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Fy13 performance final
1. FOR IMMEDIATE RELEASE
KOGNITIO COMPLETES MOST SUCCESSFUL YEAR IN COMPANY’S HISTORY, WITH
YEAR-OVER-YEAR VOLUME INCREASE OF 99 PERCENT
146% increase in Kognitio Cloud orders, first-ever enterprise license, strong expansion
in North American market highlight company’s growth
NEW YORK, April 3, 2013 — Kognitio, driving the convergence of Big Data, in-memory
analytics and cloud computing, today announced the conclusion of the most successful
year in its history. The company said it doubled its bookings in FY13, growing at a year-
over-year rate of 99.2 percent, and reported revenue numbers for the fourth quarter of
its fiscal year that were 69 percent higher than the third quarter, and 48 percent higher
than for the same period last year.
Kognitio attributed its record-setting growth to the overwhelming interest in Big Data,
as well as its ability to deliver affordable solutions that make business data analytics far
more available to companies of all sizes than ever before.
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Kognitio reported a year-over-year increase of 146 percent in contracts for its Kognitio
Cloud service, and 283 percent for software licensing. During its more than 20 years in
business, Kognitio has been at the forefront of virtually every major innovation in data
analytics, ranging from the industry’s first in-memory analytical database and the first
integrated appliance to offering data analytics as a service and more.
“A year ago, I told our team that I had high expectations for them. We exceeded those
expectations,” said Steve Millard, Kognitio president and chief executive officer. “In
every major area, we outperformed our projections. Companies that need the speed
and power of in-memory data analytics understand, more than ever, that Kognitio
delivers the insights they want, in a more flexible and less-costly manner than its
competitors.”
Kognitio also reported:
• Its third consecutive quarter of double-digit growth;
2. • Its first enterprise license agreement with bet365 Group, Ltd., one of the world’s
leading online gambling groups with more than seven million customers in 200
countries; and
• Substantial growth in the North American market, including new contracts with
several major Fortune 500 firms, including a major superstore retailer.
Kognitio also introduced several innovations to the market during its fiscal year,
including offering a fully functional copy of the Kognitio Analytical Platform at no charge
through the Amazon and Informatica marketplaces, and announced support for
massively parallel “R” via external scripts for computationally intensive processes. In
addition, Garter Inc. analysts positioned Kognitio in the “visionaries” quadrant of their
“Magic Quadrant for Data Warehouse Database Management Systems,” published in
February, and Enterprise Management Associates analysts recently reported in a white
paper that Kognitio “shows the most promise for an in-memory” database, when
compared with Oracle TimesTen and SAP HANA.
“All of this shows clear momentum on our part,” Millard said, “and it places us in an
enviable position in the marketplace. We are delivering solid value and a solution that
has us poised for even greater growth as we enter our new fiscal year.”
About Kognitio
Kognitio is driving the convergence of Big Data, in-memory analytics and cloud
computing. Having delivered the first in-memory analytical platform in 1989, it was
designed from the ground up to provide the highest amount of scalable compute power
to allow rapid execution of complex analytical queries without the administrative
overhead of manipulating data. Kognitio software runs on industry-standard x86
servers, or as an appliance, or in Kognitio Cloud, a ready-to-use analytical
platform. Kognitio Cloud is a secure, private or public cloud Platform-as-a-Service
(PaaS), leveraging the cloud computing model to make the Kognitio Analytical Platform
available on a subscription basis. Clients span industries, including market research,
consumer packaged goods, retail, telecommunications, financial services, insurance,
gaming, media and utilities.
To learn more, visit www.kognitio.com and follow us on Facebook, LinkedIn and Twitter.
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For more information:
Michael Hiskey Steve Friedberg
Kognitio MMI Communications
+1.646.216.2073 +1.610.518.7474
michael.hiskey@kognitio.com steve@mmicomm.com