The ability to change direction rapidly for testing new software or deploying an application is a key advantage for us. MapR gives Quantium the speed, scale and efficiency that enables us to apply rigorous analytical techniques to consumer transaction data for a wide range of industries including retail, financial services and media."
"The use cases for IoT continue to grow, and in many situations, the volume of data generated at the edge requires bandwidth levels that overwhelm the available resources," said Jason Stamper, analyst, Data Platforms & Analytics, 451 Research (News - Alert). "MapR is pushing the computation and analysis of IoT data close to the sources, allowing more efficient and faster decision-making locally, while also allowing subsets of the data to be reliably transported to a central analytics deployment."
About MapR Technologies Headquartered in San Jose, Calif., MapR provides the industry's only Converged Data Platform that enables customers to harness the power of big data by combining analytics in real-time to operational applications to improve business outcomes. With MapR, enterprises have a data management platform for undertaking digital transformation initiatives to achieve competitive edge. Amazon, Cisco, Google, Microsoft (News - Alert), SAP, and other leading businesses are part of the global MapR partner ecosystem. For more information, visit mapr.com. View source version on businesswire.com: http://www.businesswire.com/news/home/20170605005446/en/ |