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San Francisco, CA, United States, 2014/06/23 - Report Evaluates Solutions That Help IT Leaders Retire Legacy Applications, Reduce Costs, and Meet Governance and Compliance Requirements - RainStor.com.
RainStor, provider of the most efficient enterprise data store for Big Data, today announced that Gartner, Inc. has named the company a visionary in the June 11, 2014 “Magic Quadrant for Structured Data Archiving and Application Retirement.”
Gartner evaluated the market according to each vendor’s ability to execute and completeness of vision. The report acknowledges the importance of this market by building on the assumption that,“By 2016, 75% of structured data archiving applications will incorporate support for big data analytics,” and “By 2017, structured data archiving will represent one-fifth of information governance efforts in enterprises.”
The report also states; “The growing use of Apache Hadoop, increasing data warehouse volume sizes and the accumulation of legacy systems in organizations are fostering structured data growth.”
RainStor solutions are deployed at many of the world’s largest banks, telecom service providers and other large enterprises. The RainStor archive solution enables efficient scale, fast query using a wide range of tools and built-in enterprise-grade security. It is simple to manage and easy to deploy. By implementing RainStor as the enterprise platform for all structured data archival needs, customers benefit from the lowest total cost, minimized complexity and reduced risk.
“We are delighted with RainStor’s visionary position in the Gartner MQ,” said John Bantleman, CEO, RainStor. “We believe this not only validates the archive market but also recognizes our long-standing commitment to bring together enterprise archive and big data analytics. We will continue to innovate and release new product capabilities that meet emerging needs in this fast-paced and exciting market.”
About the Magic Quadrant
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.
RainStor (rainstor.com) provides the world’s most efficient data store that reduces the cost, complexity and compliance risk of managing enterprise data. RainStor’s patented technology enables customers to cut infrastructure costs by 90%. RainStor scales anywhere; on-premise or in the cloud and natively on Hadoop. Among RainStor’s customers are 20 of the world’s largest communications providers and 10 of the biggest banks and financial services organizations, who use RainStor to manage historical data, while saving millions.
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