MemSQL Finished a Record Fiscal Year with Strongest Q4
Summary
SAN FRANCISCO, March 01, 2018 (GLOBE NEWSWIRE) -- MemSQL, the database for real-time applications, today announced a solid finish to its fiscal year as a result of having a record quarter.This growth is partly driven by more than three times increase in add-on revenue, as once customers start using MemSQL, they maintain and expand their use of the technology.“As the demand for real-time insights on data grows, companies need a database that can handle transactions and analytics at the same time,” said Nikita Shamgunov, CEO and co-founder of MemSQL.MemSQL gives them that advantage by providing them the ability to analyze their data to gain insights in real time while utilizing standard SQL which organizations find easier to consume than NoSQL technologies.The release of MemSQL 6 delivered many new features and enhancements for customers, such as support for stored procedures and user-defined functions, improved query performance including vectorized execution (AVX2) for certain kinds of aggregation/group-by, filter, and join queries, enhanced fault tolerance, and reduced blocking for online operations.
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